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.
Features
: Central
: Central Air
: Other
: Laminate, Tile
: Ceiling Fans(s), Eat-in Kitchen
: Septic Tank
: Public, Cable Connected, Electricity Connected, Water Connected, BB/HS Internet Available
Appliances
: Range, Refrigerator
Address Map
US
FL
Pinellas
Clearwater
HARBOR VISTA
33755
SUNSET POINT
1227
ROAD
W83° 12' 50.1''
N27° 59' 23.3''
West
From Edgewater State Park: Head south on US-19 ALT S for 200 feet. Turn left onto Sunset Point Rd. Property on right after 0.6 miles.
33755 - Clearwater
R-4
Additional Information
50x120
: Public
https://www.propertypanorama.com/instaview/stellar/T3472473
1
315000
2023-09-19
: One
: Slab
: Stucco, Wood Frame
2195
Financial
2055.73
Listing Information
261566768
261597099
Cash,Conventional
Active
2024-09-25T18:51:07Z
Stellar
: None
2024-06-02T20:26:25Z
Residential For Sale
1227 Sunset Point Road, Clearwater, Florida 33755
5 Bedrooms
3 Bathrooms
1,750
$365,000
Listing ID #T3472473
Basic Details
Property Type : Residential
Listing Type : For Sale
Listing ID : T3472473
Price : $365,000
Bedrooms : 5
Bathrooms : 3
Square Footage : 1,750
Year Built : 1940
Lot Area : 0.14 Acre
Full Bathrooms : 3
Property Sub Type : Single Family Residence
Roof : Shingle
Agent info
Contact Agent