Multifamily
Brittany's Place
7298 Ulmerton Rd, Largo, FL 33771
Listing Price: $2,475,000
Cap Rate
5.95%
Number of Units
17
GRM
8.31
Price/Unit
$145,588
Investment Overview
17-unit bulk condominium purchase in 96-unit amenitized condominium community in Largo, Florida (Tampa Bay MSA)
Brittany's Place
Investment Highlights
- 17-unit bulk condominium purchase in 96-unit amenitized condominium community in Largo, Florida (Tampa Bay MSA)
- Price per unit is 15% lower than recent individual sale comps average
- 25% increase in Effective Gross Income achievable by end of Year Two via unit interior improvements
- $1,700,000 recent community improvements, with fully renovated building exteriors, new asphalt paving and all new roofs in 2021
- Attractive unit mix, with large one-, two-, and three-bedroom units
- All units feature washer/dryer hookups
- Tenants pay all utility expenses
- Lower price-point opportunity to own in larger-scale, amenitized community with sparkling swimming pool
Exclusively Listed By
Financing By
Listing Price: $2,475,000
Cap Rate
5.95%
Number of Units
17
GRM
8.31
Price/Unit
$145,588
Investment Highlights
- 17-unit bulk condominium purchase in 96-unit amenitized condominium community in Largo, Florida (Tampa Bay MSA)
- Price per unit is 15% lower than recent individual sale comps average
- 25% increase in Effective Gross Income achievable by end of Year Two via unit interior improvements
- $1,700,000 recent community improvements, with fully renovated building exteriors, new asphalt paving and all new roofs in 2021
- Attractive unit mix, with large one-, two-, and three-bedroom units
- All units feature washer/dryer hookups
- Tenants pay all utility expenses
- Lower price-point opportunity to own in larger-scale, amenitized community with sparkling swimming pool
Investment Overview
17-unit bulk condominium purchase in 96-unit amenitized condominium community in Largo, Florida (Tampa Bay MSA)
Exclusively Listed By
Financing By
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