11.14% Cap Rate, Occupancy rate 92%, Fully Leased Mixed-use commercial/multi-family value add opportunity located in Downtown Tarpon Springs, FL. 4 established retail shops on the first floor and 11 well maintained apartments on second floor. Prime location hard corner lot with both private and public parking. Blocks from the Gulf of Mexico, Craig park and Spring Bayou. Motivated Seller offering property below replacement cost.
Sold for $2,115,000 on 04/17/25
$2,115,000
106 E Tarpon Ave, Tarpon Springs, FL 34689
--beds
0baths
13,612sqft
Multi-Family
Built in 1914
-- sqft lot
$2,072,900 Zestimate®
$155/sqft
$1,617 Estimated rent
Owner options
What's special
Facts & features
Interior
Bedrooms & bathrooms
- Bathrooms: 0
Heating
- Other
Cooling
- Central
Appliances
- Laundry: Outside, Laundry Closet
Features
- Flooring: Carpet
Interior area
- Total interior livable area: 13,612 sqft
Property
Features
- Levels: Two
- Exterior features: Stucco, Cement / Concrete
- Has view: Yes
- View description: None
Lot
- Size: 0.28 Acres
Details
- Parcel number: 122715899820670801
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi-Family
Materials
- masonry
- Foundation: Footing
- Roof: Built-up
Condition
- Year built: 1914
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Public
Community & neighborhood
Location
- Region: Tarpon Springs
Other
Other facts
- Financial Data Source: Owner
- Utilities: Public
- Heating: Electric, Wall Units / Window Unit
- Levels: Two
- Construction Materials: Block
- Cooling: Central Air, Wall/Window Unit(s)
- Total Acreage: 1/4 Acre to 21779 Sq. Ft.
- Property Sub Type: Multi-Family
- Property Type: Residential Income
- Exterior Features: Rain Gutters
- Additional Parcels YN: 0
- Fireplace YN: 0
- Pool Private YN: 0
- Water Access YN: 0
- Water Extras YN: 0
- Waterfront Feet Total: 0
- Waterfront YN: 0
- Water View YN: 0
- Flood Zone Code: X
- Tax Year: 2017
- Flood Zone Date: 2003-09-03T00:00:00.000
- Public Survey Range: 15
- Public Survey Section: 12
- Flood Zone Panel: 12103C0019G
- New Construction YN: 0
- Living Area: 13612.00
- Tax Annual Amount: 12925
- Year Built: 1914
- DPRYN: 0
- Garage YN: 0
- Laundry Features: Outside, Laundry Closet
- Sewer: Public Sewer
- Water Source: Public
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Estimated market value
$2,072,900