Income-Generating Duplex for Sale in Desirable Largo, FL Investors, take note! Seller is willing to contribute up to 5% of buyer's closing costs. This well-maintained duplex in the heart of Largo, Florida, offers a fantastic opportunity to own a fully-rented property in a quiet, established neighborhood. Both units are currently leased, providing immediate rental income and the potential for long-term cash flow. Property Features: • Fully Rented: Both 2-bedroom, 1-bathroom units are currently leased with reliable tenants, ensuring steady rental income from day one. • Well-Maintained: Both units feature updated flooring, fresh paint, and functional kitchens, making them move-in ready and easy to manage. • Prime Location: Situated in a peaceful residential area, this duplex is close to major roadways, shopping, dining, schools, and just a short drive from the Gulf beaches. • Low Maintenance: With long-term tenants in place, this property offers a low-maintenance investment with minimal turnover and management. • Ample Parking: Each unit has its own parking space, with additional parking available for guests. • Spacious Outdoors: Both units enjoy access to a large backyard, providing plenty of room for outdoor enjoyment. This turnkey duplex is perfect for investors seeking a solid addition to their portfolio, offering consistent income and minimal hassle. The location in Largo, a growing and desirable area, makes it even more appealing for both current and future tenants. Don’t miss this opportunity! Contact us today for more details or to schedule a private showing. Please note: this is one of 2 units for sale by the owner: 1001, and 1005 Lake Palms! Seller would prefer to sell all of her duplexes as a package: TB8324930, TB8324881, TB8324870
For sale
Price increase: $26.1K (5/26)
$475,000
1005 Lake Palms Dr, Largo, FL 33771
5beds
2baths
1,846sqft
Est.:
Duplex, Multi Family
Built in 1973
-- sqft lot
$465,600 Zestimate®
$257/sqft
$-- HOA
What's special
Fresh paintLarge backyardAmple parkingFunctional kitchensUpdated flooringSpacious outdoors
- 203 days
- on Zillow |
- 280 |
- 20 |
Likely to sell faster than
Zillow last checked: 7 hours ago
Listing updated: June 09, 2025 at 06:22pm
Listing Provided by:
Kathryn Larkin 727-709-0378,
CENTURY 21 RE CHAMPIONS 727-398-2774,
Tom Steck 727-641-7771,
CENTURY 21 RE CHAMPIONS
Source: Stellar MLS,MLS#: TB8324881
Originating MLS: Suncoast Tampa

Travel times
Tour with a buyer’s agent
Tour with a buyer’s agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 5
- Bathrooms: 2
Heating
- Central
Cooling
- Central Air
Appliances
- Laundry: Inside, Washer Hookup
Features
- Other
- Has fireplace: No
Interior area
- Total interior livable area: 1,846 sqft
Video & virtual tour
Property
Features
- Exterior features: Other
Lot
- Size: 8,276 Square Feet
Details
- Parcel number: 013015973530000270
- Zoning: RES
- Special conditions: None
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Duplex, Multi Family
Materials
- Block, Other
- Foundation: Slab
- Roof: Shingle
Condition
- Completed
- New construction: No
- Year built: 1973
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Cable Available, Sewer Connected, Water Connected
Community & HOA
Community
- Subdivision: WHITEGATES SUB
HOA
- Has HOA: No
- Pet fee: $0 monthly
Location
- Region: Largo
Financial & listing details
- Price per square foot: $257/sqft
- Tax assessed value: $265,000
- Annual tax amount: $4,015
- Date on market: 11/27/2024
- Listing terms: Cash,Conventional,Other
- Ownership: Fee Simple
- Total actual rent: 0
- Road surface type: Asphalt, Gravel
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