For Sale

Listed by Ahmad Maki Kubba from BUXTON PROPERTIES INC

Source: Stellar MLS #U8091457

3715 66th Avenue, Pinellas Park, FL, 33781

$1,950,000

16640 sq. ft.
67260 sq. ft.

MultiFam

30+ days on the market

What's around 3715 66th Avenue

About this property

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 very low down payment. 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

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