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.
/u.realgeeks.media/evemetlis/Copy_of_LOGO_UPDATE_No_Background.png){kind=logo}
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
Mortgage Calculator
StellarMLS is the source of this information via Internet Data Exchange Program. All listing information is deemed reliable but not guaranteed and should be independently verified through personal inspection by appropriate professionals. Listings displayed on this website may be subject to prior sale or removal from sale. Availability of any listing should always be independently verified. Listing information is provided for consumer personal, non-commercial use, solely to identify potential properties for potential purchase. All other use is strictly prohibited and may violate relevant federal and state law. Data last updated on