Ignite FB Tracking Pixel1227 Sunset Point Road, Clearwater, FL 33755 - Donna Mancauskas
Donna Mancauskas
Donna Mancauskas, Exit Global RealtyPhone: (321) 228-6907
Email: [email protected]
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listing
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Single FamilyFor Sale
$365,000
1227 Sunset Point Road
Clearwater, FL 33755
Listed by: Richard Peters Realty Llc, (352) 448-9712
MLS: Stellar MLS
5Beds
3Baths
1,750Sq Ft
Est. Mortgage
$1,984/mo

*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 56/100 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.

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Listing provided by Richard Peters Realty Llc
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