1227 Sunset Point Road, CLEARWATER, FL

$335,000

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5

Beds

3

Baths

1,750

Square feet

0.14

Acres

About 1227 Sunset Point Road

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.

Features of 1227 Sunset Point Road

MLS® # T3472473
Price $335,000
Bedrooms 5
Bathrooms 3.00
Full Baths 3
Square Footage 1,750
Acres 0.14
Year Built 1940
Type Residential
Sub-Type Single Family Residence
Status Active

Community Information

Address 1227 Sunset Point Road
Area Clearwater
Subdivision HARBOR VISTA
City CLEARWATER
County Pinellas
State FL
Zip Code 33755

Amenities

Is Waterfront No
Has Pool No

Interior

Interior Features Ceiling Fans(s), Eat-in Kitchen
Appliances Range, Refrigerator
Heating Central
Cooling Central Air
Fireplace No
# of Stories 1

Exterior

Exterior Features Other
Roof Shingle
Foundation Slab

Additional Information

Date Listed September 19th, 2023
Days on Market 219
Zoning R-4
Foreclosure No
Short Sale No
RE / Bank Owned No

Listing Details

OfficeRICHARD PETERS REALTY LLC

Listing Map

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