187 Bel Forest Dr Belleair Bluffs, FL 33770

Property Details for 187 Bel Forest Dr

Property type

Commercial real estate

Description

This exceptional investment opportunity presents a 12-unit multifamily complex situated on a substantial 31,496 square foot lot in the desirable Belleair Bluffs, Florida. The property comprises four adjacent buildings, each a triplex, offering a mix of eight two-bedroom and four one-bedroom units. All units feature central air conditioning, and the property boasts ample parking and well-maintained landscaping. The buildings are constructed of solid block, totaling 11,297 heated square feet and 12,389 total square feet. Three of the four buildings have newer roofs (installed in 2004, 2016, 2018, and 2019), and all units and buildings remained undamaged by recent storms. The property's convenient location offers tenants easy access to Belleair Bluffs Plaza, Publix, Walgreens, area beaches, and nearby communities like Largo. Most tenants are on month-to-month leases, many of whom have been long-term residents. Tenants are responsible for their own electricity. This property presents significant upside potential through future renovations and is priced to sell "as-is." Showings are strictly by appointment only to respect the privacy of current tenants. The asking price for this prime multifamily investment is $2,821,750.