Price Reduction! 218 N Pinellas Ave

PRICE REDUCED!
Unique Opportunity in Tarpon Springs! Ready for long-term rentals or Airbnb (TOURIST AREA LOCATION)
The building apartments is a renovated 12-unit multifamily building at 218 N Pinellas Avenue in the heart of historic Tarpon Springs, Florida.
The building offers a mix of:
- Three two-bed/one-bath units
- Six one-bed/one-bath units
- Two studios, and one management office suite.
The renovations includes:
-new flooring
-fresh paint
-modern kitchen cabinets with quartz countertops,
-New appliances.
-New bathrooms
-Reinforced estructure to ensure long-term safety and stability.
Additional improvements include: new secure doors, durable and resistant flooring, a modern electrical system with LED lighting, and efficient gas and plumbing systems, new water heaters.
This property has not been affected by any flood or hurricane damage, ensuring it's properly structured and supported.

For investors, 218 N Pinellas Avenue represents an exceptional opportunity. It requires minimal maintenance while offering solid rental income potential. With a historically high occupancy rate and a projected 8.48% return on investment.
Estimated income:
Apt 1: 2 bed/1 bath - Estimate rent: $ 1700
Apt 2: 1 bed/1 bath - Estimate rent: $ 1300
Apt 3: 1 bed/1 bath - Estimate rent:$ 1300
Apt 4: 1 bed/1 bath - Estimate rent:$ 1300
Apt 5: 1 Studio/1 bath - Estimate rent:$ 1000
Apt 6: 1 bed/1 bath - Estimate rent:$ 1300
Apt 7: Studio/ 1 bath - Estimate rent:$ 1000
Apt 8: Office - Estimate rent:$ 500
Apt 21: 2 bed/1 bath - Estimate rent:$ 1500
Apt 22: 2 bed/1 bath - Estimate rent:$ 1500
Apt 23: 1 bed/1 bath - Estimate rent:$ 1400
Apt 24: 1 bed/1 bath - Estimate rent:$ 1400
Potential Monthly Income: $ 15,200
Gross Annual Income: $ 182,400
Expenses:
Property Tax $15,926
Management 8%= $14,592
Repair & Maintenance: $3,000
Insurance (No winds coverage):$ 8,930
Net Operating Income: $139,952
Highlights:
218 N Pinellas Avenue is a short walk to the scenic Anclote River, local parks, and stunning beaches like Fred Howard Park Beach and Sunset Beach.

Amid the Pinellas Trail Corridor District in a lively tourist area, 218 N Pinellas Avenue is positioned for future redevelopment opportunities.
Employment centers like Florida Hospital North Pinellas and St. Pete College is within 2 miles, and the nearby Walmart Supercenter offers additional convenience for residents.
Smooth access to major highways such as US Highway 19 and Interstate 275 makes commuting and travel a breeze.
Live in the Center of Action:
- Walking distance to shopping centers (City Plaza, Sponge Exchange, Tarpon Plaza)
- Close proximity to natural parks (Anclote Key Preserve, Brooker Creek Preserve, John Chesnut Sr. Park)
- Near renowned hospitals (AdventHealth, Morton Plant, Medical Center of Trinity)
Connectivity and Convenience:
- Walk Score: 85 (highly walkable area)
- Easy access to public transportation (score 32)
- Bike infrastructure (bike score 68)

History:
Founded in 1876 and named after the abundant tarpon fish in its waters, Tarpon Springs is a city rich in history. Originally a hub for fishing and trade, it has evolved into a popular tourist destination known for its historic downtown, beautiful white-sand beaches, and cultural diversity. Famous for its Greek heritage, Downtown Tarpon Springs still boasts early 20th-century architecture and is enriched by various festivals, such as the annual Greek Festival, the Fishing Festival, and the Siren Festival. Residents enjoy swift access to local shops, restaurants, entertainment venues, and the iconic Tarpon Springs sponge docks.