About 118 Lake Avenue Se
Back on the market because financing fell through. Duplex in excellent condition. Tenants in #A have been there for approximately 10 years. Tenant in #B was there for 28 years and has just bought a house. That unit is the 3 bedroom 1 bath and is now vacant. Tenant in #A unit was on a yearly lease which was up in Oct. #A is now on a month to month lease. Terrific tenants who would like to stay. Separate water meters, separate electric meters, separate water heaters, separate HVAC, separate washer & dryer hookups. Huge Lot approximately 70X203. Plenty of parking. Freshly painted one story block building with tile floors. 4 Point inspections were done April 24/2024 and are attached in the MLS. Please keep in mind that these are long term tenants and are on discounted rents The rents could easily be raised by $200/Month per unit to market rates or $400 total, for an additional $4800 per year. Pictures of #B were taken before the tenant moved out.
Features of 118 Lake Avenue Se
| MLS® # | TB8499836 |
|---|---|
| Price | $399,000 |
| Bedrooms | 5 |
| Bathrooms | 2.00 |
| Square Footage | 1,718 |
| Acres | 0.32 |
| Year Built | 1973 |
| Type | Residential Income |
| Sub-Type | Duplex |
| Status | Active |
Community Information
| Address | 118 Lake Avenue Se |
|---|---|
| Area | Largo |
| Subdivision | LAKE PALMS SEC 4 |
| City | LARGO |
| County | Pinellas |
| State | FL |
| Zip Code | 33771-2686 |
| Housing for Seniors | No |
Amenities
| Is Waterfront | No |
|---|---|
| Has Pool | No |
Interior
| Interior Features | Eating Space In Kitchen |
|---|---|
| Appliances | Range, Range Hood, Refrigerator |
| Heating | Central, Electric |
| Cooling | Central Air |
| Fireplace | No |
Exterior
| Exterior Features | Private Entrance, Private Mailbox |
|---|---|
| Roof | Shingle |
| Foundation | Slab |
Additional Information
| Date Listed | April 22nd, 2026 |
|---|---|
| Days on Market | 91 |
| Foreclosure | No |
| Short Sale | No |
| RE / Bank Owned | No |
Listing Details
| Agent | Renny Bryden |
|---|---|
| Office | CHARLES RUTENBERG REALTY INC |