What is the Asking Price?

The current asking price for this property is $365,000. Please contact me here for further details about this property.

What are the Property's Features?

This home features : 5 beds, 3 baths, 1,750 sqft, 0.14 acres lot, built in 1940, 19 pictures.

Where is the property located?

Property is located at 1227 SUNSET POINT RD, CLEARWATER, FL, US. You can view this listing on our map here .

Clearwater home for sale - 1227 Sunset Point Rd,FL 33755

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1227 SUNSET POINT RD, CLEARWATER, 33755

$365,000
Price changed 06/04/2024 from $315,000, 15.87%
5 Beds, 3 Baths , 1,750 Sq.Ft
County: Pinellas
Subdivision: HARBOR VISTA

Property highlights

MLS#: T3472473
5,972.00 lot size Sq.Ft.
Year built: 1940

Listed: 09/19/2023
Taxes: $2,055.73
Virtual Tour

Property Overview

*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.

Driving directions : From Edgewater State Park: Head south on US-19 ALT S for 200 feet. Turn left onto Sunset Point Rd. Property on right after 0.6 miles.

Property Features

Rooms	Dimension	Description
Kitchen	10x10	First level
Bedroom 1	11x12	First level
Living Room	15x12	First level
Primary Bedroom	12x13	First level

Interior Features

Ceiling Fans(s)
Eat-in Kitchen

Appliances

Range
Refrigerator

Heating

Central

Air Conditioning

Central Air

Floor Covering

Laminate
Tile

Utilities

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

Exterior features

Other

Construction Materials

Stucco
Wood Frame

Road Surface Type

Other

Roof

Shingle

Foundation

Slab

Listing information courtesy of RICHARD PETERS REALTY LLC

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Listing data comes from My Florida Regional MLS.