$350,000
Pending · 44 days on market · MLS# MFRTB8418335
| Bedrooms | 6 |
|---|---|
| Living area | 2,260 sq ft |
| Lot size | 0.11 acres |
| Year built | 1959 |
| Property type | Triplex |
| Garage spaces | 2 |
| Private pool | Yes |
| Waterfront | Yes |
| Annual taxes | $3,235 |
| County | Pinellas |
Under contract-accepting backup offers. Incredible investment opportunity! Being offered for TWO MORE WEEKS ONLY or the sellers will move forward with the project themselves. Value-add triplex located in an Opportunity Zone and a HUB zone with CRT-1 zoning and NTM-1 overlay meaning tons of use options and increased density along with amazing tax efficiencies. All three units are 2BR/1BA units. Additionally. the property is BLOCK construction, NON-flood zone, and comes with a 2 car garage. The remodel is already in progress with STAMPED plans! Remodel cost of $244,700 with a general contractor ready to start right away. Current affordable rent for 2BR units in 33705 is $2,343/month, meaning this property could generate around $85,000 in income per year and almost half of the remodel cost would be covered through the grant program. Call today and seize one of the most lucrative multifamily opportunities!
Listing courtesy of Zach Steinberger, COMPASS FLORIDA LLC. Presented by MC Homes Realty Inc · 727432218.