Under contract-accepting backup offers. Duplex in excellent condition. Tenants have been there for over 10 years. Tenant in #B says she has been there 28 years. Tenants are on a yearly lease with an early termination clause that requires 30 days written notice and a $300 relocation payment, plus additional details. Terrific tenants who would like to stay. Separate water meters, separate electric meters, separate water heaters, separate HVAC, separate washer & dryer hookups. Huge Lot approximately 70X203 – Tenants mow the lawn. Plenty of parking. Freshly painted one story block building with tile floors. 4 Point inspections were done April 24/2024 and are attached in the MLS. Please keep in mind that these are long term tenants and are on discounted rents The rents could easily be raised by $200/Month per unit to market rates or $400 total, for an additional $4800 per year.
Property Details
Price:
$419,000
MLS #:
TB8499836
Status:
Active Under Contract
Beds:
5
Baths:
2
Type:
Multi Family
Subtype:
Duplex
Subdivision:
LAKE PALMS SEC 4
Neighborhood:
33771largo
Listed Date:
Apr 22, 2026
Finished Sq Ft:
1,718
Total Sq Ft:
2,004
Lot Size:
13,822 sqft / 0.32 acres (approx)
Year Built:
1973
See this Listing
Schools
Interior
Appliances
Range, Range Hood, Refrigerator
Cooling
Central Air
Flooring
Ceramic Tile, Laminate
Heating
Central, Electric
Interior Features
Eating Space In Kitchen
Laundry Features
Electric Dryer Hookup, Laundry Room, Washer Hookup
Levels
One
Exterior
Construction Materials
Block
Exterior Features
Private Entrance, Private Mailbox
Patio And Porch Features
Porch
Roof
Shingle
Financial
Tax Year
2025
Taxes
$5,696
Map
Community
- Address118 LAKE AVENUE SE LARGO FL
- SubdivisionLAKE PALMS SEC 4
- CityLARGO
- CountyPinellas
- Zip Code33771
Subdivisions in LARGO
Market Summary
Current real estate data for Multi Family in LARGO as of Aug 29, 2026
26
Multi Family Listed
155
Avg DOM
772
Avg $ / SqFt
$656,573
Avg List Price
Property Summary
- Located in the LAKE PALMS SEC 4 subdivision, 118 LAKE AVENUE SE LARGO FL is a Multi Family for sale in LARGO, FL, 33771. It is listed for $419,000 To schedule a showing of MLS#tb8499836 at 118 LAKE AVENUE SE in LARGO, FL, contact your InvestPro Properties, Inc. agent at 561-203-7022.
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Courtesy of CHARLES RUTENBERG REALTY INC. Disclaimer: All data relating to real estate for sale on this page comes from the Broker Reciprocity (BR) of the Orlando/Tampa – FL. Detailed information about real estate listings held by brokerage firms other than InvestPro Properties, Inc. include the name of the listing broker. Neither the listing company nor InvestPro Properties, Inc. shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The Broker providing this data believes it to be correct, but advises interested parties to confirm any item before relying on it in a purchase decision. Copyright 2026. Orlando/Tampa – FL. All rights reserved. 118 LAKE AVENUE SE
LARGO, FL