3434 Harbor Lake Drive, Largo, FL 33770

Description

LARGE COASTAL DUPLEX NEAR THE COAST IN PINELLAS COUNTY, FL. (ZIP-33770). THIS GREAT INVESTMENT OPPORTUNITY IS STRATEGICALLY TO THE SOUTH OF WEST BAY DR AND TO BELLEAIR CSWY (TO THE BEACH) TO THE NORTH AND JUST TO THE NORTH OF WALSINGHAM RD AND THE "I. R." BRIDGE (TO THE BEACH) TO THE SOUTH. CLOSE TO THE INTRACOSTAL WATERS BUT "NOT" IN A FLOOD ZONE! PUBLIC BOAT RAMPS AND WATER ACCESS AT NEARBY CSWY. BE THE "3RD" OWNER OF THIS EXTRAORDINARILY LARGE DUPLEX ON AN EVEN LARGER LOT. LARGE BACKYARDS, LARGE SIDE YARD (WEST) FOR BOAT OR RV STORAGE. RV OUTLET (50 AMPS) INSTALLED ON THE WEST EXTERIOR WALL. THIS PROPERTY HAS ALWAYS BEEN A"HOMESTEAD," THUS, MAINTAINING LOWER TAXES, AND IDEAL FOR THE NEXT OWNER/OCCUPANT TO "LIVE IN" AND APPLY "PORTABILITY" ON 54% OF "THE PROPERTY. " LARGE, BEAUTIFUL UNITS, GREAT TENANT, AND UPSIDE! RARELY A DUPLEX W/ THIS SIZE LOT. CBS CONSTRUCTION, GOOD ROOF, LARGE ENCLOSED GARAGE (2) FOR EACH UNIT. GARAGE (AUTO-OVERHEAD DOORS) LOCATIONS ARE "CENTRAL" AND PROVIDE NOISE REDUCTION AND PRIVACY. EACH UNIT HAS A FRONT PORCH AND A BACK PORCH. WASHER AND DRYER CONVEY IN 3434 UNIT, AND TENANT OWNS THEIR WASHER AND DRYER. OWNER/3434 UNIT INCLUDES ABOVE-GROUND POOL AND SPA (SEE PHOTOS). FINANCIAL ANALYSIS: OWNER OCCUPANCY W/ "HOMESTEAD" AND MKT RENT POST SALE: $57,600 GROSS, - V&C ($1,440) = EGI ($56,160) LESS OE ($14,925) = NOI ($41,235) = 6.56% CAP RATE. AS 100% LEASED AT MKT RENT: $57,600 GROSS, - V&C ($1,440) = EGI ($56,160) LESS OE ($16,159) = NOI ($40,001) = 6.36% CAP RATE. THIS IS A WINNER FOR THE 100% INVESTOR OR OWNER OCCUPANCY AND LOWER TAXES VIA HOMESTEAD AND PORTABILITY ON A PORTION OF THE PROPERTY.

Listed by Scott Nappier, .