Residential Property - Single Family Residence in Clearwater
Listing Price: $365,000
Description of Property
*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.
Property Details At A Glance
Property Type: Residential
Property Use or Sub Type: Single Family Residence
City: Clearwater
County: Pinellas
Subdivision: Harbor Vista
Bedrooms: 5
Bathrooms: 3
Sq. Ft. Gross: 2,195
Sq. Ft. Living Area: 1,750
Cost per (heated) sqare foot: $209
Year built: 1940
Annual Tax: $2,056
Taxes and fees can change periodically, and other fees may apply. Please check with your Realtor for more details.
Appliances: Range, Refrigerator
Accessibility Features:
Window Features:
Additional Rooms:
Ceiling Type:
Flooring: Laminate, Tile
Pool & Waterfront Info
Private Pool: Not specified
Pool Features:
Spa Features:
Water Frontage:
Water Access: Not specified
Water Access Type:
Water View:
Exterior & Construction
Architectural Style:
Construction: Stucco, Wood Frame
Foundation: Slab
Roof: Shingle
Exterior Features: Other
Parking Features:
Floors Total: 1
Floors in Unit: One
Cooling: Central Air
Heating & Fuel: Central
Electric:
Patio & Porch Features:
Security Features:
Other Structures:
View:
Fencing:
Utilities:
- BB/HS Internet Available
- Cable Connected
- Electricity Connected
- Public
- Water Connected
Sewer: Septic Tank
Water Source: Public
Community Features:
Association Amenities:
Lot Information
Lot Features:
Lot Size (acres): 0.14
Lot Size (sq. ft.): 5,972 square feet
Lot Dimensions: 50 x 120
Front Exposure: West
Adjoining Property:
Current Adjacent Use:
Legal Description & Other Information
Financing Available: Cash, Conventional
Parcel Number: 032915366660020050
Zoning: R-4
Tax Legal Desc.: HARBOR VISTA BLK B, LOT 5
Disclosures: Other, Seller Property Disclosure
Section: 3
Range: 15
Listing courtesy of RICHARD PETERS REALTY LLC. The information relating to real estate for sale on this website comes in part from the My Florida Regional MLS DBA Stellar MLS. This information is provided exclusively for consumers' personal, non-commercial use. It may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data is deemed reliable but is not guaranteed accurate by the MLS.
