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Multi Family - TARPON SPGS OFFICIAL MAP for Sale

106 E TARPON, TARPON SPRINGS, FL 34689

Asking Price$2,190,000 Change Price$35,000

  • Days on market:

    103 day(s)
  • Original Price:

    $2,225,000
  • Price per sqft:

    $167.12
  • Tax Legal Description:

    TARPON SPRINGS OFFICIAL MAP BLK 67, LOT 8 & E 24FT OF LOT 9
  • Tax Year:

    2023
  • Property Type:

    Multi Family
  • Construction Type:

    Block
  • Cooling Description:

    OtherCentral AirWall/Window Unit(s)
  • Special Listing Conditions:

    None

Description

$2,190,000 • living size area 13104 sqft

Back on the market! discover a prime investment opportunity in the heart of tarpon springs, fl with this exceptionally gorgeous and well maintained building. located prominently on tarpon ave, this property boasts three thriving retail tenants on the street level, ensuring steady income flow. above, eleven spacious apartments on the second floor offer additional rental potential, making it a versatile asset for savvy investors. with an impressive cap rate to start, this property promises an incredible return on investment. currently, all rental rates are positioned well below market value, presenting a substantial opportunity for increased revenue. recent major renovations, including a new roof installed within the last year, underscore the commitment to modernization and structural integrity. strategically positioned in a high-traffic area, the building enjoys visibility and accessibility, further enhancing its appeal to both commercial and residential tenants. the dynamic growth of tarpon springs adds intrinsic value, making this property not only a sound financial investment but also a cornerstone of a vibrant community. don’t miss out on this rare chance to own a property with significant income potential and capital appreciation. schedule a showing today to explore the possibilities that await with this prime commercial real estate opportunity.

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