$550,000

About This Property

This is the Pinellas County multifamily property you've been waiting for - Perfect for a 1031 Exchange or a house-hack! 1983-built block triplex with three 2/1 units, ample parking, new roof (2022), newer central HVAC systems (2013, 2018, & 2018), and new exterior paint (2021). All units are currently rented, but all leases will be month to month as of 5/1/23 with an average total rent of over $1250/mo per unit (rent roll and additional details in MLS attachments). Market rent could be substantially higher with some minor improvements (mainly kitchen and bath upgrades), leaving plenty of upside and potential sweat equity for the new owners. All three units are 2/1, approx 650 sq ft each, with tile floors throughout, laundry hookups in each unit. Unit B had new kitchen with granite countertops in 2018. Tenants pay own electric (three meters), landlord pays water/sewer/garbage (one meter), but tenants contribute $75/mo each flat rate towards water bill. Units B & C have fenced yard areas. Property has a Clearwater mailing address, but is actually located inside Largo City limits (minimal restrictions on short term rentals). Listing photos were taken during previous vacancies and some paint colors may have changed.

infoProperty Details

Property Type

Triplex

Year Built

1983

Living Area

2,522 sqft

Lot Size

0.29 acres

Bedrooms

6

Bathrooms

3

Ownership

Fee Simple

Days on Market

10

List Date

chairInterior Features

yardExterior & Lot

Listed By

COPELAND MORGAN LLC

727-235-7988

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