$675,000

1475 Grove Street

CLEARWATER FL, 33755

Description

Attention Investors~Incredible opportunity to own cash-flowing property 90% renovated and 100% occupied ~ This 6 unit, turn-key, investment property is 100% occupied and churning $$62k/year! 5 of 6 units have been updated with ceramic tile, new bathrooms and kitchens, with granite counter-tops and all wood cabinetry. The building iis freshly painted. All units have screen porches and central AC. Only unit 106 (upstairs 2/1)has not been updated. It is currently rented for $950 through 2/20. The updated 2/1 below it rents for $1000/mo..Once updated, #106 should go $1100/mo as it is top floor unit. the 4 - 1 bedroom units rent for $800/$850. At the current price and current rents the property will return $42K-$48k net annual income with potential to go up.

Details

MLS#U8049019
Sub-TypeResale
StatusActive
Year1971
Days On Site94

Features

SQ Feet4,384
Units1
Building(s)1

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Area Information

StateFL
CountyPinellas
CityCLEARWATER
Zip Code33755
Area33755 - Clearwater
Listing VS Median (in 33755)
Price:
$675,000
low | high
Med:
$199,900
100% of Average
SqFt:
4,384
low | high
Med:
1,812
100% of Average
$ / SqFt:
$154
low | high
Med:
$111
78.079257515327% of Average
On Site:
94
low | high
Med:
98.5
95.431472081218% of Average
Listing Updated: 09/14/2019
MLS Number: U8049019
Listing Provided By:
Shawn Dunn  of  TOTAL REALTY SERVICES INC

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