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1113 Ohio Ave 8 Unit Apartment Building $2,296,710 CAD ($287,089 CAD/Unit) 4.91% Cap Rate Dunedin, FL 34698



Investment Highlights
- 8 Unit Apartment building
- Newer A/C's (6) 2025 and (2) 2023
- New Roof 2025
- Foundation stabilization with chemical grout injections was completed in June 2025 by Geotech to ensure long-term stability.
Executive Summary
Excellent income-producing opportunity! This impeccably maintained 8-unit building features a new roof (2025), six new A/C units (2025), and two A/C units new in 2023. Interior units have been freshly painted within 1–5 years and are repainted upon move-outs. Income producing coin laundry with two washers and two dryers makes life easy for tenants.
The 8-unit property includes seven units with annual leases in place and one month-to-month unit. Each unit has its own private entrance, with patios on the ground level and balconies on the second floor. There are four one-bedroom/one-bath units and four two-bedroom/one-bath units. Tenants have separate electric meters for each unit. One electric meter and one water meter for owners. Foundation stabilization with chemical grout injections was completed in June 2025 by Geotech to ensure long-term stability. Assigned parking is available for each unit plus guest parking.
Location and lifestyle make this property truly special. Just 0.7 miles from famous downtown Dunedin, residents enjoy excellent walkability to Saturday markets, festivals, parades, abundant dining options, lively nightlife, breweries, the marina, and the Pinellas Trail for biking and walking. Weekends can be spent at nearby Honeymoon Island with sandy beaches and the turquoise waters of the Gulf of America. With so much activity and experiences right outside your door, this is more than a building—it’s a front-row seat to one of Florida’s most charming and vibrant communities. NOT IN A FLOOD ZONE.
Call Listing Agent, listing agent must accompany, by appointment only. 24 Hour notice required, do not contact tenants.
The 8-unit property includes seven units with annual leases in place and one month-to-month unit. Each unit has its own private entrance, with patios on the ground level and balconies on the second floor. There are four one-bedroom/one-bath units and four two-bedroom/one-bath units. Tenants have separate electric meters for each unit. One electric meter and one water meter for owners. Foundation stabilization with chemical grout injections was completed in June 2025 by Geotech to ensure long-term stability. Assigned parking is available for each unit plus guest parking.
Location and lifestyle make this property truly special. Just 0.7 miles from famous downtown Dunedin, residents enjoy excellent walkability to Saturday markets, festivals, parades, abundant dining options, lively nightlife, breweries, the marina, and the Pinellas Trail for biking and walking. Weekends can be spent at nearby Honeymoon Island with sandy beaches and the turquoise waters of the Gulf of America. With so much activity and experiences right outside your door, this is more than a building—it’s a front-row seat to one of Florida’s most charming and vibrant communities. NOT IN A FLOOD ZONE.
Call Listing Agent, listing agent must accompany, by appointment only. 24 Hour notice required, do not contact tenants.
Financial Summary (Actual - 2025) Click Here to Access |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2025) Click Here to Access
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | $2,296,710 CAD | Building Class | C |
| Price Per Unit | $287,089 CAD | Lot Size | 0.40 AC |
| Sale Type | Investment | Building Size | 6,312 SF |
| Cap Rate | 4.91% | Average Occupancy | 100% |
| No. Units | 8 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1985 |
| Property Subtype | Apartment | Parking Ratio | 1.9/1,000 SF |
| Apartment Style | Low-Rise |
| Price | $2,296,710 CAD |
| Price Per Unit | $287,089 CAD |
| Sale Type | Investment |
| Cap Rate | 4.91% |
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.40 AC |
| Building Size | 6,312 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1985 |
| Parking Ratio | 1.9/1,000 SF |
Amenities
Unit Amenities
- Air Conditioning
- Microwave
- Heating
- Security System
- Kitchen
- Refrigerator
- Oven
Site Amenities
- 24 Hour Access
- Laundry Facilities
- Tenant Controlled HVAC
- Smoke Free
- Trash Pickup - Curbside
- Walk-Up
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 4 | - | 600 |
| 2+1 | 4 | - | 700 |
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Property Taxes
| Parcel Number | 26-28-15-00000-120-0300 | Total Assessment | $1,250,280 CAD |
| Land Assessment | $410,784 CAD | Annual Taxes | -$1 CAD ($0.00 CAD/SF) |
| Improvements Assessment | $839,496 CAD | Tax Year | 2025 |
Property Taxes
Parcel Number
26-28-15-00000-120-0300
Land Assessment
$410,784 CAD
Improvements Assessment
$839,496 CAD
Total Assessment
$1,250,280 CAD
Annual Taxes
-$1 CAD ($0.00 CAD/SF)
Tax Year
2025
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1113 Ohio Ave
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