5 UNITS | TARPON SPRINGS, FL

Multi-Family for Sale
Catylist Listing ID: 30614423
Property Subtypes: Low-Rise/Garden
Building Status: Proposed
Number of Units: 2 Units
Building Size (RSF): 3,958 SF
Gross Land Area: 7,400 SF
Sale Price: $850,000
Unit Price: $425,000 Per Unit
Property Use Type: Net Leased Investment (NNN), Investment
Building Name: 419 E TARPON AVE
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 2/27/2021

Overview / Comments

Please contact the agent for more information about this listing.

Additional Details

Nearest MSA: Tampa-St. Petersburg-Clearwater
County: Pinellas
Taxing Authority: Pinellas
Tax ID/APN: 15 27 12 90000 000 0160
Zoning: 0822 (APARTMENTS (5-9 UNITS)
Property Located Between: One block from heart of Downtown Tarpon Springs
Highway Access: US19 and ALT19
Airports: Tampa International [40 min drive / 24.0 mi] and St. Pete–Clearwater International Airport [42 min drive / 22.9 mi
Site Description: AMAZING INVESTMENT OPPORTUNITY for Multi-Family Investors! 2 Buildings for Sale Directly located on Tarpon Ave with Great Visibility. Great Location near Downtown Tarpon Springs Historic District. There are 5 Units Total- 9br/6bths. 4 of the Units are Currently on Yearly Leases. The 1 Unit in the back (upstairs of the yellow building) is rented out as a Vacation Rental Weekly/Nightly. Main Building is on Tarpon Ave. 3,542 Sqft. Second Building 1080 Sqft. Five Units total, with 4 Separate Electric Meters. Building 1 (Green)- On the first Floor is One Large Apartment with 3 Bedrooms, Great Room, Full-sized Kitchen, and 2 Bathrooms. Two 1 Bedroom Apartments with Kitchens and Baths. On Second Floor- 2 Bedrooms with a Full-sized Kitchen and 1 Bathroom with Laundry Room. Building 2 (Yellow) - Updated Two-Bedroom Apartment with a Full Kitchen, Stainless Steel Appliances with Great Room, and Bathroom. Downstairs Storage and Laundry Facility accessible to renters. All Units have a Private Entrance. There is One Parking Lot and Street parking. Walk one block and you will be in the Heart of Downtown Tarpon Springs with Antiques Shops, Museums, and Restaurants on every corner. There is a Water Splash Park less than a half a mile away on the Trail with a Dog Park with lots of Fun for your Dogs. Walk Down to the Spring Bayou and visit the Location of the Annual Epiphany Cross Diving Competition held every year in January. Great Investment Opportunity!
Area Description: Building 1 Site Address: 419 E TARPON AVE Building 2 Site Address: 421 E TARPON AVE
Total Number of Buildings: 2
Property Condition: Excellent
Number of Stories: 2
Year Built: 1910
Roof Type: Gable
Construction/Siding: Wood Frame
Exterior Description: Frame/Stucco
Parking Description: There is One Parking Lot and Street parking
Total Parking Spaces: 10
Laundry: Shared
Heat Source: Central
Fuel: Electric
Air Conditioning: Engineered System, Window Unit
Zoning Description: Property Use: 0822 (Apartments (5-9 units)
Lot Frontage: 50
Lot Depth: 148
Water Service: Municipal
Sewer Type: Municipal
Land Ownership: owned
Legal Description: TARPON SPRINGS RESUB OF BLK 30 LOT 16

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 9,831 51,341 137,342
Median Age: 48.04 45.93 46.32
Households: 4,428 22,308 58,993

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