1227 Sunset Point Road, Clearwater, FL 33755
- $365,000
- 5
- BD
- 3
- BA
- 1,750
- SqFt
- List Price
- $365,000
- Status
- Active
- Days on Market
- 354
- Price Change
- ▲ $50,000 1717548821
- MLS#
- T3472473
- Property Style
- Single Family
- Year Built
- 1940
- Bedrooms
- 5
- Bathrooms
- 3
- Living Area
- 1,750
- Lot Size
- 5,972
- Acres
- 0.14
- Total Acreage
- 0 to less than 1/4
- Legal Subdivision Name
- Harbor Vista
- MLS Area Major
- Clearwater
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% 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.
/u.realgeeks.media/floridaneighborhoodrealty/site/ziro/ziropropertypagephoto20.jpg)
Additional Information
- Taxes
- $2055
- Minimum Lease
- 1-2 Years
- Community Features
- No Deed Restriction
- Property Description
- One Story
- Zoning
- R-4
- Interior Layout
- Ceiling Fans(s), Eat-in Kitchen
- Interior Features
- Ceiling Fans(s), Eat-in Kitchen
- Floor
- Laminate, Tile
- Appliances
- Range, Refrigerator
- Utilities
- BB/HS Internet Available, Cable Connected, Electricity Connected, Public, Water Connected
- Heating
- Central
- Air Conditioning
- Central Air
- Exterior Construction
- Stucco, Wood Frame
- Exterior Features
- Other
- Roof
- Shingle
- Foundation
- Slab
- Pool
- No Pool
- Flood Zone Code
- X
- Parcel ID
- 03-29-15-36666-002-0050
- Legal Description
- HARBOR VISTA BLK B, LOT 5
Mortgage Calculator
Listing courtesy of RICHARD PETERS REALTY LLC.
StellarMLS is the source of this information via Internet Data Exchange Program. 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 consumer 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 on