1005 Lake Palms Drive

Largo, FL 33771

$451,500
Price
5
Beds
1,846 Sq. Ft.
$245 / Sq. Ft.
1,846
Sq. Ft.
$245
per Sq. Ft.

Description

Income-Generating Duplex for Sale in Desirable Largo, FL
Investors, take note! This well-maintained duplex in the heart of Largo, Florida, offers a fantastic opportunity to own a fully-rented property in a quiet, established neighborhood. Both units are currently leased, providing immediate rental income and the potential for long-term cash flow. Property Features:
Fully Rented: Both 2-bedroom, 1-bathroom units are currently leased with reliable tenants, ensuring steady rental income from day one.
...Income-Generating Duplex for Sale in Desirable Largo, FL

Investors, take note! This well-maintained duplex in the heart of Largo, Florida, offers a fantastic opportunity to own a fully-rented property in a quiet, established neighborhood. Both units are currently leased, providing immediate rental income and the potential for long-term cash flow. Property Features:

Fully Rented: Both 2-bedroom, 1-bathroom units are currently leased with reliable tenants, ensuring steady rental income from day one. Well-Maintained: Both units feature updated flooring, fresh paint, and functional kitchens, making them move-in ready and easy to manage. Prime Location: Situated in a peaceful residential area, this duplex is close to major roadways, shopping, dining, schools, and just a short drive from the Gulf beaches. Low Maintenance: With long-term tenants in place, this property offers a low-maintenance investment with minimal turnover and management. Ample Parking: Each unit has its own parking space, with additional parking available for guests. Spacious Outdoors: Both units enjoy access to a large backyard, providing plenty of room for outdoor enjoyment. This turnkey duplex is perfect for investors seeking a solid addition to their portfolio, offering consistent income and minimal hassle. The location in Largo, a growing and desirable area, makes it even more appealing for both current and future tenants. Don’t miss this opportunity! Contact us today for more details or to schedule a private showing. Income-Generating Duplex for Sale in Desirable Largo, FL
Investors, take note! This well-maintained duplex in the heart of Largo, Florida, offers a fantastic opportunity to own a fully-rented property in a quiet, established neighborhood. Both units are currently leased, providing immediate rental income and the potential for long-term cash flow. Property Features:
• Fully Rented: Both 2-bedroom, 1-bathroom units are currently leased with reliable tenants, ensuring steady rental income from day one. Property Features:
• Fully Rented: Both 2-bedroom, 1-bathroom units are currently leased with reliable tenants, ensuring steady rental income from day one • Well-Maintained: Both units feature updated flooring, fresh paint, and functional kitchens, making them move-in ready and easy to manage. • Well-Maintained: Both units feature updated flooring, fresh paint, and functional kitchens, making them move-in ready and easy to manage • Prime Location: Situated in a peaceful residential area, this duplex is close to major roadways, shopping, dining, schools, and just a short drive from the Gulf beaches. • Prime Location: Situated in a peaceful residential area, this duplex is close to major roadways, shopping, dining, schools, and just a short drive from the Gulf beaches • Low Maintenance: With long-term tenants in place, this property offers a low-maintenance investment with minimal turnover and management. • Low Maintenance: With long-term tenants in place, this property offers a low-maintenance investment with minimal turnover and management • Ample Parking: Each unit has its own parking space, with additional parking available for guests. • Ample Parking: Each unit has its own parking space, with additional parking available for guests • Spacious Outdoors: Both units enjoy access to a large backyard, providing plenty of room for outdoor enjoyment. This turnkey duplex is perfect for investors seeking a solid addition to their portfolio, offering consistent income and minimal hassle. The location in Largo, a growing and desirable area, makes it even more appealing for both current and future tenants. Don’t miss this opportunity! Contact us today for more details or to schedule a private showing. Please note: this is one of 4 units for sale by the owner: 914, 926, 1001, and 1005 Lake Palms! Seller would prefer to sell all of her duplexes as a package: TB8324930, TB8324881, TB8324870, TB8324856, TB8324819

Property Details for 1005 Lake Palms Drive

Subdivision Name
WHITEGATES SUB
Township
30
Waterfront
No
LISTING UPDATED: 11/28/2024 06:47 AM

Property Details for 1005 Lake Palms Drive

StatusActive
MLS #TB8324881
Days on Market6
Taxes$4,015 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income / Duplex
Year Built1973
Lot Size0.19 AC / 8,276 SF
CountyPinellas County

