1227 Sunset Point Road, Clearwater, FL 33755
- $410,000
- 5
- BD
- 3
- BA
- 1,750
- SqFt
- List Price
- $410,000
- Status
- Active
- Days on Market
- 8
- Price Change
- ▼ $10,000 1695671649
- MLS#
- T3472473
- Monthly Rent
- 2900
- Property Style
- Single Family
- Year Built
- 1940
- Bedrooms
- 5
- Bathrooms
- 3
- Living Area
- 1,750
- Lot Size
- 5,972
- Acres
- 0.14
- Total Acreage
- 0 to less than 1/4
- Legal Subdivision Name
- Harbor Vista
- MLS Area Major
- Clearwater
Property Description
Rare investor special in the coveted Brentwood Estates! Two standalone properties for the price of one. The landlord’s early retirement offers you the unique chance to snatch up this turnkey, income producing asset with an as-is cap rate of 7.46%! Owner is motivated though and will consider all offers. Rent both move in ready units out as a duplex, or live in the cozy 3-bedroom, 2-full bathroom, plus den main home and rent out the separate 2/1 detached back home for endless passive income. Both properties have been professionally maintained, with service records available. Currently zoned for multi-family. Cons: Roof 23 years old, AC & WH age unknown, but functioning normally. Both units occupied until 1 November 2023. Investor notes: Flip potential: $585k ARV, with new roof, modernized kitchens and open floor plan. Estimated 60-90k in upgrades. Current LTR rental gross: 2900 /mo. Market rent without rehab estimate: $3,600 /mo, with only light nearby competition. STR estimate both units combined: $53.4k yrly gross, at 262 /night (discounted for 31 day plus rental mins), with only 56% occupancy. No HOA/CDD. Feel free to soft pitch offers to listing agent before writing anything up. No assignable contracts accepted. Seller financing possible with a very large downpayment.
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Additional Information
- Taxes
- $2055
- Minimum Lease
- 1-2 Years
- End Of Lease
- 2023-11-01 00:00:00
- Community Features
- No Deed Restriction
- Zoning
- R-4
- Interior Layout
- Ceiling Fans(s), Eat-in Kitchen
- Interior Features
- Ceiling Fans(s), Eat-in Kitchen
- Floor
- Laminate, Tile
- Appliances
- Range, Refrigerator
- Utilities
- BB/HS Internet Available, Cable Connected, Electricity Connected, Public, Water Connected
- Heating
- Central
- Air Conditioning
- Central Air
- Sewer
- Septic Tank
- Exterior Construction
- Stucco, Wood Frame
- Exterior Features
- Other
- Roof
- Shingle
- Foundation
- Slab
- Pool
- No Pool
- Flood Zone Code
- X
- Parcel ID
- 03-29-15-36666-002-0050
- Legal Description
- HARBOR VISTA BLK B, LOT 5
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Listing courtesy of CHARLES RUTENBERG REALTY INC.
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