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$1,250,000

0 Beds 0 Baths 6,350 SQFT 0.16 Acres
Type: Commercial

218 N PINELLAS AVENUE
TARPON SPRINGS, FL 34689

MLS#: TB8534519
Karl Ritzman
Karl Ritzman
The Real Estate Advantage
Realtor | RE/MAX Advantage Plus | The Minnesota Real Estate Team
Phone: 507.298.7607
Office: 763.755.1100
Presented by: GREAT HOMES REALTY INC with 727-488-4825. - 727-461-0400

Property Description

 

HUGE PRICE REDUCTION! Wooowww!!! Prime multi-family investment opportunity!!! Highly sought after well located apartment building! 11 UNIT APARTMENT BUILDING in Tarpon Springs, Florida (2 bed 1 bath x 3, 1 bed 1 bath x 8)! ALL UNITS ARE RENTED! Exceptional opportunity to acquire a 11 unit apartment building in one of Pinellas County’s most desirable and rapidly growing coastal communities! This multi-family investment property offers investors the chance to own a well-located income-producing asset with strong rental demand and excellent long-term appreciation potential. Ideally situated within minutes from Downtown Tarpon Springs, the world-famous Tarpon Springs Sponge Docks, Sunset Beach, the Pinellas Trail, marinas, shopping, restaurants, and major roadways including highway. Incredible convenience while attracting a wide tenant base. Whether you are expanding your real estate portfolio, completing a 1031 exchange, or seeking a stable cash-flow investment, this 11 unit multi-family property presents a rare opportunity! This apartment building is ideally positioned for investors seeking multi-family real estate, rental property, income property, investment real estate, or a value-add opportunity in Pinellas County. Conveniently located near Clearwater, Dunedin, Palm Harbor, and the beautiful Gulf beaches, the property offers an exceptional combination of location, income potential, and long-term value! It is extremely rare that a 11 unit apartment building in Tarpon Springs becomes available in such an amazing location! Don’t miss this great opportunity to own a premier multi-family investment property in one of Tampa Bay’s most vibrant and historic coastal communities! Schedule your showing today!


 

Interior Features

Bathrooms

Total Baths0

Other Interior Features

LivingAreaSource0 sqft
Air Conditioning Y/NYes
Heating Y/NYes

General

Additional Parcels Y/NNo
Building Area Units0 sqft
CityTARPON SPRINGS
Construction MaterialsStucco
CoolingWall/Window Unit(s)
CountyPinellas
DirectionsAlt 19 to Tarpon Springs (Alt 19 changes names a few times but is Pinellas Ave in Tarpon Springs). The property is North of Downtown Tarpon Springs.
DockY/NNo
Flood Zone Codex
Flood Zone Code XY
HeatingElectric
Legal DescriptionNOBLITT'S, G.E. LOT 5 AND N 18.5FT OF LOT 7
Living Area Units0 sqft
Lot Size Square Feet6,856 sqft
Lot Size UnitsSquare Feet
MLS Area34689 - Tarpon Springs
New ConstructionNo
Number Of Units Total12
Occupancy TypeTenant
OwnershipFee Simple
PossessionClose Of Escrow
Property SubtypeMulti Family (5+)
Property TypeCommercial Sale
RoofShingle
SewerPublic Sewer
Standard StatusActive
StatusActive
Subdivision NameNOBLITTS G E
Tax Annual Amount$18,837
Tax Lot5
Tax Year2025
Virtual TourClick here
Water Access Y/NNo
Water View Y/NNo
Year Built1925

Exterior

Building Area Total6,350 sqft
Foundation DetailsSlab
Lot Dimensions69 x 100
Lot Size Acres0.16
Lot Size Area6,856 sqft
Number of Buildings1
Road Frontage TypeState Road
Road Surface TypeAsphalt
Water SourcePublic
Waterfront Y/NNo

Additional Details

Price History

Schools 

High School Hubert H Humphrey Middle School
Middle School N/A
Elementary School Big Hollow Elementary School

  

Similar Properties

$1,250,000

0 Beds 0 Baths 6,350 SQFT 0.16 Acres
Type: Commercial

218 N PINELLAS AVENUE
TARPON SPRINGS, FL 34689

MLS#: TB8534519
Karl Ritzman
Karl Ritzman
The Real Estate Advantage
Realtor | RE/MAX Advantage Plus | The Minnesota Real Estate Team
Phone: 507.298.7607
Office: 763.755.1100