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Active Income

11916 133RD AVENUE

Largo, FL 33778

STELLAR #TB8483870 Updated: Mar 7, 2026, 8:38am
$4,800,000
48 Beds • 17 Baths • 15,392 SqFt
Property
ActiveIncome
1/15
$4,800,000

11916 133RD AVENUE

Largo, FL 33778
48
Beds
17
Baths
15,392
SqFt
0.21
Acres
STELLAR
#TB8483870
Updated: Mar 7, 2026, 8:38am

Property Description

Largo Legacy Townhomes represents a rare convergence of turnkey condition, strong cash flow, and meaningful upside in one of Florida's most resilient rental markets. With over $1,000,000 in completed capital improvements, a buyer acquires a like-new, 17-unit all-block asset with no deferred maintenance, no near-term capital requirements, and an income stream that begins on day one. The property is priced to reflect its renovated condition while still offering compelling returns relative to the broader market.

The investment thesis is straightforward: a stabilizing, cash-flowing asset in supply-constrained Pinellas County with a rare 3-bedroom unit mix, separately metered utilities, and a clear path to NOI growth through lease-up completion and conservative annual rent increases. For investors seeking a high-quality, low-maintenance multifamily asset in the Tampa Bay market, this offering warrants serious consideration.
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Property Details

Interior
Cooling
Central Air
Heating
Central
Interior Features
Kitchen/Family Room ComboOpen FloorplanSolid Surface CountersSolid Wood CabinetsThermostat
Laundry Features
Outside
Living Area
15392
Construction
Building Area Units
Square Feet
Construction Materials
Block
Foundation Details
Block
Living Area Source
Public Records
Living Area Units
Square Feet
Number Of Units Total
17
Property Condition
Completed
Roof
Membrane
Year Built
1964
Site & Exterior
Exterior Features
Sidewalk
Flood Zone Code
X
I D X Participation
Yes
Lot Size Acres
0.21
Lot Size Area
9030
Lot Size Dimensions
70 x 130
Lot Size Square Feet
9030
Lot Size Units
Square Feet
Number Of Lots
4
Public Survey Range
15
Public Survey Section
09
Road Surface Type
Asphalt
Sewer
Public Sewer
Total Acreage
1/2 to less than 1
Utilities
Electricity ConnectedPublicWater - Multiple MetersWater Connected
Water Source
Public
Zoning
RM-15
Financials
Additional Parcels
Yes
Additional Parcels Description
09-30-15-74808-004-0230, 09-30-15-74808-004-0210, 09-30-15-74808-004-0200
Calculated List Price By Calculated Sq Ft
311.85
Contract Status Change Date
2026-03-06
Current Price
4800000
Feed Types
BBO
Owner Name
M D PROPERTIES GROUP 1 LLC
Ownership
Fee Simple
Parcel Number
093015748080040240
Public Survey Township
30
Tax Annual Amount
7696.46
Tax Block
D
Tax Book Number
57-90
Tax Legal Description
RIDGECREST ACRES UNIT 3 BLK D, LOT 24
Tax Lot
24
Tax Year
2025

Neighborhood & Lifestyle

Community & Association
M L S Area Major
33778 - Largo/Seminole
Subdivision Name
RIDGECREST ACRES
Listing provided courtesy of STELLAR via IDX. Updated: Mar 7, 2026, 8:38am.
John Pereira

Listing Agent

IMPERIO REAL ESTATE

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