Clearwater, FL 33755,1227 SUNSET POINT RD
Clearwater, FL 33755,1227 SUNSET POINT RD
Clearwater, FL 33755,1227 SUNSET POINT RD
Clearwater, FL 33755,1227 SUNSET POINT RD
Clearwater, FL 33755,1227 SUNSET POINT RD
Clearwater, FL 33755,1227 SUNSET POINT RD
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$ 365,000
Est. payment | /mo

5 Beds

3 Baths

1,750 SqFt


$ 365,000
Est. payment | /mo

5 Beds

3 Baths

1,750 SqFt

Key Details

Property Type Single Family Home

Sub Type Single Family Residence

Listing Status Active

Purchase Type For Sale

Square Footage 1,750 sqft

Price per Sqft $208

Subdivision Harbor Vista

MLS Listing ID T3472473

Bedrooms 5

Full Baths 3

HOA Y/N No

Originating Board Stellar MLS

Year Built 1940

Annual Tax Amount $2,055

Lot Size 6,098 Sqft

Acres 0.14

Lot Dimensions 50x120

Property Description

*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.

Location

State FL

County Pinellas

Community Harbor Vista

Zoning R-4

Interior

Interior Features Ceiling Fans(s), Eat-in Kitchen

Heating Central

Cooling Central Air

Flooring Laminate, Tile

Fireplace false

Appliance Range, Refrigerator

Exterior

Exterior Feature Other

Utilities Available BB/HS Internet Available, Cable Connected, Electricity Connected, Public, Water Connected

Roof Type Shingle

Garage false

Private Pool No

Building

Story 1

Entry Level One

Foundation Slab

Lot Size Range 0 to less than 1/4

Sewer Septic Tank

Water Public

Structure Type Stucco,Wood Frame

New Construction false

Others

Senior Community No

Ownership Fee Simple

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Special Listing Condition None

Stellar MLS
Listed by RICHARD PETERS REALTY LLC

Learn More About LPT Realty

Rafael Miranda Vazquez

REALTOR | License ID: SL3597396

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1227 SUNSET POINT RD