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218 N Pinellas Ave 12 Unité Immeuble d’appartements 2 144 254 $ CAD (178 688 $ CAD/Unité) 7,45% Taux de capitalisation Tarpon Springs, FL 34689
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FAITS SAILLANTS DE L'INVESTISSEMENT
- Fully rented long, term rentals
- Fully renovated and operational
- Downtown Tarpon Springs location, minutes from the beach and Sponge Docks
RÉSUMÉ DE L'ANNONCE
For Sale: 11-Unit Apartment Complex
218 N Pinellas Ave, Tarpon Springs, FL
Investment Summary
Fully Rented | $13,400 Monthly Rental Income
Net Operating Income (NOI): $115,536 per year
Cap Rate: 7.45% (based on $1,550,000 purchase price)
Zoned for Multifamily Use
No Owner Financing
Why This Property is a Good Investment
Immediate cash flow – all 11 units are currently rented
Turnkey and well maintained – minimal repairs needed
Professionally managed – admin fee already included
Low operating costs – includes cleaning, gardening, insurance, and property taxes
Why Tarpon Springs is a Great Location
Tarpon Springs is a unique Florida coastal town, just 30 minutes from Clearwater in the Tampa Bay area. It offers strong rental demand and long-term value.
Culture & History
Founded in 1876 with strong Greek heritage
Known for the historic Sponge Docks and Greek restaurants
Downtown features classic architecture and annual cultural events
Waterfront Access
Located near the Gulf of Mexico
Ideal for boating, kayaking, and fishing
Close to beaches, parks, and nature trails
Great Community for Renters
Affordable cost of living
Low crime rate and quality schools
Popular with families, professionals, and retirees
Friendly, small-town feel with local tourism appeal
Financial Overview
Description:
Monthly Rental Income: $13,400
Monthly NOI (after expenses):$9,628
Annual NOI:$115,536
Cap Rate (at $1.55M): 7.45%
Investor Info:
This is a ready-to-go income-producing property
No renovation or tenant sourcing needed
Located in a stable, in-demand rental market
Long-term upside in a culturally rich and growing area
Contact for More Information or a Tour
This is a great opportunity for an investor looking for consistent income in a strong Florida market.
No Owner Financing
Showings by Appointment Only
Seller: GRECO ENTERPRISES LLC
Phone: 727-698-4945 (Sofia Pons) Property Manager
Email: ariamanagementfl@gmail.com
218 N Pinellas Ave, Tarpon Springs, FL
Investment Summary
Fully Rented | $13,400 Monthly Rental Income
Net Operating Income (NOI): $115,536 per year
Cap Rate: 7.45% (based on $1,550,000 purchase price)
Zoned for Multifamily Use
No Owner Financing
Why This Property is a Good Investment
Immediate cash flow – all 11 units are currently rented
Turnkey and well maintained – minimal repairs needed
Professionally managed – admin fee already included
Low operating costs – includes cleaning, gardening, insurance, and property taxes
Why Tarpon Springs is a Great Location
Tarpon Springs is a unique Florida coastal town, just 30 minutes from Clearwater in the Tampa Bay area. It offers strong rental demand and long-term value.
Culture & History
Founded in 1876 with strong Greek heritage
Known for the historic Sponge Docks and Greek restaurants
Downtown features classic architecture and annual cultural events
Waterfront Access
Located near the Gulf of Mexico
Ideal for boating, kayaking, and fishing
Close to beaches, parks, and nature trails
Great Community for Renters
Affordable cost of living
Low crime rate and quality schools
Popular with families, professionals, and retirees
Friendly, small-town feel with local tourism appeal
Financial Overview
Description:
Monthly Rental Income: $13,400
Monthly NOI (after expenses):$9,628
Annual NOI:$115,536
Cap Rate (at $1.55M): 7.45%
Investor Info:
This is a ready-to-go income-producing property
No renovation or tenant sourcing needed
Located in a stable, in-demand rental market
Long-term upside in a culturally rich and growing area
Contact for More Information or a Tour
This is a great opportunity for an investor looking for consistent income in a strong Florida market.
No Owner Financing
Showings by Appointment Only
Seller: GRECO ENTERPRISES LLC
Phone: 727-698-4945 (Sofia Pons) Property Manager
Email: ariamanagementfl@gmail.com
BILAN FINANCIER (RÉEL - 2025) Cliquez ici pour accéder à |
ANNUEL (CAD) | ANNUEL PAR pi² (CAD) |
|---|---|---|
| Revenu de location brut |
$99,999
|
$9.99
|
| Autres revenus |
-
|
-
|
| Perte due à l’inoccupation |
-
|
-
|
| Revenu brut effectif |
$99,999
|
$9.99
|
| Revenu net d’exploitation |
-
|
-
|
BILAN FINANCIER (RÉEL - 2025) Cliquez ici pour accéder à
| Revenu de location brut (CAD) | |
|---|---|
| Annuel | $99,999 |
| Annuel par pi² | $9.99 |
| Autres revenus (CAD) | |
|---|---|
| Annuel | - |
| Annuel par pi² | - |
| Perte due à l’inoccupation (CAD) | |
|---|---|
| Annuel | - |
| Annuel par pi² | - |
| Revenu brut effectif (CAD) | |
|---|---|
| Annuel | $99,999 |
| Annuel par pi² | $9.99 |
| Revenu net d’exploitation (CAD) | |
|---|---|
| Annuel | - |
| Annuel par pi² | - |
FAITS SUR LA PROPRIÉTÉ
COMMODITÉS
- Détecteur de fumée
COMMODITÉS DES UNITÉS
- Climatisation
- Prêt pour le câble
- Ventilateurs de plafond
- Planchers de tuiles
- Cuisine
- Comptoirs de granit
- Réfrigérateur
- Four
- Électroménagers en acier inoxydable
- Fourchette
- Bain/Douche
- Walk-in
- Sous-sol
- Foyer
- Lingerie
- Bureau
- Sans fumée
- Plancher de vinyle
COMMODITÉS DU SITE
- Cour
- Cuisinière à gaz
- Espace d'entreposage
UNITÉ RENSEIGNEMENTS SUR LE MÉLANGE
| DESCRIPTION | NOMBRE D’UNITÉS | LOYER MOYEN/MOIS | pi² |
|---|---|---|---|
| Studios | 6 | 1 245 $ CAD | 500 |
| 1+1 | 3 | 1 798 $ CAD | 750 |
| 2+1 | 3 | 2 075 $ CAD | 1 000 |
Walk Score®
Très pratique à pied (85)
Impôts fonciers
| Numéro de lot | 12-27-15-60228-000-0050 | Évaluation des bâtiments | 1 081 831 $ CAD |
| Évaluation du terrain | 314 089 $ CAD | Évaluation totale | 1 395 920 $ CAD |
Impôts fonciers
Numéro de lot
12-27-15-60228-000-0050
Évaluation du terrain
314 089 $ CAD
Évaluation des bâtiments
1 081 831 $ CAD
Évaluation totale
1 395 920 $ CAD
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218 N Pinellas Ave
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