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1227 Sunset Point Road

Clearwater, FL 33755
  • $345,000
  • STATUS: Active
  • ON SITE: 214 Days
  • MLS #: T3472473
Price Reduced
$345,000
  • 5
    BEDS
  • 0.14
    ACRES
  • 3
    BATHS
  • 0
    1/2 BATHS
  • 1,750
    SQFT
  • $197
    $/SQFT
Neighborhood:
Type:
Single-Family Home
Built:
1940
County:
Area:

School Ratings & Info

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 8.34%! 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% 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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© 2024 My Florida Regional MLS DBA Stellar MLS. All rights reserved. All listings displayed pursuant to IDX. All listing information is deemed reliable but not guaranteed and should be independently verified through personal inspection by appropriate professionals. Listings displayed on this website may be subject to prior sale or removal from sale; availability of any listing should always be independently verified. Listing information is provided for consumers personal, non-commercial use, solely to identify potential properties for potential purchase; all other use is strictly prohibited and may violate relevant federal and state law. Data last updated 2024-04-20T19:45:16.807.
www.floridarealestatesellers.com/homes/143526062
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1227 Sunset Point Road Clearwater, FL 33755

  • Price: $345,000
  • Status: Active
  • On Site: 214 Days
  • MLS #: T3472473
5
Beds
3
Baths
0
½ Baths
0.14
Acres
1,750
SQFT
$197
$/SQFT
1940
Built
Neighborhood:
Harbor Vista
County:
Pinellas
Area:
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 8.34%! 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% 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.
Exterior Features

Carport Yn No Construction Materials StuccoWood Frame Direction Faces West Exterior Features Other Foundation Details Slab Lot Size Dimensions 50 x 120 Pool Private Yn No Road Surface Type Other Roof Shingle Water Access Yn No Water Extras Yn No Water View Yn No Waterfront Feet Total 0 Waterfront Yn No

Interior Features

Appliances RangeRefrigerator Building Area Total 2195 Cooling Central Air Cooling YN Yes Fireplace Yn No Flooring LaminateTile Heating Central Heating YN Yes Interior Features Ceiling Fans(s)Eating Space In Kitchen Levels One Sewer Septic Tank Stories Total 1 Water Source Public

Property Features

Additional Lease Restrictions BUYER TO VERIFY ANY SHORT OR LONG TERM LEASE RESTRICTIONS DIRECTLY WITH THE CITY/COUNTY Approval Process BUYER TO VERIFY ANY LEASING APPROVAL PROCESSES DIRECTLY WITH THE CITY/COUNTY. Association Approval Required Yn No Association Yn No Cdd Yn No Days Notice To Tenant If Not Ren 30 days Down Payment Resource Yes Flood Zone Code X Garage Yn No Homestead Yn No Lease Considered YN Yes Lease Restrictions YN Yes Listing Terms CashConventional Minimum Lease 1-2 Years Month To Month Or Weekly Yn Yes New Construction Yn No Ownership Fee Simple Property Sub Type Single Family Residence Realtor Info As-IsCurrently Leased Senior Community Yn No Special Listing Conditions None Tax Annual Amount 2055.73 Total Annual Fees 0 Total Monthly Fees 0 Utilities BB/HS Internet AvailableCable ConnectedElectricity ConnectedPublicWater Connected Yrs Of Owner Prior To Leasing Re No Zoning R-4


Listing information © 2024 My Florida Regional MLS DBA Stellar MLS..
Listing provided courtesy of RICHARD PETERS REALTY LLC: 352-448-9712.



© 2024 My Florida Regional MLS DBA Stellar MLS. All rights reserved. All listings displayed pursuant to IDX. All listing information is deemed reliable but not guaranteed and should be independently verified through personal inspection by appropriate professionals. Listings displayed on this website may be subject to prior sale or removal from sale; availability of any listing should always be independently verified. Listing information is provided for consumers personal, non-commercial use, solely to identify potential properties for potential purchase; all other use is strictly prohibited and may violate relevant federal and state law. Data last updated 2024-04-20T19:45:16.807.
 
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