Triplex with Renovated
603 6TH NE STREET TRIPLEX Largo, FL 33770
603 6TH NE STREET TRIPLEX, Largo, FL, 33770
$399,000
Pending
For Sale
$399,000
Pending
Three residential units on one lot, with Units A and B recently updated and Unit C needing extensive repairs.
Property Size2,327 SF
Days on Market608
Property Features for 603 6TH NE STREET TRIPLEX
General Information
- Standard status
- Pending
- Size
- 2,327 SF
- Property subtype
- Multi Family
Building Details
- Year Built
- 1932
Listing agency
HOME LOCATORS INC.
(813) 520-0614
Listed by
Anna Engle · License #3267443
(813) 520-0614
Source
Exitrealty
Added: Nov 20, 2024 Updated: Jul 20 at 11:47PM Checked: Jul 21 at 4:32AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of HOME LOCATORS INC.
Investment Insights
Based on property information with market context.
This triplex includes three separate residential units on a single property. Unit A has been renovated in 2023 and features luxury vinyl plank flooring, a completely remodeled bathroom, and an open layout. The unit also includes a private side entrance, a designated parking space, and access to a gated fenced garden area. Unit B offers two bedrooms and two bathrooms with tile flooring throughout, a primary bedroom with an en-suite bath, a fenced back area, and a washer/dryer.
Unit C is a micro-cottage on the same lot. It is semi-detached from Units A and B and includes a fenced-in yard. Units A and B are attached and share electric and water meters, while Unit C is described as requiring extensive repairs and is currently in need of significant work.
The property is located in an established neighborhood in the heart of Largo, near I-275, US-19, and Ulmerton Road, with dining, shopping, and entertainment minutes away.
Unit C is a micro-cottage on the same lot. It is semi-detached from Units A and B and includes a fenced-in yard. Units A and B are attached and share electric and water meters, while Unit C is described as requiring extensive repairs and is currently in need of significant work.
The property is located in an established neighborhood in the heart of Largo, near I-275, US-19, and Ulmerton Road, with dining, shopping, and entertainment minutes away.
Key Highlights
- Triplex on one lot with Units A and B attached and Unit C semi‑detached (same property).
- Unit A: 696 SF 1 bed/1 bath, just renovated in 2023 with luxury vinyl plank flooring and remodeled bathroom.
- Unit B: 935 SF 2 bed/2 bath, tiled throughout, with enclosed primary bedroom suite, fenced back area, and washer/dryer.
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $41.6k | $17.88 |
| − Vacancy | −$2.8k | −$1.21 |
| EGI | $38.8k | $16.67 |
| − OpEx | −$11.6k | −$5.00 |
| NOI | $27.2k | $11.67 |
2,327 SF · lease $17.88/SF/yr · vacancy 6.74% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$388.0K
$339.5K – $452.7K
NOI $27,162 @ 7.0% cap · market cap 6.81%
Second Best
Apartment 5plus
$305.7K
$267.5K – $356.7K
NOI $21,402 @ 7.0% cap · market cap 5.36%
Theoretical Best
Office A
$605.3K
$529.6K – $706.2K
NOI $42,369 @ 7.0% cap · market cap 10.62%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Triplex - Three residential units on one lot, with Units A and B recently updated and Unit C needing extensive repairs.
Where is this triplex located?
The property is located at 603 6TH NE STREET TRIPLEX Largo, FL.
What is the asking price?
The asking price for this property is $399,000.
What are key features of this property?
This property features: Triplex on one lot with Units A and B attached and Unit C semi‑detached (same property).; Unit A: 696 SF 1 bed/1 bath, just renovated in 2023 with luxury vinyl plank flooring and remodeled bathroom.; Unit B: 935 SF 2 bed/2 bath, tiled throughout, with enclosed primary bedroom suite, fenced back area, and washer/dryer.
