1227 SUNSET POINT RD, CLEARWATER, FL, 33755
$395,000
Residential
Bedrooms
5
Bathrooms
3
Living Area
1,750 Sqft
Lot Size
5,972 Sqft
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.
Property Details
Property Features Property Features
MLS ID: MFRT3472473 Year Built: 1940
Appliances: Range, Refrigerator Construction Materials: Stucco, Wood Frame
Cooling: Central Air Country: US
Direction Faces: West Exterior Features: Other
Flooring: Laminate, Tile Foundation Details: Slab
Heating: Central Levels: One
Listing Agreement: Exclusive Right To Sell Listing Terms: Cash, Conventional
Occupant Type: Tenant Possession: Negotiable
Property Sub Type: Single Family Residence Property Type: Residential
Road Surface Type: Other Roof: Shingle
Sewer: Septic Tank Showing Requirements: Call Listing Agent
Special Listing Conditions: None Standard Status: Active
State Or Province: FL Utilities: BB/HS Internet Available, Cable Connected, Electricity Connected, Public, Water Connected
Water Source: Public
Rooms Rooms
Kitchen: 10x10 ft Bedroom 1: 11x12 ft
Living Room: 15x12 ft Primary Bedroom: 12x13 ft
We love to hear from you