725 NEW YORK ST, CLEARWATER, FL, 33756
$487,000
Residential Income
Bedrooms
4
Bathrooms
3
Living Area
1,375 Sqft
Lot Size
6,961 Sqft
Exceptional investment opportunity with immediate upside and located just minutes from the gulf beaches! This fully leased triplex is currently generating $4,425 each month with the opportunity to increase rental income immediately. A new roof was installed in 2023 on the 1/1 building. In addition to the existing income upside, the two 1/1 units provide an excellent value-add opportunity with cosmetic updates that can further increase rents and overall property value. The property features one updated 2/1 unit (rented below market at 1,500 but could rent for 1,600) and two 1/1 units (rented at 1,425 and 1,500), offering an ideal opportunity for both seasoned investors and buyers looking to house hack/ live in one unit while the rental income from the other two helps offset their mortgage and living expenses. The updated 2/1 unit features newer windows, appliances, and flooring providing a move-in-ready option. The 2/1 unit will be vacant upon closing.Whether you're looking to expand your investment portfolio or purchase your first income-producing property, this triplex offers immediate cash flow, multiple avenues for increased returns, or the opportunity to significantly reduce your housing costs by living on-site.
Property Details
Property Features Property Features
MLS ID: MFRTB8532067 Year Built: 1948
Appliances: Dishwasher, Refrigerator Construction Materials: Cement Siding
Cooling: Wall/Window Unit(s) Country: US
County Or Parish: Pinellas Exterior Features: Fence, Private Entrance, Private Yard, Rain Gutters
Financial Data Source: Owner Flooring: Luxury Vinyl
Foundation Details: Crawlspace Furnished: Negotiable
Heating: Ductless Laundry Features: None
Levels: One Listing Agreement: Exclusive Agency
Occupant Type: Tenant Other Equipment: Private Entrance, Private Yard
Other Structures: Shed(s) Patio And Porch Features: Deck
Property Sub Type: Triplex Property Type: Residential Income
Road Responsibility: Public Maintained Road Road Surface Type: Asphalt, Concrete
Roof: Shingle Sewer: Public Sewer
Showing Requirements: Call Listing Agent Special Listing Conditions: None
Standard Status: Active State Or Province: FL
Tenant Pays: Electricity, Water Utilities: Electricity Available, Electricity Connected, Public, Sewer Connected, Water - Multiple Meters, Water Connected
Water Source: Public Window Features: Insulated Windows
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