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Kaylyn Howard

khoward@eragrizzard.com +1(352) 272-3437

$ 487,000

Est. payment | -/mo

4 Beds

3 Baths

1,375 SqFt

Save

$ 487,000

Est. payment | -/mo

Save

4 Beds

3 Baths

1,375 SqFt

Key Details

Property Type Multi-Family

Sub Type Triplex

Listing Status Active

Purchase Type For Sale

Square Footage 1,375 sqft

Price per Sqft $354

Subdivision Belmont Sub 1St Add

MLS Listing ID TB8532067

Bedrooms 4

HOA Y/N No

Year Built 1948

Annual Tax Amount $4,568

Lot Size 6,969 Sqft

Acres 0.16

Property Sub-Type Triplex

Source Stellar MLS

Property Description

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.

Location

State FL

County Pinellas

Community Belmont Sub 1St Add

Area 33756 - Clearwater/Belleair

Zoning CLR-CRD

Interior

Interior Features Ceiling Fans(s), Primary Bedroom Main Floor

Heating Ductless

Cooling Wall/Window Unit(s)

Flooring Luxury Vinyl

Furnishings Negotiable

Fireplace false

Appliance Dishwasher, Refrigerator

Laundry None

Exterior

Exterior Feature Fence, Private Entrance, Private Yard, Rain Gutters

Utilities Available Electricity Available, Electricity Connected, Public, Sewer Connected, Water - Multiple Meters, Water Connected

Water Access No

Roof Type Shingle

Porch Deck

Garage false

Private Pool No

Building

Entry Level One

Foundation Crawlspace

Lot Size Range 0 to less than 1/4

Sewer Public Sewer

Water Public

Structure Type Cement Siding

New Construction false

Others

Senior Community No

Ownership Fee Simple

Special Listing Condition None

Listed by Jeremy Dinh COPELAND MORGAN LLC

Nearby Locations

GET MORE INFORMATION

Kaylyn Howard

REALTOR® | Lic# 3309194

khoward@eragrizzard.com

+1(352) 272-3437

840 Cr 466, Lady Lake, FL 32159

725 NEW YORK ST Clearwater, FL 33756

Kaylyn Howard

Key Details

Location

Interior

Exterior

Building

Others

725 NEW YORK ST