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Just several blocks walk to dowtown Clearwater .The owner of the property has had all units gutted and renovated with new bathrooms, new kitchens , new flooring throughout, all new roofs, new a/c systems, new front porch renovated in front house . All 3 buildings have been tented for termite pest control with new siding installed.Driveway and parking area has just been evenly paved with sea shell gravel. There were 4 new water heaters recently installed, new electric panels and updated rewiring to meet code. Attractive units that are move in ready for tenants .Property is in downtown Clearwater area close to beaches.Projected net income= $47,797 approximately at sale price of $477,900 based on current property taxes. = about a 10% cap rate. Property sold As Is.Seller just leased 2nd floor 1 Bdr unit in rear building for $950 per month with tenant paying own power.The just leased unit helps to confirm the projected income for the property.More units will be leased shortly I was informed by seller.
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Listing data comes from My Florida Regional MLS DBA Stellar MLS.
Listing information last updated on August 19th, 2019 at 2:15am EDT.