Active

$699,990

Features:
  • 7 Bedrooms
  • 3 Bathrooms
  • 2512 sq ft
Overview
  • ID: MFRTB8538782
  • Bedrooms: 7
  • Bathrooms: 3
  • Size: 2512 sq ft
Property Details
Remarks
INVESTOR SPECIAL — fully remodeled TRIPLEX plus rentable RV pad on an oversized 0.37-acre double lot in unincorporated Pinellas County: no HOA, and short-term rentals ARE permitted. Income starts the day you close — an occupied unit paying $1,850/month plus the seller's offered 12-month leaseback at $1,550/month puts $3,400/month in place at closing, before a single new lease is signed. The rest of the upside is yours to switch on: the recently vacant 2/1 (last rented July-2027 for $1,700) is rent-ready against a $2,020 HUD Fair Market Rent, the occupied unit sits 28% below its $2,580 FMR, and the RV pad adds about $900/month once simple power and water hookups are completed. Fully leased, scheduled rents reach about $7,050/month ($84,600/year) — pro forma NOI of approximately $61,600/year, an 8.8% cap rate at list price. The heavy lifting is done: roof 2018 and solar 2021, both permitted on public record, plus fully remodeled interiors — tile floors, updated kitchens with granite island, updated baths — across two concrete-block buildings, 2,512 heated SF. Three self-contained units (a 2BR plus bonus room where one closet creates a legal third bedroom, and two 2/1s), each with central A/C and separately metered water and electric — tenants pay their own utilities. Total remaining scope roughly $0–10K: add the closet and barn door that finish the bonus room as a true third bedroom — making that unit a genuine 3/1 — and complete the simple power and water hookups for the RV pad. Minutes from US-19, St. Pete–Clearwater International Airport, downtown Clearwater, and the Gulf beaches, with deep rental demand across every strategy: buy-and-hold, DSCR buyers, house-hackers living in one unit while the others pay the mortgage, short-term rental operators, or 1031 exchange. Some exterior photos were taken prior to the 2021 solar panel installation.
Financial Considerations
Price:
$699,990
HOA Fee:
N/A
Tax Amount:
$5866.19
Price per SqFt:
$278.66
Tax Legal Description:
MUNDAY'S ADD TO FOUR PINES BLK 7, LOTS 5 AND 16
Exterior Features
Lot Size:
16017
Lot Features:
N/A
Waterfront:
No
Parking Spaces:
N/A
Parking:
Parking Pad, RV Access/Parking
Roof:
Shingle
Pool:
No
Pool Features:
N/A
Interior Features
Bedrooms:
7
Bathrooms:
3
Heating:
Central
Cooling:
Central Air
Appliances:
N/A
Furnished:
Yes
Floor:
Luxury Vinyl, Tile
Levels:
One
Additional Features
Property Sub Type:
Triplex
Style:
N/A
Year Built:
1956
Construction Type:
Stucco
Garage Spaces:
No
Covered Spaces:
N/A
Direction Faces:
N/A
Pets Allowed:
Yes
Special Condition:
None
Additional Features:
Fence, Private Mailbox, Private Yard, RV Hookup, Sidewalk
Additional Features 2:
N/A
Map
  • Address
    15501 61ST ST N
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