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1231 Illinois Ave
Palm Harbor, FL 34683 Palm Harbor

$590,000 USD

Apartments For Sale  •  2,500 SF

Property Details

  • Property Type Apartments
  • Total Building Size 2,500 SF
  • Lot Size 0.26 AC
  • Building Class C
  • Year Built 1985
  • Cap Rate 8.00 %
  • Zoning C-3, County
30 Transit Score
60 Walk Score

Highlights

Downtown Palm Harbor location within walking distance to retail, dining, and waterfront parks.
Recent roof replacement in 2025 supports low ongoing maintenance costs.
Two 3BR/2BA units with separate garages, providing strong tenant appeal.
One fully renovated unit is ready for immediate lease-up at market rates.
Near Pinellas Trail, marinas, and major road access for regional connectivity.
Situated in a sought-after area with steady rental demand and stable tenant base.
Cap Rate: 8.00 %

Amenities

  • Air Conditioning
  • Dishwasher
  • Disposal
  • Microwave
  • Storage Space
  • Washer/Dryer Hookup
  • Ceiling Fans
  • Tile Floors
  • Eat-in Kitchen
  • Kitchen
  • Hardwood Floors
  • High Speed Internet Access
  • Refrigerator
  • Stainless Steel Appliances
  • Range
  • Tub/Shower
  • Sunroom
  • Yard
  • Family Room
  • Island Kitchen
  • Lawn
  • Linen Closet
  • Patio
  • Porch
  • Vinyl Flooring
  • Workshop
  • Large Bedrooms
  • Private Bathroom
  • Smoke Detector
  • Quartz Countertops

Public Transportation

AirportDriveWalkDistance
St Pete-Clearwater International 25 min - 15.3 mi
Tampa International 35 min - 19.0 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 6
Type: Surface
Included in Rent: Yes
Mark Longenecker 727-846-3025 FHR Commercial Realty
Mark Longenecker 727-846-3025 FHR Commercial Realty