3715 66th Avenue N, PINELLAS PARK

$1,950,000

Pending

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0 Beds
0 Baths
0 Sqft
.15 Acres
0 Garages

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

Essential Information
MLS® # U8091457
Price $1,950,000
Acres 0.15
Year Built 1983
Type Commercial Sale
Sub-Type Multi-Family
Status Pending
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Neighborhood Information for 3715 66th Avenue N

Stable Population, Moderate Residential Turnover, Coastal Area, Suburb of Tampa

Weather

  • Highs

    • January 69.30℉
    • July 90.20℉
  • Lows

    • January 54.00℉
    • July 76.60℉
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    Precipitation

    • 49.58"
   
Great Schools School Name Distance  

Lealman Avenue Elementary School

Public - Kindergarten to 5th Grade - Closest Elementry School
0.6 Miles

Sacred Heart Interparochial School

Catholic - Preschool to 8th Grade - Closest Middle School
1.1 Miles

Morning Star School Of Pinellas Park

Catholic - 1st Grade to 11th Grade
1.2 Miles

Richard L. Sanders School

Public - Kindergarten to 12th Grade
1.3 Miles

Classical Christian School For The Arts

Private - Kindergarten to 12th Grade
1.3 Miles

Lealman Innovation Academy

Public - 6th Grade to 12th Grade
1.3 Miles

Pace Center For Girls

Public - 6th Grade to 11th Grade
1.3 Miles

School data provided by GreatSchools

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Listing data comes from My Florida Regional MLS DBA Stellar MLS.

Listing information last updated on October 31st, 2020 at 5:31pm EDT.