810 Belleair Road, CLEARWATER

$1,700,000

Active

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0 Beds
0 Baths
0 Sqft
.49 Acres
0 Garages

BACK ON THE MARKET (Buyers financing didn't go through.) This is a ONCE IN A LIFETIME INVESTMENT OPPORTUNITY with a 9% Pro Forma CAP RATE and 100% OCCUPANCY and only 22% operating expenses! Sound too good to be true? It's not!!!! Two rental buildings are included in the purchase; one with 4 studio units, and the other with twelve 2 bed 1 bath units. ALL UNITS ARE OCCUPIED, 9 units have been occupied by the same tenants for 5+ years. 13 units have matured leases that are now on a month to month basis, while the other 3 units are on a 12 month lease with 2 about to expire. Roof was replaced 9 years ago but is in GREAT shape; just drive by and take a look at it yourself! PVC plumbing and coin-op laundry in building. ONLY SERIOUS INVESTORS please! Proof of funds or pre-approval required with offer. Please see attachments for Rent Roll, Annual Expenses and Survey of property.

Essential Information
MLS® # T3257085
Price $1,700,000
Acres 0.49
Year Built 1973
Type Residential Income
Sub-Type Multi-Family
Status Active
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Neighborhood Information for 810 Belleair Road

Stable Population, Low Residential Turnover, Coastal Area, Suburb of Tampa

Weather

  • Highs

    • January 71.60℉
    • July 91.30℉
  • Lows

    • January 50.20℉
    • July 73.60℉
  • rain icon

    Precipitation

    • 52.42"
   
Great Schools School Name Distance  

Ponce De Leon Elementary School

Public - Preschool to 5th Grade - Closest Elementry School
0.6 Miles

Belleair Elementary School

Public - Preschool to 5th Grade
0.8 Miles

Iva Christian School

Private - Kindergarten to 12th Grade - Closest Middle School
1 Miles

Pinellas Academy Of Math And Science

Public - Kindergarten to 8th Grade
1.2 Miles

Largo High School

Public - 9th Grade to 12th Grade - Closest High School
1.4 Miles

First Lutheran School

Private - Preschool to 8th Grade
1.5 Miles

Pinellas Preparatory Academy

Public - 4th Grade to 8th Grade
1.6 Miles

School data provided by GreatSchools

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Listing data comes from My Florida Regional MLS DBA Stellar MLS.

Listing information last updated on October 19th, 2020 at 5:33pm EDT.