Well-Maintained 7-Unit
614 Beverly Avenue Largo, FL 33770
614 Beverly Avenue, Largo, FL, 33770
$1,150,000
For Sale
$1,150,000
Seven residential units with a studio-heavy mix; roof, windows, and siding were replaced within the past four years.
Property Size3,602 SF
Price / SF$319.27
Days on Market152
Property Features for 614 Beverly Avenue
General Information
- Standard status
- Active
- Size
- 3,602 SF
- Property subtype
- Multi-Family
Building Details
- Year Built
- 1951
Listing agency
BLUE PEAK REALTY LLC
(727) 777-7100
Listed by
Nicholas Catando
Source
Xome
Added: Feb 19 Updated: Jul 20 at 4:56PM Checked: Jul 21 at 3:02AM
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 BLUE PEAK REALTY LLC
Investment Insights
Based on property information with market context.
This well-maintained 7-unit multifamily property offers a mixed unit layout that includes four studios, one 1-bedroom/1-bath, one 2-bedroom/1-bath, and one 4-bedroom/1-bath. The exterior has undergone recent capital improvements, including replacement of the roof, windows, and siding within the past four years.
The property is located in Largo, with convenient access to major roadways and nearby shopping and dining. It is also positioned within reach of the Gulf beaches.
The current configuration provides a broad range of unit sizes, supporting a diversified rental mix across studio through 4-bedroom formats.
The property is located in Largo, with convenient access to major roadways and nearby shopping and dining. It is also positioned within reach of the Gulf beaches.
The current configuration provides a broad range of unit sizes, supporting a diversified rental mix across studio through 4-bedroom formats.
Key Highlights
- 7‑unit residential property built in 1951 with a studio‑heavy unit mix (4 studios).
- Unit mix includes (1) 1BD/1BA, (1) 2BD/1BA, and (1) 4BD/1BA for varied tenant appeal.
- Recent exterior capital improvements: roof, windows, and siding replaced within the past four years.
Local Financial Insights For Apartment 5plus
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 | $64.8k | $18.00 |
| − Vacancy | −$4.6k | −$1.28 |
| EGI | $60.2k | $16.72 |
| − OpEx | −$27.1k | −$7.52 |
| NOI | $33.1k | $9.20 |
3,602 SF · lease $18.00/SF/yr · vacancy 7.10% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$473.3K
$414.1K – $552.1K
NOI $33,128 @ 7.0% cap · market cap 2.88%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$936.9K
$819.8K – $1.09M
NOI $65,584 @ 7.0% cap · market cap 5.70%
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?
Apartment building - Seven residential units with a studio-heavy mix; roof, windows, and siding were replaced within the past four years.
Where is this apartment building located?
The property is located at 614 Beverly Avenue Largo, FL.
What is the asking price?
The asking price for this property is $1,150,000.
What are key features of this property?
This property features: 7‑unit residential property built in 1951 with a studio‑heavy unit mix (4 studios).; Unit mix includes (1) 1BD/1BA, (1) 2BD/1BA, and (1) 4BD/1BA for varied tenant appeal.; Recent exterior capital improvements: roof, windows, and siding replaced within the past four years.
