1227 SUNSET POINT RD Active Save Request In-Person Tour Request Virtual Tour
Clearwater,FL 33755
Key Details
Property Type Single Family Home
Sub Type Single Family Residence
Listing Status Active
Purchase Type For Sale
Square Footage 1,750 sqft
Price per Sqft $208
Subdivision Harbor Vista
MLS Listing ID T3472473
Bedrooms 5
Full Baths 3
Year Built 1940
Annual Tax Amount $2,055
Lot Size 6,098 Sqft
Property 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.
Location
State FL
County Pinellas
Community Harbor Vista
Zoning R-4
Interior
Heating Central
Cooling Central Air
Flooring Laminate,Tile
Exterior
Exterior Feature Other
Utilities Available BB/HS Internet Available,Cable Connected,Electricity Connected,Public,Water Connected
Waterfront false
Roof Type Shingle
Building
Story 1
Foundation Slab
Sewer Septic Tank
Water Public
Structure Type Stucco,Wood Frame
New Construction false
Others
Acceptable Financing Cash,Conventional
Listing Terms Cash,Conventional
Special Listing Condition None