10598 106TH Ave, Largo, FL 33773

This Largo property presents an investor opportunity with a four-unit income-producing asset. The property comprises two separate block buildings, each containing two 1-bedroom, 1-bathroom units, situated on a 11,622 sq ft lot. One building totals approximately 1,256 sq ft, while the second building totals approximately 1,480 sq ft including two attached garages, bringing the total building size to approximately 2,736 sq ft. Three units are currently occupied, and one is vacant, providing an opportunity to place a tenant at market rent or occupy the unit. Current rents are $1,500/month, $1,300/month, and $1,100/month, with the vacant unit projected to rent for approximately $1,145/month. Similar units in the area suggest potential rents of approximately $1,400–$1,450 per month with minor optimization and turnover improvements. The property offers multiple value-add opportunities. Two single-car garages (180 sq ft each) provide additional flexibility. One unit currently utilizes a garage without additional rent, while the second garage is available and could generate additional income estimated at $100+/month per garage. Each garage also includes laundry, creating the possibility for coin-operated laundry income for tenants. Additional features include separate electric meters for tenants on the building that has the two garages, shared electric on the other, separate water heaters for each unit, off-street parking, and long-term tenants currently on annual leases. Two tenants are currently supported through the local housing authority program. Water is currently paid by the landlord. The property has seen recent improvements, including a new roof installed in December 2024 on one building, while the other roof was installed in October 2017. Most units have recently been cleaned and refreshed to maximize rental potential, and one unit includes a private fenced yard area. Constructed in 1955 and 1957, the property is believed to be block construction and is located in Flood Zone X. Professional management is currently in place and can continue managing the property if desired.