Asking Price
$ 395,000Status
Active1227 Sunset Point ROAD
CLEARWATER, FL,33755, HARBOR VISTA
Overview
5 Bedrooms
3 Bathrooms
Garage
1,750 sqft
Year Built: 1940
School Nearby
Description
*Only accepting offers that close after 1 Jan 2025* 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 currently income producing asset with an as-is cap rate of 8.9! Rent them both or live in one and rent the other for truly passive income. 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. Both units occupied month to month. Easy to show. Cons: Roof 23 years old, AC & WH age unknown, but functioning normally. 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 56/100 occupancy. No HOA/CDD. Feel free to soft pitch purchase agreements to listing agent before writing anything up. No assignable contracts accepted. Seller financing possible with a very large downpayment.
Features
Status: Active
Beds: 5
Baths: 3
Square Footage: 1,750 Sq. Ft
HOA Fee: -
Property Type: Single Family Residence
MLS Number: T3472473
Days on Market: 450
Year Built: 1940
Lot Size: 50 x 120
County: Pinellas
Taxes: $2,055.00
Address
1227 Sunset Point ROAD , CLEARWATER ,FL
Listing provided by: RICHARD PETERS REALTY LLC, 352-448-9712
Asking Price
$395,000Status
ActiveSimilar Properties
Based on information submitted to the MLS GRID as of 01/07/2025 18:09. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.