1227 Sunset Point Road Clearwater, FL 33755
*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.
- Property TypeSingle Family Home
- NeighborhoodHarbor Vista
- CountyPinellas
- Taxes$2,055
- HOA/Condo/Coop Fees$0
- Days on Site45 Days
- MLS StatusActive
- MLS ID NumberT3472473
- Home Size Source Public Records
- Year Built1940
- Lot Size0.14 Acres
- Full Baths3
- Partial BathsN/A
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General Features
- Construction Stucco
- Sewer Septic Tank
- Number of Stories 1
- Acreage 0.14
- Water Public
- Property Sub Type Single Family Residence
- Utilities Cable ConnectedElectricity ConnectedWater Connected
- Foundation Slab
- Zoning R-4
- Direction Faces West
- Minimum Lease 1-2 Years
- Ownership Fee Simple
- Parcel Number 03-29-15-36666-002-0050
Interior Features
- Cooling Central Air
- Heating Central
- Appliances RangeRefrigerator
- Flooring LaminateTile
- Interior Ceiling Fans(s)Eat-in Kitchen
- Fireplace No
Exterior Features
- Roof Shingle
- Waterfront Property No
- Exterior Other
Community Features
- Township 29
- Senior Community No
- MLS Area 33755 - Clearwater