Clearwater, FL 33755,1481 GROVE ST
Clearwater, FL 33755,1481 GROVE ST
Clearwater, FL 33755,1481 GROVE ST
4
$320,000
$375,000
14.7%
Est.Price: ?

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1 BD
2 BA
1,690 SqFt

1481 GROVE ST Clearwater, FL 33755

Est. payment /mo
SOLD DATE : 10/26/2022

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Key Details

Sold Price $320,000

Property Type Multi-Family

Sub Type Triplex

Listing Status Sold

Purchase Type For Sale

Square Footage 1,690 sqft

Price per Sqft $189

Subdivision Highland Groves

MLS Listing ID T3381130

Sold Date 10/26/22

Bedrooms 1

Construction Status Appraisal,Financing,Inspections

HOA Y/N No

Originating Board Stellar MLS

Year Built 1957

Annual Tax Amount $2,747

Lot Size 6,098 Sqft

Acres 0.14

Property Description

Once in a blue moon you get lucky enough to find a Tri-plex which could be converted to a Quad-plex! Up to 4 units are possible with this investment opportunity. This Tri-Plex has a TWO - 1 bed/1bath units and ONE - 1 bed/1bath studio. All three units have hallways leading to a coin laundry for additional revenue. All three tenants have been strong long-term tenants providing 6.8% Capitalization Rate (Cap Rate). With updated market rental rates and remodeling this could rise to 8.5% with a maximum of 10% Cap Rate! **TENANTS NOT TO BE DISTURBED** A new landlord could keep the current management company and structure and walk into a 6% Cap Rate without much hesitation. Or push the envelope and remodel, get 3 to 4 tenants in, and flip the investment to another. The extreme potential, plenty of parking space, and perfect Clearwater location make this an extremely strong investment option. Contact us today for more information...

Location

State FL

County Pinellas

Community Highland Groves

Interior

Interior Features Master Bedroom Main Floor, Solid Wood Cabinets

Heating Electric

Cooling Central Air, Wall/Window Unit(s)

Fireplace false

Exterior

Exterior Feature Lighting, Sidewalk, Storage

Utilities Available Cable Connected, Electricity Connected, Public, Sewer Connected, Street Lights, Water Connected

Waterfront false

Roof Type Shingle

Attached Garage false

Garage false

Private Pool No

Building

Foundation Slab

Lot Size Range 0 to less than 1/4

Sewer Public Sewer

Water Public

Structure Type Block

New Construction false

Construction Status Appraisal,Financing,Inspections

Others

Senior Community No

Ownership Fee Simple

Acceptable Financing Cash, Conventional, Other

Listing Terms Cash, Conventional, Other

Special Listing Condition None

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Stellar MLS
Listed by NEW ACRE REALTY
Bought with NEW ACRE REALTY

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Catalina & Jaime

Catalina & Jaime

+1(407) 495-2555

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