About This Home

This 5-bedroom, 2-bathroom multi-family at 118 LAKE Avenue SE in Largo, FL is listed for $399,000 ($232 per sqft). Built in 1973, the home offers 1,718 sqft of living space on a 0.32 acres lot.

Key Features

  • Built in 1973
  • 0.32 acre lot

Property Details

1 story
2 full
1973

Amenities

A/C
Listing Description

Back on the market because financing fell through. Duplex in excellent condition. Tenants in #A have been there for approximately 10 years. Tenant in #B was there for 28 years and has just bought a house. That unit is the 3 bedroom 1 bath and is now vacant.

Tenant in #A unit was on a yearly lease which was up in Oct. #A is now on a month to month lease. 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. 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. Pictures of #B were taken before the tenant moved out.

Monthly Cost Estimate

$2,134/mo

20% down · 6.5% · 30 years

Principal$289
Interest$1,729
Insurance$116

Estimates only. Actual payments may vary.

Location

118 LAKE Avenue SE

Largo, FL 33771

LAKE PALMS SEC 4

Features & Amenities

Interior Features

Eat-in Kitchen

Exterior Features

Private EntrancePrivate Mailbox

Property Details

Flooring

Tile - CeramicLaminate

Construction

Block

Outdoor Features

Porch

Heating

Electric (Heating)Central

Cooling

Central Air

Appliances

RangeRange HoodRefrigerator

Questions & Answers

This 5-bedroom, 2-bathroom multi-family at 118 LAKE Avenue SE is listed at $399,000 ($232/sqft). The estimated monthly payment is $2,134 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.

Key features include: Built in 1973, 0.32 acre lot. Interior Features: Eat-in Kitchen. Exterior Features: Private Entrance, Private Mailbox.

This property is listed by Renny Bryden.

RB

Renny Bryden

Agent at Charles Rutenberg Realty, Inc

Listed by Charles Rutenberg Realty, Inc · Broker phone: (727) 538-9200 · View on Broker Site · Broker website

MLS# TB8499836· Source: Stellar MLS· 188 days on PropertySimple

Copyright © 2026 Stellar MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

118 LAKE Avenue SE, Largo, FL 33771

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