About 725 New York St
Exceptional investment opportunity with immediate upside and located just minutes from the gulf beaches! This fully leased triplex is currently generating $4,425 each month with the opportunity to increase rental income immediately. A new roof was installed in 2023 on the 1/1 building. In addition to the existing income upside, the two 1/1 units provide an excellent value-add opportunity with cosmetic updates that can further increase rents and overall property value. The property features one updated 2/1 unit (rented below market at 1,500 but could rent for 1,600) and two 1/1 units (rented at 1,425 and 1,500), offering an ideal opportunity for both seasoned investors and buyers looking to house hack/ live in one unit while the rental income from the other two helps offset their mortgage and living expenses. The updated 2/1 unit features newer windows, appliances, and flooring providing a move-in-ready option. The 2/1 unit will be vacant upon closing.Whether you're looking to expand your investment portfolio or purchase your first income-producing property, this triplex offers immediate cash flow, multiple avenues for increased returns, or the opportunity to significantly reduce your housing costs by living on-site.
Features of 725 New York St
| MLS® # | TB8532067 |
|---|---|
| Price | $477,000 |
| Bedrooms | 4 |
| Bathrooms | 3.00 |
| Square Footage | 1,375 |
| Acres | 0.16 |
| Year Built | 1948 |
| Type | Residential Income |
| Sub-Type | Triplex |
| Status | Active |
Listing Details
| Office | COPELAND MORGAN LLC |
|---|
Listing Map
Neighborhood Information for 725 New York St
Stable Population, Low Residential Turnover, Coastal Area, Suburb of Tampa
Statistics
Number of Listings
Population Age
Home Listings Prices
Nearby Schools
| Great Schools | School Name | Distance | |
|---|---|---|---|
|
Ponce De Leon Elementary School Public - Preschool to 5Th Grade - Closest Elementry School |
1 Miles | |
|
Largo High School Public - 9Th Grade to 12Th Grade - Closest High School |
1 Miles | |
|
|
Iva Christian School Private - Kindergarten to 12Th Grade - Closest Middle School |
1 Miles | |
|
Pinellas Preparatory Academy Public - 4Th Grade to 8Th Grade |
1 Miles | |
|
|
Pinellas Academy Of Math And Science Public - Kindergarten to 8Th Grade |
1 Miles | |
|
Belleair Elementary School Public - Preschool to 5Th Grade |
1 Miles | |
|
|
Pre-K Early Intervention Prog Public - Preschool to Preschool |
1 Miles |
School data provided by GreatSchools