3715 66TH AVENUE N, PINELLAS PARK, FL 33781 (MLS # U8091457)

Price $1,950,000
Status Active
Size 15,680 sqft
Lot Size 1.54 ac
Days on Market 62
20 units 2 bed./1 bath, ten duplexes adjacent to each one, fully occupied, solid block concrete, located on the whole street from 37th st to 38th st on 66th Ave N, 0n the north side of the Ave, walking distance to one of the most beautiful Mall, parkside Mall, 5 minutes to HWY 275 which takes within 15 minutes to Tampa International Airport, 15 minutes to the most beautiful beach, 12 minutes to Downtown St Pete. The Owner bought it 20 years ago with a rent $750/ Month, never rise up the rent, at the time average rent for 2 bed 1 bath $1000 to $1300, the current rent much below market value, for the new owner to adjusted at least $1000/month, then you have a Cap Rate above 8% with the full price, very low maintenance building with very low expenses, Tenants pay, water, electricity, dumpster, owner pays Tax, Insurance, Management, & Maintenance, easy to finance with 30% to 35% down payment.just apprased the full price, Owner in his way to change the Roof for three Duplexes, we are selling $97,500 / Unit at the time market value in our area $120k/unit to $135K/unit, please do not disturb tenants, call agent, showing after executed contract, all the units a like 2/1
Property Type(s): Commercial
Last Updated 9/11/2020 Tract SUNSET VIEW
Year Built 1983 Community 33781 - Pinellas Park
County Pinellas

Additional Details

AIR Central Air
AREA 33781 - Pinellas Park
CONSTRUCTION Block, Concrete
LOT 1.54 acre(s)
LOT DESCRIPTION Lease Term - 12 Months
STYLE Multi-Family
TAXES $2899.68

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