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128 Douglas Rd W 2 Unit Apartment Building $621,919 CAD ($310,960 CAD/Unit) 7.59% Cap Rate Oldsmar, FL 34677
Investment Highlights
- Metered Units Electric & Water
- Fenced Yards
- Private parking 2 Spaces
Executive Summary
Motivated Seller!! These 2 units 128-C & D have long term occupants on annual leases. These 1224 sq ft units each have 2 bedrooms 2.5 Bathrooms open spacious kitchen area and snack bar that over looks the screen room and nice private fenced yard for each unit. There are 2 dedicated parking spaces for each unit community garbage and out door lawn care all taken car of by the HOA. If you are considering investment properties or possible mother in law living quarters this could be an opportunity for this Oldsmar Rental building that was just recently painted and had newer roof installed in 2018. NOTE: There are multiple buildings available 132 A & B and 128 C & D Both available on this site!! .
Financial Summary (Actual - 2024) |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$59,627
|
$24.36
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$59,627
|
$24.36
|
| Taxes |
$5,985
|
$2.44
|
| Operating Expenses |
$6,865
|
$2.80
|
| Total Expenses |
$12,850
|
$5.25
|
| Net Operating Income |
$46,777
|
$19.11
|
Financial Summary (Actual - 2024)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $59,627 |
| Annual Per SF | $24.36 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $59,627 |
| Annual Per SF | $24.36 |
| Taxes (CAD) | |
|---|---|
| Annual | $5,985 |
| Annual Per SF | $2.44 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $6,865 |
| Annual Per SF | $2.80 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $12,850 |
| Annual Per SF | $5.25 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $46,777 |
| Annual Per SF | $19.11 |
Property Facts
| Price | $621,919 CAD | Building Class | C |
| Price Per Unit | $310,960 CAD | Lot Size | 0.10 AC |
| Sale Type | Investment | Building Size | 2,448 SF |
| Cap Rate | 7.59% | Average Occupancy | 100% |
| No. Units | 2 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1989 |
| Property Subtype | Apartment | Parking Ratio | 0.82/1,000 SF |
| Apartment Style | Townhome | ||
| Zoning | R-6 - residential (multi-family) | ||
| Price | $621,919 CAD |
| Price Per Unit | $310,960 CAD |
| Sale Type | Investment |
| Cap Rate | 7.59% |
| No. Units | 2 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Townhome |
| Building Class | C |
| Lot Size | 0.10 AC |
| Building Size | 2,448 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1989 |
| Parking Ratio | 0.82/1,000 SF |
| Zoning | R-6 - residential (multi-family) |
Amenities
Unit Amenities
- Air Conditioning
- Dishwasher
- Washer/Dryer Hookup
- Ceiling Fans
- Tile Floors
- Walk-In Closets
- Dining Room
- Lawn
- Porch
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 2 | - | - |
Fairly walkable
50/100
Very drivable
80/100
Limited public transit
30/100
Fairly bikeable
50/100
Property Taxes
| Parcel Numbers | Total Assessment | $479,288 CAD (2025) | |
| Land Assessment | $44,732 CAD (2025) | Annual Taxes | $5,985 CAD ($2.44 CAD/SF) |
| Improvements Assessment | $434,556 CAD (2025) | Tax Year | 2024 |
Property Taxes
Parcel Numbers
Land Assessment
$44,732 CAD (2025)
Improvements Assessment
$434,556 CAD (2025)
Total Assessment
$479,288 CAD (2025)
Annual Taxes
$5,985 CAD ($2.44 CAD/SF)
Tax Year
2024
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128 Douglas Rd W
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