185 FULTON STREET NELARGO, FL 33771
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$100,000 price reduction!! Seller motivated! Turnkey 4 unit apartment building located off East bay and Keene rd. Priced at a 7.4 cap, 2 units are rented at $2,000/month and other 2 units are rented at $1,600/month. Bringing in $7,200 month and $86,400 annually with room to increase rents all to $2,000/month and bring it up to a gross income of $96,000 annually (8.5 cap rate). Extremely desirable rental location, next to the new largo townhall. This area is growing exponentially with major investments coming within minutes of this location. Easy access to shopping malls, banks, grocery stores, schools, fitness centers etc... BONUS- property is on a lake with 62 feet of water frontage. All units are 2 bedroom / 1 bath with laundry/storage rooms, all units have tile flooring throughout. This is a cash-flowing property with substantial upside with minimal needed. Don’t miss your chance to bring this building to its full potential and build serious value in a hot rental market.
| a month ago | Listing updated with changes from the MLS® | |
| a month ago | Price changed to $899,000 | |
| 4 months ago | Status changed to Active | |
| 4 months ago | Listing first seen on site |
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Last checked: 2025-04-04 04:29 PM EDT
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