1227 Sunset Point Rd
Clearwater, Florida, 33755, United States
1,750 ft²
0.14 acres
5 beds
3 baths
Property Provided By
- Richard Peters
- RICHARD PETERS REALTY LLC
- +1 (352) 448-9712
Connect with local buyer agents who are willing to offer commission savings!
Property Information
*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.
Directions
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.
Source Disclaimer
Listing Information © 2024 Stellar MLS. All Rights Reserved.
Courtesy of RICHARD PETERS REALTY LLC authorrapeters@gmail.com
IDX information is provided exclusively for consumers' personal non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, that the data is deemed reliable but is not guaranteed by MLS GRID, and that the use of the MLS GRID Data may be subject to an end user license agreement prescribed by the Member Participant's applicable MLS if any and as amended from time to time.
Based on information submitted to the MLS GRID as of 2024-09-04 17:01:52. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
Property Provided By
- Richard Peters
- RICHARD PETERS REALTY LLC
- +1 (352) 448-9712
Connect with local buyer agents who are willing to offer commission savings!
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