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Key Details
Sold Price $565,000
Property Type Residential Income
Sub Type Triplex
Listing Status Sold
Purchase Type For Sale
Square Footage 1,888 sqft
Price per Sqft $299
Subdivision Tranquil Pines Sub
MLS Listing ID T3465293
Year Built 1952
Annual Tax Amount $2,830
Lot Size 7,840 Sqft
Property Description
Re/Max proudly presents a captivating TRIPLEX opportunity in the heart of Largo, FL, 5-10 Minutes to #1 Rated Florida Beaches. Huge Income potential and current 7%+ Cap Rate (rented below market value). Annual Potential Gross income $80k+ as Short term rental. Come make this into your AIRBNB/VRBO Cash Cow, No Flood Ins Required, No rental restrictions, Deed Restrictions or HOA's here! This triplex features: A spacious 2-bedroom 1-bathroom unit with circle drive way perfect for larger households, & Two cozy 1-bedroom, 1-bathroom units, ideal for individuals or couples seeking comfort and convenience each with their own unique feel & parking areas. This expansive 0.18-acre lot, property extends beyond four walls and has a pet-friendly large yard with privacy vinyl fencing, double wide side gate and a large shed for storage offering an inviting space to relax and enjoy the outdoors with the flexibility to add additional accommodations/parking for an RV/Boat in the backyard, (currently set up for one) & plenty of room to install a future Pool or hot tub amplifying the potential of this space. Situated in central Largo, this property enjoys an exceptional location. Imagine owning right next to the #1 rated Clearwater/Indian Rocks & Belleair Beaches. Beyond the shoreline, major retail centers, educational institutions, Hospitals, Public Transportation and abundant employment opportunities create a lifestyle of convenience and accessibility. New HVAC, Roof is 13-Yrs, Water Heater 15-Yrs. Whether you're seeking an excellent investment opportunity or a place to call home, this triplex offers something truly special. The Location, modern amenities, and versatile living potential creates a blank canvas for your dreams. Ask for our Market Analysis, with detailed breakdown of current Income & Expenses, 5-Yr Forecast, Comparable sales, Rent roll, Seller's Property disclosure, Floor plans and more! Be prepared to fall in love, properties of this caliber tend to find their new owner quickly. Don't miss out on making this triplex your own! BACK ON MARKET! Buyer financing fell through!
Location
State FL
County Pinellas
Community Tranquil Pines Sub
Rooms
Other Rooms Bonus Room, Inside Utility, Storage Rooms
Interior
Heating Electric
Cooling Mini-Split Unit(s)
Flooring Ceramic Tile, Laminate
Laundry Inside, Laundry Room
Exterior
Exterior Feature Dog Run, Fence, Garden, Lighting, Outdoor Shower, Private Mailbox, Rain Gutters, Sidewalk, Storage
Parking Features Boat, Circular Driveway, Driveway, Guest, Off Street, Parking Pad
Utilities Available Cable Available, Electricity Connected, Public, Sewer Connected, Street Lights, Water Connected
Roof Type Shingle
Building
Lot Description Corner Lot, Near Golf Course, Near Marina, Near Public Transit, Sidewalk, Paved
Foundation Block
Sewer Public Sewer
Water Public
Structure Type Wood Frame
New Construction false
Others
Acceptable Financing Cash, Conventional, FHA, VA Loan
Listing Terms Cash, Conventional, FHA, VA Loan
Special Listing Condition None
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Bought with HAMPTON REAL ESTATE ADVISORS L