For Sale
$2,821,750

187 Bel Forest DrBelleair Bluffs, FL 33770

12-Unit Multifamily Complex, Prime Location

Overview

Added:
Dec 11, 2024
Days on market:
115
This exceptional investment opportunity presents a 12-unit multifamily complex situated on a substantial 31,496 square foot lot in the desirable Belleair Bluffs, Florida. The property comprises four adjacent buildings, each a triplex, offering a mix of eight two-bedroom and four one-bedroom units. All units feature central air conditioning, and the property boasts ample parking and well-maintained landscaping. The buildings are constructed of solid block, totaling 11,297 heated square feet and 12,389 total square feet. Three of the four buildings have newer roofs (installed in 2004, 2016, 2018, and 2019), and all units and buildings remained undamaged by recent storms. The property's convenient location offers tenants easy access to Belleair Bluffs Plaza, Publix, Walgreens, area beaches, and nearby communities like Largo. Most tenants are on month-to-month leases, many of whom have been long-term residents. Tenants are responsible for their own electricity. This property presents significant upside potential through future renovations and is priced to sell "as-is." Showings are strictly by appointment only to respect the privacy of current tenants. The asking price for this prime multifamily investment is $2,821,750.

Highlights

  • 12-unit multifamily complex on a 31,496 SF lot in Belleair Bluffs, FL.
  • Four triplex buildings totaling 12,389 SF (11,297 heated SF), with a mix of 8 two-bedroom and 4 one-bedroom units.
  • Solid block construction, ample parking, and well-maintained landscaping.
  • Three buildings have newer roofs (2004, 2016, 2018, 2019); all units and buildings are undamaged by recent storms.
  • Convenient location near Belleair Bluffs Plaza, Publix, Walgreens, beaches, and Largo. Most tenants are month-to-month, many long-term.
  • Central A/C; tenants pay electricity. Significant upside potential; "as-is" sale. $2,821,750.

Property Details for 187 Bel Forest Dr

Property type
Specialty properties, Land

Location Insight

City
Belleair Bluffs
County
Pinellas
State
Florida
Latitude
27.9152897
Longitude
-82.817396
187 Bel Forest Dr, Belleair Bluffs, Florida

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187 Bel Forest Dr
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