118 Lake Avenue Se, Largo, FL 33771

$399,000
5
BD
2
BA
1,718
SqFt

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List Price
$399,000
Status
ACTIVE
Days on Market
165
Price Change
▼ $20,000 1790390254
MLS#
TB8499836
Subtype
Residential Income
Style
One Story
Year Built
1973
Bedrooms
5
Bathrooms
2
Living Area
1,718
Lot Size
13,822
Acres
0.32
Subdivision
Lake Palms Sec 4
MLS Area Major
Largo

Property Description

Back on the market because financing fell through. Duplex in excellent condition. Tenants in #A have been there for approximately 10 years. Tenant in #B was there for 28 years and has just bought a house. That unit is the 3 bedroom 1 bath and is now vacant. Tenant in #A unit is on a yearly lease which is up in Oct 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. 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. Pictures of #B were taken before the tenant moved out.

Additional Information

Interior Features
Eat-in Kitchen
Exterior Features
Private Entrance, Private Mailbox
Financing
Cash, Conventional, FHA, VA Loan
Community Features
Street Lights, No Deed Restriction
Property Description
One Story
Appliances
Range, Range Hood, Refrigerator
Heating
Central, Electric
Air Conditioning
Central Air
Exterior Construction
Block
Exterior Features
Private Entrance, Private Mailbox
Levels
One
Roof
Shingle
Foundation
Slab

Listing courtesy of CHARLES RUTENBERG REALTY INC. 866-580-6402

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