Triplex
For Sale
$390,000
714 1ST AVE SW, Largo, FL 33770
Multifamily property in Largo with an established 1953 construction date.
Property Size1,880 SF
Days on Market50
Property Features for 714 1ST AVE SW
General Information
Standard status
Active
Size
1,880 SF
Property subtype
Triplex
Additional Details
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$2,475
Building Details
Building Size
1,880 SF
Year Built
1953
Listing Agency:
BEYCOME OF FLORIDA LLC
Listed By:
Steven Koleno · License #3469487
(804) 656-5007
Source:
Judibeck
Added: Sep 1
Changed: Oct 8
Last Checked: Oct 19 at 4:09PM
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 BEYCOME OF FLORIDA LLC
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Investment Insights
Based on property information with market context.
This triplex property contains 1880 square feet and was constructed in 1953. The asset is located at 714 1ST AVENUE SW in Largo, Florida, within ZIP code 33770.
Key Highlights
- Triplex classification
- 1880 square feet
- Constructed in 1953
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$21,944
Cap Rate
5.63%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$438,880
$438.9K
Cap Rate 7%
$313,486
$313.5K
Cap Rate 9%
$243,822
$243.8K
Market Conditions
NOI Build-Up for 1,880 SF
Gross rent
$33.6K $17.88/SF
− Vacancy
−$2.3K −$1.21/SF
EGI
$31.3K $16.67/SF
− OpEx
−$9.4K −$5.00/SF
NOI
$21.9K $11.67/SF
Area
Pinellas County, FL
Vacancy
6.74%
Lease Rate
$17.88 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$438,880
Cap Rate 7%
$313,486
Cap Rate 9%
$243,822
Alternative Uses
Best Use
Multifamily LT 5
$313.5K
$274.3K – $365.7K
NOI $21,944 @ 7.0% cap · market cap 5.63%
Second Best
Apartment 5plus
$247.0K
$216.1K – $288.2K
NOI $17,291 @ 7.0% cap · market cap 4.43%
Theoretical Best
Office A
$489.0K
$427.9K – $570.5K
NOI $34,230 @ 7.0% cap · market cap 8.78%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
886
Businesses Nearby
Explore this area
Business Placement
Demographics for 33770, FL
25,475
Population
13,417
Households
1.9
Avg Household Size
50
Median Age
26%
College-Educated
90%
High-School Grad
5.2 sq mi
ZIP Area
4,899
Density / Sq Mi
$58,071
Median Household Income
$39,354
Median Earnings
$1,481
Median Rent
$245,200
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Triplex - Multifamily property in Largo with an established 1953 construction date.
Where is this triplex located?
The property is located at 714 1ST AVE SW Largo, FL.
What is the asking price?
The asking price for this property is $390,000.
What are key features of this property?
This property features: Triplex classification; 1880 square feet; Constructed in 1953
