$487,000
Active · 1 days on market · MLS# MFRTB8532067
| Bedrooms | 4 |
|---|---|
| Living area | 1,375 sq ft |
| Lot size | 0.16 acres |
| Year built | 1948 |
| Property type | Triplex |
| Private pool | Yes |
| Waterfront | Yes |
| Annual taxes | $4,568 |
| County | Pinellas |
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.
Listing courtesy of Jeremy Dinh, COPELAND MORGAN LLC. Presented by MC Homes Realty Inc · 727432218.