11916 133rd Avenue, Largo, FL 33778

$4,800,000
48
BD
17
BA
15,392
SqFt

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List Price
$4,800,000
Status
Active
Days on Market
143
MLS#
TB8483870
Property Style
Multi-Family 5+
Year Built
1964
Bedrooms
48
Bathrooms
17
Living Area
15,392
Lot Size
9,030
Acres
0.21
Total Acreage
1/2 to less than 1
Legal Subdivision Name
Ridgecrest Acres
MLS Area Major
Largo/Seminole

Property Description

Largo Legacy Townhomes represents a rare convergence of turnkey condition, strong cash flow, and meaningful upside in one of Florida's most resilient rental markets. With over $1,000,000 in completed capital improvements, a buyer acquires a like-new, 17-unit all-block asset with no deferred maintenance, no near-term capital requirements, and an income stream that begins on day one. The property is priced to reflect its renovated condition while still offering compelling returns relative to the broader market. The investment thesis is straightforward: a stabilizing, cash-flowing asset in supply-constrained Pinellas County with a rare 3-bedroom unit mix, separately metered utilities, and a clear path to NOI growth through lease-up completion and conservative annual rent increases. For investors seeking a high-quality, low-maintenance multifamily asset in the Tampa Bay market, this offering warrants serious consideration.

Additional Information

Taxes
$7696
Community Features
No Deed Restriction
Zoning
RM-15
Interior Layout
Kitchen/Family Room Combo, Open Floorplan, Solid Surface Counters, Solid Wood Cabinets, Thermostat
Interior Features
Kitchen/Family Room Combo, Open Floorplan, Solid Surface Counters, Solid Wood Cabinets, Thermostat
Utilities
Electricity Connected, Public, Water - Multiple Meters, Water Connected
Heating
Central
Air Conditioning
Central Air
Exterior Construction
Block
Exterior Features
Sidewalk
Roof
Membrane
Foundation
Block
Pool
No Pool
Flood Zone Code
X
Parcel ID
09-30-15-74808-004-0240
Legal Description
RIDGECREST ACRES UNIT 3 BLK D, LOT 24

Listing courtesy of IMPERIO REAL ESTATE. 727-748-4017

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