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Wade M. Berlin

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118 Lake Avenue Se
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PRICED AT ONLY: $435,000

Address: 118 Lake Avenue Se, LARGO, FL 33771

Description

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.

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  • MLS#: TB8499836 ( Residential Income )
  • Street Address: 118 Lake Avenue Se
  • Viewed: 35
  • Price: $435,000
  • Price sqft: $217
  • Waterfront: No
  • Year Built: 1973
  • Bldg sqft: 2004
  • Bedrooms: 5
  • Total Baths: 2
  • Days On Market: 22

Description

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.
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Features
Building and Construction
  • Covered Spaces: 0.00
  • Exterior Features: Private Entrance, Private Mailbox
  • Flooring: Ceramic Tile, Laminate
  • Living Area: 1718.00
  • Roof: Shingle
Garage and Parking
  • Garage Spaces: 0.00
  • Open Parking Spaces: 0.00
Eco-Communities
  • Water Source: Public
Utilities
  • Carport Spaces: 0.00
  • Cooling: Central Air
  • Heating: Central, Electric
  • Pets Allowed: Cats OK, Dogs OK
  • Sewer: Public Sewer
  • Utilities: Electricity Connected, Public, Sewer Connected, Water - Multiple Meters, Water Connected
Finance and Tax Information
  • Home Owners Association Fee: 0.00
  • Insurance Expense: 0.00
  • Net Operating Income: 0.00
  • Other Expense: 0.00
  • Tax Year: 2025
Rental Information
  • Tenant Pays: Electricity, Sewer, Trash Collection, Water
Other Features
  • Appliances: Range, Range Hood, Refrigerator
  • Country: US
  • Interior Features: Eat-in Kitchen
  • Legal Description: LAKE PALMS SEC 4 LOT 24
  • Levels: One
  • Area Major: 33771 - Largo
  • Occupant Type: Tenant
  • Parcel Number: 36-29-15-48168-000-0240
  • Views: 35
Nearby Subdivisions
Coral Heights Sub   Lake Palms Sec 2   Lake Palms Sec 3   Lake Palms Sec 4   Palm Breeze Estates Sub   Whitegates Sub  
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Contact Info

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  2. The Real Estate Professional You Deserve
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Wade M. Berlin

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