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...
Property Highlights
- Property Type: Multi Family, Triplex
- MLS #: T3381130
| Area |
33755 - Clearwater |
| Carport |
Yes |
| Carport Spaces |
4 |
| Number of Units Total |
3 |
| Property Subtype |
Residential Income |
| Property Type |
Triplex |
| Subdivision |
Highland Groves |
| Taxes |
$2,747 |
| Tenant Pays |
Electricity |
| Utilities |
Cable Available, Cable Connected, Electricity Connected, Sewer Connected, Water Connected |
| Total Baths |
2 |
| Total Beds |
1 |
| Construction Materials |
Block |
| Cooling |
Central Air, Wall/Window Unit(s) |
| Exterior Features |
Lighting, Storage |
| Heating |
Electric |
| Interior Square Footage |
1,690 |
| Lot Size Acres |
0.14 |
| Lot Size Square Feet |
5,998 |
| Roof |
Shingle |
| Sewer |
Public Sewer |
| Water Source |
Public |
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