725 New York St, Clearwater, FL 33756
- $487,000
- 4
- BD
- 3
- BA
- 1,375
- SqFt
- List Price
- $487,000
- Status
- Active
- Days on Market
- 4
- MLS#
- TB8532067
- Property Style
- Triplex
- Year Built
- 1948
- Bedrooms
- 4
- Bathrooms
- 3
- Living Area
- 1,375
- Lot Size
- 6,961
- Acres
- 0.16
- Total Acreage
- 0 to less than 1/4
- Legal Subdivision Name
- Belmont Sub 1st Add
- MLS Area Major
- Clearwater/Belleair
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.
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Additional Information
- Taxes
- $4568
- Annual Gross Income
- 53100
- Community Features
- No Deed Restriction
- Property Description
- One Story
- Zoning
- CLR-CRD
- Interior Layout
- Ceiling Fans(s), Primary Bedroom Main Floor
- Interior Features
- Ceiling Fans(s), Primary Bedroom Main Floor
- Floor
- Luxury Vinyl
- Appliances
- Dishwasher, Refrigerator
- Utilities
- Electricity Available, Electricity Connected, Public, Sewer Connected, Water - Multiple Meters, Water Connected
- Heating
- Ductless
- Air Conditioning
- Wall/Window Unit(s)
- Exterior Construction
- Cement Siding
- Exterior Features
- Fence, Private Entrance, Private Yard, Rain Gutters
- Roof
- Shingle
- Foundation
- Crawlspace
- Pool
- No Pool
- Flood Zone Code
- X
- Parcel ID
- 27-29-15-07920-008-0090
- Legal Description
- BELMONT SUB 1ST ADD BLK H, LOTS 9 AND 10
Listing courtesy of COPELAND MORGAN LLC. 727-235-7988
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