📍 Property Details
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Address: 10554 116th Ave, Largo, FL 33773
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Bedrooms/Bathrooms: 4 Beds | 2 Baths
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Living Area: 1,127 sq ft
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Year Built: 1956
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Construction: Concrete block, slab foundation
💰 Financial Breakdown
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Purchase Price: $223,000
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Estimated Rehab (rental-grade): $35,000
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Projected Rent: $2,400–$2,600/month
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After Repair Value (ARV): $350,000
🔑 Highlights
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Smashes the 1% Rule
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Three spacious bedrooms plus a smaller bonus room (office/nursery)
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Vaulted ceilings in the rear living space
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Efficient layout; ideal for light cosmetic upgrades
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Block construction with strong comps nearby
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High rental demand in this area of Largo
- Roof and A/C will need to be replaced, but we’ve already factored these costs into the $35,000–$40,000 rehab estimate, so no unexpected expenses.
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Meet our Team of Experts!
My team and I bring over 20 years of real estate experience, with deep roots in Florida’s investment scene. As a licensed MLO, I’ve helped close millions in loans and investor acquisitions. We’ve built strong relationships with wholesalers, probate attorneys, and sellers to source real deals—not just listings. My goal is simple: align your investments with your vision and deliver results that exceed expectations. Connect with Cody at https://graystoneig.com/cody
Hi, I’m Lisa-Kaye Price, Real Estate Lending Specialist at Graystone Investment Group. With 20 years of experience as both a licensed Realtor® and Mortgage Loan Originator, I specialize in helping investors secure smart financing for powerful real estate moves. Let’s connect and talk strategy! Connect with Lisa at https://graystoneig.com/lisa-kaye-price
Jay Michalec is the COO of Graystone Investment Group and a proud U.S. Army veteran. With 25 years in hospitality, Jay brings leadership, service, and operational excellence to real estate. He’s known for keeping things running smoothly and supporting both the team and clients every step of the way. 📅 Connect with Jay: https://graystoneig.com/jay
