About 15501 61st Street N
INVESTOR SPECIAL — fully remodeled TRIPLEX plus rentable RV pad on an oversized 0.37-acre double lot in unincorporated Pinellas County: no HOA, and short-term rentals ARE permitted. Income starts the day you close — an occupied unit paying $1,850/month plus the seller's offered 12-month leaseback at $1,550/month puts $3,400/month in place at closing, before a single new lease is signed. The rest of the upside is yours to switch on: the recently vacant 2/1 (last rented July-2027 for $1,700) is rent-ready against a $2,020 HUD Fair Market Rent, the occupied unit sits 28% below its $2,580 FMR, and the RV pad adds about $900/month once simple power and water hookups are completed. Fully leased, scheduled rents reach about $7,050/month ($84,600/year) — pro forma NOI of approximately $61,600/year, an 8.8% cap rate at list price. The heavy lifting is done: roof 2018 and solar 2021, both permitted on public record, plus fully remodeled interiors — tile floors, updated kitchens with granite island, updated baths — across two concrete-block buildings, 2,512 heated SF. Three self-contained units (a 2BR plus bonus room where one closet creates a legal third bedroom, and two 2/1s), each with central A/C and separately metered water and electric — tenants pay their own utilities. Total remaining scope roughly $0–10K: add the closet and barn door that finish the bonus room as a true third bedroom — making that unit a genuine 3/1 — and complete the simple power and water hookups for the RV pad. Minutes from US-19, St. Pete–Clearwater International Airport, downtown Clearwater, and the Gulf beaches, with deep rental demand across every strategy: buy-and-hold, DSCR buyers, house-hackers living in one unit while the others pay the mortgage, short-term rental operators, or 1031 exchange. Some exterior photos were taken prior to the 2021 solar panel installation.
Features of 15501 61st Street N
| MLS® # | TB8538782 |
|---|---|
| Price | $689,990 |
| Bedrooms | 7 |
| Bathrooms | 3.00 |
| Square Footage | 2,512 |
| Acres | 0.37 |
| Year Built | 1956 |
| Type | Residential Income |
| Sub-Type | Triplex |
| Status | Active |
Listing Details
| Office | DALTON WADE INC |
|---|
Listing Map
Neighborhood Information for 15501 61st Street N
Close to Military Facility(ies), Close to Penitentiary, 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 | |
|---|---|---|---|
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Pinellas Technical College - Clearwater Public - to |
0 Miles | |
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High Point Elementary School Public - Preschool to 5Th Grade - Closest Elementry School |
0 Miles | |
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Blossom Montessori School For The Deaf Private - Preschool to 8Th Grade |
1 Miles | |
|
Frontier Elementary School Public - Preschool to 5Th Grade |
1 Miles | |
|
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Tampa Bay Youthbuild Public - 10Th Grade to Adult - Other |
1 Miles | |
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Clearwater Central Catholic High School Catholic - 9Th Grade to 12Th Grade - Closest High School |
1 Miles | |
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Bayside High School Public - 9Th Grade to 12Th Grade |
1 Miles |
School data provided by GreatSchools