Building Information for 1005 Lake Palms Drive

Stories-Residences2Year Built1973Building Size-Lot Size0.19 AC / 8,276 SF

Property Information for 1005 Lake Palms Drive

Summary
Location and General Information
  • Building Area Units: Square Feet
  • Directions: From the intersection of East Bay Drive and Fulton St., right on Fulton to right on Lake Ave., S. E. Follow Lake around to the south, where it becomes Lake Palms Drive. Continue on Lake Palms to address on left.
  • Elementary School: Southern Oak Elementary-PN
  • Middle Or Junior School: Largo Middle-PN
  • High School: Largo High-PN
  • Mls Major Change Type: New Listing
  • Major Change Type: New Listing
  • Listing Service: Full Service
  • Senior Community: No
  • Unit Number: No
  • Street Number: 1005
  • Street Name: LAKE PALMS
  • Street Suffix: DRIVE
  • State: FL
  • City: LARGO
Parking
  • Available For Lease: Yes
  • Carport: No
  • Garage: No
Taxes and HOA Information
  • Association: No
  • CDD: No
  • Tax Block: 000
  • Tax Book Number: 71-79
  • Tax Legal Description: WHITEGATES SUB LOT 27
  • Tax Lot: 27
  • Tax Year: 2023
Virtual Tour
Property
Lot Information
  • Additional Parcels: No
  • Parcel Number: 01-30-15-97353-000-0270
  • Total Acreage: 0 to less than 1/4
  • Total Num Buildings: 2
  • Water Access: No
  • Water Extras: No
  • Zoning: RES
  • Living Area: 1846
Property and Assessments
  • Year Built Numeric: 1973
  • Flood Zone Code: X
  • Flood Zone Date: 08-24-2021
  • Flood Zone Panel: 12103C0119H
  • New Construction: No
  • Property Condition: Completed
  • Public Survey Range: 15
  • Public Survey Section: 01
  • Dock YN: No
Utilities
  • Sewer: Public Sewer
  • Utilities: Cable Available, Sewer Connected, Water Connected
  • Water Source: Public
Interior and Exterior Features
Exterior Features
  • Construction Materials: Block, Other
  • Exterior Features: Other
  • Foundation Details: Slab
  • Pool Private: No
  • Pool: None
  • Pool Private: No
  • Roof: Shingle
  • Spa: No
  • Waterfront Feet Total: 0
Interior Features
  • Bedrooms Total: 5
  • Cooling: Central Air
  • Fireplace: No
  • Heating: Central
  • Interior Features: Other
  • Laundry Features: Inside, Washer Hookup
  • Living Area Source: Public Records
  • Living Area Units: Square Feet
  • Water View: No
Multi Family
Multi-Family Information
  • Annual Net Income: $37,015.00
  • Unit Count: 2
Unit 1
  • Unit Type Baths Total 1: 1
  • Unit Type Beds Total 1: 2
  • Unit Type Garage Attached 1: No
  • Unit Type Pro Forma 1: 1565
  • Unit Type Type 1: 2 Bed/1 Bath
  • Unit Type Units Total 1: 1
Unit 2
  • Unit Type Baths Total 2: 1
  • Unit Type Beds Total 2: 3
  • Unit Type Garage Attached 2: No
  • Unit Type Pro Forma 2: 1800
  • Unit Type Type 2: 3 Bed/1 Bath
  • Unit Type Units Total 2: 1
Rental
Rental Information
  • Pets Allowed: Yes

Property History for 1005 Lake Palms Drive

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 1005 Lake Palms Drive

Taxable ValueLand-Additions-Total-
Tax Record2023$4,015 ($335 / month)
Home Facts
Baths2Total Finished SqFt1,846 SqFtAbove Grade Finished SqFt1,846 SqFtStories1Lot Size8,276 SqFtStyleDuplexYear Built1973Year Renovated1986CountyPINELLASAPN01-30-15-97353-000-0270

Schools near 1005 Lake Palms Drive

This home is within Pinellas.
Rating
School
Type
Grades
Distance
Public - PK to 5
Public - 6 to 8
Public - 9 to 12
Charter - K to 3
Rating
School
Distance
Southern Oak Elementary School
PublicPK to 5

Largo Middle School
Public6 to 8

Largo High School
Public9 to 12

Pinellas Primary Academy
CharterK to 3

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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1005 Lake Palms Drive is a multi-family home for sale in Largo, FL 33771. This property was listed for sale on November 27, 2024 by CENTURY 21 RE CHAMPIONS, it's currently listed at $451,500. It has been on the market for a total of 6 days and was last sold on June 2, 2017. This listing's school district is Pinellas. Nearby schools include Southern Oak Elementary School, Largo Middle School and Largo High School. 1005 Lake Palms Drive is a 5-bed, 0-bath, 1,846 sqft multi-family home built in 1973.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of CENTURY 21 RE CHAMPIONS, Kathryn Larkin; CENTURY 21 RE CHAMPIONS, Tom Steck

The information being provided by MFRMLS and Daytona Multiple Listing Service is for the consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the consumer may be interested in purchasing. Any information relating to real estate for sale referenced on this web site comes from the Internet Data Exchange (IDX) program of MFRMLS or Daytona Multiple Listing Service. Real estate listings held by brokerage firms other than this site owner are marked with the IDX/MLS logo. Information deemed reliable but is not guaranteed accurate by MFRMLS or Daytona Multiple Listing Service. Last updated: 11/28/2024 06:47 AM