For Sale: 11-Unit Apartment Complex 218 N Pinellas Ave, Tarpon Springs, FL Investment Summary Fully Rented | $13,400 Monthly Rental Income Net Operating Income (NOI): $115,536 per year Cap Rate: 7.45% (based on $1,550,000 purchase price) Zoned for Multifamily Use No Owner Financing Why This Property is a Good Investment Immediate cash flow – all 11 units are currently rented Turnkey and well maintained – minimal repairs needed Professionally managed – admin fee already included Low operating costs – includes cleaning, gardening, insurance, and property taxes Why Tarpon Springs is a Great Location Tarpon Springs is a unique Florida coastal town, just 30 minutes from Clearwater in the Tampa Bay area. It offers strong rental demand and long-term value. Culture & History Founded in 1876 with strong Greek heritage Known for the historic Sponge Docks and Greek restaurants Downtown features classic architecture and annual cultural events Waterfront Access Located near the Gulf of Mexico Ideal for boating, kayaking, and fishing Close to beaches, parks, and nature trails Great Community for Renters Affordable cost of living Low crime rate and quality schools Popular with families, professionals, and retirees Friendly, small-town feel with local tourism appeal Financial Overview Description: Monthly Rental Income: $13,400 Monthly NOI (after expenses):$9,628 Annual NOI:$115,536 Cap Rate (at $1.55M): 7.45% Investor Info: This is a ready-to-go income-producing property No renovation or tenant sourcing needed Located in a stable, in-demand rental market Long-term upside in a culturally rich and growing area Contact for More Information or a Tour This is a great opportunity for an investor looking for consistent income in a strong Florida market. No Owner Financing Showings by Appointment Only Seller: GRECO ENTERPRISES LLC Phone: 727-698-4945 (Sofia Pons) Property Manager Email: ariamanagementfl@gmail.com