Price Reduced 13.51%
Price History
$399,000
9/19/2023
$422,000
11/2/2023
$399,000
11/2/2023
$397,000
11/27/2023
$367,000
11/29/2023
$399,000
12/7/2023
$389,000
12/11/2023
$420,000
1/11/2024
$389,000
2/7/2024
$360,000
4/1/2024
$345,000
4/4/2024
$335,000
4/29/2024
$315,000
5/30/2024
$365,000
6/4/2024
1227 Sunset Point ROAD, Clearwater, FL, 33755
4 rooms
5 beds
3 Full baths
1940
1,750 sqft
*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.
Status:
Active
Type:
Single-family residential
Subdivision:
HARBOR VISTA
Heating:
Central
Cooling:
Central Air
Levels:
1
Lot Size:
50 x 120
Acreage:
0.14
Est. Taxes:
$2,056
Construction
Stucco, Wood Frame
Utilities
BB/HS Internet Available, Cable Connected, Electricity Connected, Public, Water Connected
Days on Market:
348
Appliances:
Range, Refrigerator
Min Lease Term:
1-2 Years
MLS #:
T3472473
Community Info
School Info
Walk Score
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Listing courtesy of RICHARD PETERS REALTY LLC Phone: 352-448-9712