118 LAKE AVE SE, LARGO, FL, 33771
$435,000
Residential Income
|
Bedrooms
5
|
Bathrooms
2
|
Living Area
1,718 Sqft
|
Lot Size
13,822 Sqft
|
Duplex in excellent condition. Tenants have been there for over 10 years. Tenant in #B says she has been there 28 years. Tenants are on a yearly lease with an early termination clause that requires 30 days written notice and a $300 relocation payment, plus additional details. Terrific tenants who would like to stay. Separate water meters, separate electric meters, separate water heaters, separate HVAC, separate washer & dryer hookups. Huge Lot approximately 70X203 - Tenants mow the lawn. Plenty of parking. Freshly painted one story block building with tile floors. 4 Point inspections were done April 24/2024 and are attached in the MLS. Please keep in mind that these are long term tenants and are on discounted rents The rents could easily be raised by $200/Month per unit to market rates or $400 total, for an additional $4800 per year.
Property Details
| Property Features | Property Features | |||
|---|---|---|---|---|
| MLS ID: | MFRTB8499836 | Year Built: | 1973 | |
| Appliances: | Range, Range Hood, Refrigerator | Community Features: | Street Lights | |
| Construction Materials: | Block | Cooling: | Central Air | |
| Country: | US | County Or Parish: | Pinellas | |
| Exterior Features: | Private Entrance, Private Mailbox | Financial Data Source: | Owner | |
| Flooring: | Ceramic Tile, Laminate | Foundation Details: | Slab | |
| Heating: | Central, Electric | Laundry Features: | Electric Dryer Hookup, Laundry Room, Washer Hookup | |
| Levels: | One | Listing Agreement: | Exclusive Right To Sell | |
| Listing Terms: | Cash, Conventional, FHA, VA Loan | Occupant Type: | Tenant | |
| Other Equipment: | Private Entrance | Patio And Porch Features: | Porch | |
| Pets Allowed: | Cats OK, Dogs OK | Property Sub Type: | Duplex | |
| Property Type: | Residential Income | Road Responsibility: | Public Maintained Road | |
| Road Surface Type: | Paved | Roof: | Shingle | |
| Sewer: | Public Sewer | Showing Requirements: | 24 Hour Notice, Appointment Only, Call Listing Agent, Listing Agent Must Accompany, ShowingTime | |
| Special Listing Conditions: | None | Standard Status: | Active | |
| State Or Province: | FL | Tenant Pays: | Electricity, Sewer, Trash Collection, Water | |
| Utilities: | Electricity Connected, Public, Sewer Connected, Water - Multiple Meters, Water Connected | Water Source: | Public | |
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