Stacey Olive
REALTOR®
BEDS4
BATHS
SQUARE FEET1,375
MLS#TB8532067
STATUSActive
PROPERTY TYPEMulti Unit - Multiple
SUBDIVISIONBELMONT
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.
Property Features
Property Type: Multi Unit - Multiple
Cooling: Wall/Window Unit(s)
Heating: Ductless
Lot Size: 0.16 Acres
Roof Type: Shingle
Stories: 1.0
Taxes: $4,568
Year Built: 1948
Amenities
Ceiling Fans(s)
Primary Bedroom Main Floor
Fence
Private Entrance
Private Yard
Rain Gutters
Feature Descriptions
Annual Net Income: 0.00
Appliances: Dishwasher, Refrigerator
Days on Site: 101
Directions: From US Hwy 19, take Ulmerton Rd west to Clearwater Largo Rd. Turn right (north) onto Clearwater Largo Rd, then turn right (east) onto New York St. Continue to 725 New York St. Property is located on the right-hand side.
Exterior: Cement Siding
Flood Zone Code: X
Flooring: Luxury Vinyl
Foundation: Crawlspace
Home Warranty Y/N: No
Lot Dimensions: 0.16
Other Equipment: Private Entrance, Private Yard
Other Structures: Shed(s)
Ownership: Fee Simple
Patio/Porch: Deck
Property Attached Y/N: No
Property Sub-Type: Triplex
Sewer: Public Sewer
Showing Instructions: Call Listing Agent
Special Sale Provisions: None
Units: 3
Utilities: Electricity Available, Electricity Connected, Public, Sewer Connected, Water - Multiple Meters, Water Connected
Water: Public
Water Access Y/N: No
Windows: Insulated Windows
Zoning: CLR-CRD
Listed By / Shown By
Listed By
Agency Name: COPELAND MORGAN LLC
Agency Contact: 727-235-7988
Shown By
Agent Name: Stacey Olive
Agent Phone: Cell: (440) 371-9126
Agency Title: Key Realty
Estimate Your Payment
Estimated Payment
$ 3,129.14 per month $2,612.27 Principal & Interest $380.67 Property Tax $136.21 Homeowner's InsuranceChange Payment Information
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725 New York St | MLS# TB8532067
This multi-family property located at 725 New York St, Clearwater, FL 33756 is currently listed for sale with an asking price of $467,000. Search Clearwater real estate on www.soldwithstacey.net today.