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$1,550,000   Price Analysis
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401 1st Ave NE
Largo, FL 33770
1 bed 1 bath 6,852 SqFt ($226/SqFt)
0.56 acre lot. Built 1950
Listed 2024-04-12, Taxes $17,820
Ⓧ USDA Ineligible
due to price & location

near Largo

Under contract-accepting backup offers.

* Sale Pending *

Well-maintained and managed 11-unit property located at 401 1st Ave NE, Largo, Florida. Situated right next to Largo Park, this income-generating income property offers a coin-operated laundry room for extra cash flow. Most of the units have been renovated or freshly updated, ensuring quick rentals. Whether youre an experienced investor or looking for a good rental income opportunity, this prime location promises both stability and growth. Act now to secure your slice of Florida real estate success!

1. Most of the units are renovated 2. a new washer and dryer are located in a lounge room, including security cameras. 3. ample of parking spaces in the property 4. ll units are first floor 5. there is storage in the property 6. four units have a new roof 7. the property has an immediate turnover and is easy to rent due to its profitable location Financial information including all annual gross and Net income, Expenses and individual unit rents and expenses are available for review. The overall financial information is located in this listing financial information


Presented by Gilon Levert at
GILON LEVERT.
Listing Agent Photo

Property MLS #T3518466 from StellarMLS

Bedrooms: 1

Total Bathrooms: 0
Full Bathrooms: 1

Ceiling Fans(s)
Flooring: Laminate, Tile

Electric Water Heater
Range
Range Hood
Refrigerator
Laundry Features: Common Area, Laundry Room

Cooling Features: Central Air
Heating Features: Central, Electric, Wall Units / Window Unit

Lighting
Road Surface Type: Asphalt

Lot Size Acres: 0.56
Lot Size Dimensions: 192x127
Lot Size Square Feet: 24367

Association: No
Calculated Total Monthly Association Fees: 0

Number of Buildings: 6
Number of Units: 11
Bedrooms in Unit-1: 1
Total Bathrooms in Unit-1: 1

Gross Income: 143520
Tenant Pays: Electricity

Annual Tax Amount: 18343.86999999
Source Listing Status: Pending
County: Pinellas
Directions: SEE GPS
Tax Year: 2023
Ownership: Fee Simple
Source Property Type: Residential Income
Area: 33770 - Largo/Belleair Bluffs
Source Neighborhood: ROOSEVELT GROVES
Parcel Number: 34-29-15-76536-002-0010
Postal Code Plus 4: 3707
Subdivision: ROOSEVELT GROVES
Township: 29
Property Subtype: Multi-Family
Source System Name: C2C

YearAssessments
Building + Land
Total
Tax
2022$unknown + $unknown
$935,000
$17,820
2021$365,753 + $484,247
$850,000
$16,954
2020$309,028 + $205,972
$515,000
$10,429
2019$329,004 + $160,996
$490,000
$10,006
2018$unknown + $unknown
$451,000
$9,437
2017$315,806 + $94,194
$410,000
$8,610
2016$unknown + $unknown
$380,000
$7,955
2015$unknown + $unknown
$370,000
$7,913
2014$unknown + $unknown
$369,600
$7,872
2013$unknown + $unknown
$265,000
$5,711
2012$unknown + $unknown
$250,000
$5,331
2011$unknown + $unknown
$255,000
$5,262
2010$unknown + $unknown
$285,000
$5,730
2009$unknown + $unknown
$320,000
$6,458
2008$unknown + $unknown
$350,000
$6,817
2007$unknown + $unknown
$365,000
$6,902

Listed 2024-04-12
$1,550,000
StellarMLS
Listing removed 2024-04-10
$1,150
StellarMLS
Listed for rent 2024-03-28
$1,150
StellarMLS
Listing removed 2024-03-15
$1,175
StellarMLS
Listing removed 2024-03-04
$1,750
StellarMLS
Listed for rent 2024-02-28
$1,175
StellarMLS
Listed for rent 2024-02-08
$1,750
StellarMLS
Listing removed 2020-10-15
$850
StellarMLS
Price Changed for rent 2020-06-29
$850
StellarMLS
Price Changed for rent 2020-06-19
$825
StellarMLS
Price Changed for rent 2020-06-03
$850
StellarMLS
Listed for rent 2020-05-28
$895
StellarMLS
Sold 2013-09-18
$440,000
Public Record
Sold 1999-08-03
$270,000
Public Record
Sold 1997-08-01
$224,000
Public Record
Sold 1987-07-08
$300,000
Public Record
Sold 1981-03-01
$169,000
Public Record

Total Square Feet Living: 6852
Year Built: 1950
Building Area Source: Public Records
Building Area Total: 7573
Construction Materials: Wood Frame
Foundation Details: Block
Levels: One
Property Age: 74
Roof: Shingle

Sewer: Public Sewer
Electricity Connected
Public
Street Lights
Water Source: Public

Largo High School is a public high school located approximately 0.2 miles away.
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Largo Middle School is a public middle school located approximately 0.6 miles away.
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Ponce De Leon Elementary School is a public elementary school located approximately 1.2 miles away.
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Abundant Life Christian Academy is a private elementary, middle and high school located approximately 0.9 miles away.
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The property loan eligibility may be subject to additional requirements beyond geographical location including but not limited to the condition of the property. Speak with a real estate professional to find out more about the eligibility of a specific property.