5440 113th St - Apartments FOR SALE


Seminole, FL 33772
$600,000 USD
727-241-1307
5440 113th St, Seminole, FL for Sale
$600,000 USD
Apartments - FOR SALE
1/32
null | Request Cap Rate

5440 113th St
Seminole, FL 33772


HIGHLIGHTS

  • Unincorporated Seminole: No Rental Restrictions!
  • Solid AirBNB Rental History.
  • Located in a Non-Flood Zone: “X”
  • Well-maintained; Recent Updates.
  • Just 2 miles to Madeira Beach; centrally located to shopping and dining; 30-minute drive to Tampa International Airport.
  • Plenty of Parking.

OVERVIEW

Are you looking for a single-family home with an In-Law suite or an Incredible Income Producing Property in Unincorporated Seminole with NO Rental Restrictions? If so, this is the house for you! Option 1: Live in the entire house with plenty of room for a large family. Option 2: Live upstairs and let the in-laws have their own private space downstairs. Option 3: Rent the downstairs apartment while you live upstairs. Option 4: Rent out the 2 units separately. The options are yours. The current owner has the house divided into 2 living spaces that he has very successfully rented out through Air BnB. The monthly rental income is about $5800 a month or $69,600 a year for the 2 units combined. Less the fixed expenses the property still generates roughly $57,600 yearly. Just 2 miles to the beautiful beaches of Madeira Beach, centrally located to shopping, restaurants, and a short 30-minute drive to Tampa International Airport. The home is equipped with 2 kitchens, one upstairs and one for the downstairs unit. So, the property includes 2 refrigerators, 2 microwaves, 2 electric ovens, 2 garbage disposals, 1 dishwasher, 1 washer and dryer. Upon entering the house, you will be greeted in the living room with a fireplace to enjoy on our chilly December nights and delighted with the open feeling as the ceiling extends to the second level. The upper level has a sunny family room, dining room and kitchen with an eat in bar. Across the house are the primary bedroom and guest bedroom with a private ensuite bath and a full hall bath. The lower level of the house has a full kitchen with a breakfast bar, living room, a full bathroom, nice sized bedroom and a bonus room with a huge storage space. This bonus room is used as another sleeping room, and it is completely private. The garage is a large 2 car garage with laundry area and a 10x6' storage room. There are 2 compressors, one 3.5-ton unit replaced in 2019 and a 1.5-ton unit replaced in 2018. The water heater was new in 2018 and has a warranty until Nov. 6, 2024. The shingle roof was new in 2018. So whether you are looking for a home for your family, need an apartment for your in-laws or to rent out, or you are looking for an income producing property this is the house for you!

FOR SALE DETAILS

PRICE

$600,000 USD

PRICE/SF

$238 USD /SF

# OF UNITS

1

PRICE/UNIT

$600,000

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1972

PARKING SPACES

4

LAND DETAILS

LAND ACRES

0.17 AC

LAND SF

7,405 SF

ZONING

R-3

APN/PARCEL ID

33-30-15-79632-003-0190

ASK ABOUT THIS PROPERTY

Harold HolderKW CommercialMore Info
727-241-1307

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Harold HolderKW CommercialMore Info
727-241-1307

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.