Active

1132 AUBURN ST

CLEARWATER FL, 33756

$2,990,000


$248.42 per sqft

Active

20 Beds

15 Baths

12,036 sqft

Multi-family

Built in 1981

1132 Auburn St is a unique opportunity to own a stabilized 15 unit multi-family apartment complex in unincorporated pinellas county with substantial room for growth. With great proximity to the Downtown Largo Redevelopment project, 1132 Auburn St is less than 2 miles from Largo's Urban Core.

Ownership spent several hundred thousand dollars in CapEx including new roof, exterior paint, landscaping, paved parking lot with assigned spaces, central HVACs, common laundry room, shared grass area. Interior renovations include new luxury vinyl flooring, cabinets, quartz countertops, recessed lighting and updated appliances.

-Favorable Unit Mix of 66% One Bedrooms and 33% Two Bedrooms

- (10) One Bedroom One Bath Units

- (5) Two Bedroom, One Bath units

New owner has the ability to recapture an average of $332/month per unit - increasing the the total rent roll by $51,792.

Enjoy a strong cashflow right from the start and let the property appreciate.

T3537224

MLS ID

June 26, 2024

Listed

September 18, 2024

Updated

Map

1132 AUBURN ST
CLEARWATER FL, 33756

Interior Features

Bedrooms

20


Total Bathrooms

15


Interior Features

Ceiling Fans(s), Thermostat


Laundry Description

Common Area, Laundry Room


Fireplace

No


Cooling

Yes


Cooling Description

Central Air


Heating

Yes


Heating Description

Central, Electric

Exterior/Building Features

Lot Size

0.95 Acres


Exterior Features

Courtyard, Fence, Garden, Storage


Roof

Shingle


Sewer

Public Sewer

Other Property Details

Area Name

33756 - Clearwater/Belleair


Taxes

$23,869


Tax Frequency

Annually


Days on Market

1


Garage

No


Parking

Assigned


View

No


County

Pinellas


Municipality

29


Water Source

Public


Pool

No


Zoning

RM-15

Listed by MPGFL TAMPA LLC
Listing Contact: 631-356-5697 

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Data last updated 9/18/2024, 9:36 PM UTC

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