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Absolutely astounding and exquisite 6plex, 6 units legal multi-family situated in the Downtown Clearwater District at about 5 minutes drive from the famous Clearwater Beach. There are 7 brand new electric meters, and 1 water meter. This Multi-Family was built in 1924 and has an incredible curb appeal, but it has been completely remodeled! The owner did not spare any expenses, and he already went through all the trouble to redo everything right! Go see every single permit that was pulled and closed in public records, the list is quite long!!! The following is a list of upgrades that the property has recently undergone: it has 7 all new electric meters, all new electrical wires, all new panels panels, all new plumbing fixtures, completely new air conditioning systems, a combination of Mini-Splits and central AC systems throughout, no cheap walls ACs. (only one unit has a central Ac that is not new) The roof was replaced in 2018, the back deck is completely new, and also the parking lot driveway has been poured recently. There are 6 units, all 6 units have a brand new kitchen with new quartz countertops, new cabinets, new stainless steel appliances, new tiles floors or refinished beautiful original wood floor, new bathrooms showers, vanities, toilets etc.. This property has been completely remodeled but it maintains the original feel and the 1920's curb appeal. Some units come partially furnished or furnished. You can rent these shorter term furnished (City of Clearwater 1 month minimum), or longer term furnished or unfurnished. Call or text LA for a projected income and expenses. The property is currently vacant but it will be rented. The estimated income of $ 127200 yearly is counted based on all units rented furnished shorter or longer term. All the estimated yearly expenses of $ 48000 include an estimated cost of taxes if it is bought at the current price (pcpao.org), estimated insurance, estimated water bill, estimated electric bill (furnished rentals shorter term could be paid by the owner up to a certain number), estimated lawn maintenance, estimated cable and internet and finally one month vacancy, all of this already included in the estimated expenses. As far as the rental target goes, the idea is to take advantage of the extreme shortage of upscale furnished rentals in the Downtown area. Also considering that pretty much everything has been extensively upgraded and corrected, with high quality materials, it is reasonable to expect not much maintenance cost at all. The monthly furnished estimated rentals income would include water, electric (up to $ 100 monthly) and cable/internet, to allow the tenant a move in ready unit with the least amount of hassle.
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Listing data comes from My Florida Regional MLS DBA Stellar MLS.
Listing information last updated on June 6th, 2020 at 6:45am EDT.