714 1st Ave SW - Apartments FOR SALE


Largo, FL 33770- Ridgecrest
$390,000 USD
727-330-5813
714 1st Ave SW, Largo, FL for Sale
$390,000 USD
Apartments - FOR SALE
1/18
null | 11.22% Cap Rate

Nov '26


714 1st Ave SW
Largo, FL 33770
Ridgecrest


HIGHLIGHTS

  • Three adaptable units – ideal for residential or commercial use.
  • Fully renovated in 2025 – new roof, insulation, ceilings, doors, windows, electrical & plumbing.
  • Prime downtown Largo location – near City Hall, Central Park, bus station, and major businesses.
  • Close to beaches – only 3.5 miles from Belleair & Clearwater Beach.
  • Storefront unit – perfect for retail, office, or service business.
  • Available for 1031 Exchange.

OVERVIEW

COOPERATION INTENSIVE Seller offers a 3 % intensive to bring t a qualified offer from a legitimate end-buyer which to be paid out of closing proceeds at a successful title transfer. Open house every Saturday 1-3 pm. During the week with realtor by appointment with 48 hours notice. An in-person viewing of the property is required prior to contract submission. Live/Work – or 100% commercial property. Rare 3-unit commercial mixed-use building offering incredible layout flexibility for an owner-user. Ideal for a business owner looking to live and work on-site or use 1 unit for the business and rent out the other 2 units, or occupy 2 units and rent out 1 for additional income .Also great opportunity for investor looking to customize a live-work asset as a long-term rental of 3 units or a 1031 Exchange replacement property. This multi-use 3 units property is located right in the heart of downtown Largo, just minutes from top-rated beaches, major businesses, City Hall, and Central Park. There is a large open space commercial unit 780 sq fr, a studio apartment 300 sq ft and 2 bdr one bath 780 sq ft apartment on the back of the building. The building went through a comprehensive, top-to-bottom renovation in 2025. Full structural roof replacement, brand-new ceilings, and completely updated insulation. Full replacement of all exterior doors and windows throughout the structure. Systems Upgrades: Comprehensive electrical wiring upgrades and brand-new light fixtures installed. All bathroom exhaust vents replaced. Plumbing Updates: All external plumbing pipes fully replaced outside the building. Fresh interior painting, targeted exterior painting, and brand-new property fences installed. Projected performance varies based on use of the property. NO LISTING SOLICITATIONS. The owner is a former realtor managing this transaction directly as an unrepresented For Sale by Owner (FSBO). As IS. Flexible Purchase Options Available: Direct Cash Sale: Optimized for a clean asset transfer at NET $390,000. Traditional mortgage sale price with buyer paying buyer's agent commission fee and seller side of closing cost is increased by amount of buyers agent commission and sellers closing cost.

FOR SALE DETAILS

PRICE

$390,000 USD

PRICE/SF

$207 USD /SF

# OF UNITS

3

PRICE/UNIT

$130,000

CAP RATE

11.22%

% LEASED

-

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

ADD'L SUBTYPES

Storefront Retail/Office, Loft/Creative Space, Office/Residential

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1953

PARKING SPACES

4

LAND DETAILS

LAND ACRES

0.5 AC

LAND SF

21,780 SF

ZONING

Mixed Use

APN/PARCEL ID

34-29-15-37224-002-0090

ASK ABOUT THIS PROPERTY

Natalia SivovaNatalia SivovaMore Info
727-330-5813

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Natalia SivovaNatalia SivovaMore Info
727-330-5813

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.