GREAT FIX AND FLIP OR BUY AND HOLD IN 218 N Pinellas Ave, Tarpon Springs, FL 34689

About this property

Property Overview: 11 Total Units Three (3) 2 Bed / 1 Bath Units Six (6) 1 Bed / 1 Bath Units Two (2) Efficiency Units Living Area: 6,350 SQFT Lot Size: 6,900 SQFT Built in 1925 Fully Renovated Building All Units Currently Rented Leases in Place Across Entire Property Utilities: One Water Meter Ten Electric Meters Unit 7 Equipped with Mini-Split A/C Income Snapshot: Gross Monthly Rent: $13,100 Gross Annual Rent: $157,200 Rent Roll: Unit 1: $1,300/mo | Lease Ends 08/31/2026 Unit 2: $1,300/mo | Lease Ends 03/02/2026 Unit 3: $1,000/mo | Lease Ends 01/31/2027 Unit 4: $1,000/mo | Lease Ends 08/31/2026 Unit 5: $900/mo | Lease Ends 12/31/2026 Unit 7: $800/mo | Lease Ends 09/02/2026 Unit 21: $1,400/mo | Lease Ends 08/31/2026 Unit 22: $1,500/mo | Lease Ends 08/31/2026 Unit 23: $1,300/mo | Lease Ends 03/02/2026 Unit 24: $1,300/mo | Lease Ends 03/31/2027 Unit 32: $1,300/mo | Lease Ends 03/02/2026 Capital Improvements: Fully Renovated Property Estimated Renovation Investment: $450,000 – $500,000 Turnkey Operation with Established Tenancy Investment Highlights: 100% Occupied Immediate Cash Flow Diverse Unit Mix Strong Rent Roll Significant Capital Improvements Completed Stable Tenant Base Excellent Long-Term Hold Opportunity Terms: As-Is Sale Cash or Hard Money Only Seller selects escrow and title agent Buyer covers all closing costs Realtors or Wholesalers may add commission Inspect before contracting For inquiries, please text or call: 623-498-2126

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