$365,000
1227 SUNSET POINT RD, CLEARWATER, 33755
1227 SUNSET POINT RD
*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.
Listing Courtesy of
RICHARD PETERS REALTY LLC
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Details
Status
- Active
Area
- HARBOR VISTA
Total Monthly Fees
- None
Construction Materials
- [Stucco, Wood Frame]
Flooring
- [Laminate, Tile]
Cooling
- [Central Air]
Exterior Features
- [Other]
Heating
- [Central]
Interior Features
- [Ceiling Fans(s), Eat-in Kitchen]
Utilities
- [BB/HS Internet Available, Cable Connected, Electricity Connected, Public, Water Connected]
Water Source
- [Public]
Lease Information
- Available For LeaseYes
- Minimun Lease1-2 Years
Compensation Information
- Buyer Agent2.5%
- Transaction Broker2.5%
- Non-Rep2.5%
Location
- CityCLEARWATER
- CountyPinellas
- Major AreaClearwater
- Minor AreaHARBOR VISTA
- Zip Code33755-1456
Construction
- Foundation Details[Slab]
- Levels[One]
- Living Area1,750 Square Feet
- Lot Acres0.14
- Lot Square Feet5,972
- Property TypeSingle Family Residence
- Roof[Shingle]
- Sewer[Septic Tank]
- Year Built1940
- ZoningR-4
Rooms
- Total Bedrooms5
- Full Bathrooms3
- Total Bathrooms3
- Room Count4
Location
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