Money Making Tri-plex

Multi-Family for Sale
Catylist Listing ID: 30404645
Property Subtypes: Duplex/Fourplex
Number of Units: 3 Units
Building Size (RSF): 2,880 SF
Gross Land Area: 6,307 SF
Sale Price: $289,900
Unit Price: $96,633.33 Per Unit
Property Use Type: Investment
Building Name: Franklin Street Money Maker
Usable Size (USF): 2,880 SF
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Average Occupancy Rate: 100
Last Updated: 10/21/2019

Overview / Comments

1970 concrete block triplex. 2,880 SF heated and cooled. Three very large 2 bedroom,1 bath apartments. Easy to rent. Rents need to be increased with owner paying water to $950.00/month. Seller will give buyer cash at to raise rents to market rents of $950. Credit will be $50 per month, per unit till end of current lease. New owner will be able to be a market rent upon purchase. Owner is in process of painting the building and replacing cabinets in unit 2. Please review attached brochure for more details and income and expense information.

Additional Details

Nearest MSA: Tampa-St. Petersburg-Clearwater
County: Pinellas
Taxing Authority: City Clearwater
Tax ID/APN: 15-29-15-38574-008-0180
Zoning: MEDIUM DENSITY RESIDENTIAL
Percent Occupied: 100%
Property Located Between: Cleveland St and Court St
Total Number of Buildings: 1
Property Condition: Good
Number of Stories: 1
Year Built: 1970
Roof Type: Flat
Construction/Siding: Block
Parking Type: Surface
Total Parking Spaces: 6
Heat Type: Electricity
Heat Source: Central
Fuel: Electric
Air Conditioning: Package Unit
Zoning Description: ZONING: Medium Density Residential (City of Clearwater) LAND USE: Residential Medium
Lot Frontage: 47
Lot Depth: 140
Water Service: Municipal
Sewer Type: Municipal
Land Ownership: Fee simple
Legal Description: HIBISCUS GARDENS BLK H, LOT 18 & VAC ST PARCEL ID# 15-29-15-38574-008-0180

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 19,296 118,205 263,792
Median Age: 39.15 45.23 46.35
Households: 7,977 52,762 121,042

Contact

Photograph of Listing Agent

Joseph T Santolucito

KLEIN & HEUCHAN, INC CE-FL Member
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