$750,000
$793,000
5.4%For more information regarding the value of a property, please contact us for a free consultation.
3,491 SqFt
SOLD DATE : 12/05/2022
Key Details
Sold Price $750,000
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Sold
Purchase Type For Sale
Square Footage 3,491 sqft
Price per Sqft $214
Subdivision Skycrest
MLS Listing ID U8156746
Sold Date 12/05/22
HOA Y/N No
Originating Board Stellar MLS
Year Built 1951
Annual Tax Amount $5,919
Lot Size 0.270 Acres
Acres 0.27
Lot Dimensions 86x135
Property Description
BACK ON THE MARKET! Seller chose to do some updating. Flat Roof just done 10/2022 tapered to slope, last HVAC needing updating was done, Electrical panels updated , other updates done as well. INCREDIBLE rental income property opportunity in the heart of Clearwater. Excellent location. Short distance to local parks, restaurants, schools, shopping, downtown area and only a few miles drive to the beach. All tenants have been long term renters ranging from 10 years to 25 years straight. Leases recently expired , and no renewals have been issued so that new owner has options ( units are on a month-to-month basis) Seller has kept rent low with minimal rent increases due to good relationship with long term tenants. Each unit has 2 assigned parking spaces. All units are separately metered for both water and electric.Each tenant pays for their own utilities. Irrigation- reclaimed water. Roof was replaced in 2017 ad 2022 with Architectural Shingles and Bitumen. Exterior and interior of units have been painted recently. All 4 water heaters replaced 2018-2022. All 4 HVAC systems replaced 2021-2022. The 3 bigger units have an outside 8x8 storage unit space. Electrical panels recently updated and/or replaced. Unit include 3/1, 2/1 + Den with a closet , 2/1 + Den and closet , 2/1. All current rents are significantly bellow market . Current market rent estimates car range from $6,600- $7,400- however, buyer should do their own due deligence.
Location
State FL
County Pinellas
Community Skycrest
Interior
Interior Features Kitchen/Family Room Combo, Living Room/Dining Room Combo
Heating Central
Cooling Central Air
Fireplace false
Exterior
Exterior Feature Irrigation System, Sidewalk
Utilities Available Electricity Connected, Public, Sewer Connected, Sprinkler Recycled, Street Lights, Water - Multiple Meters
Waterfront false
Roof Type Shingle
Garage false
Private Pool No
Building
Foundation Slab
Lot Size Range 1/4 to less than 1/2
Sewer Public Sewer
Water Public
Structure Type Stucco
New Construction false
Others
Senior Community No
Ownership Fee Simple
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Special Listing Condition None
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