1475 Grove St, Clearwater

$835,000

Pending
0 Beds
0 Baths
4,384 Sqft
.28 Acres
0 Garages

Attention Investors~Incredible opportunity to own cash-flowing property 90% renovated and 100% occupied ~ This 6 unit, turn-key, investment property is 100% occupied and churning $$62k/year! 5 of 6 units have been updated with ceramic tile, new bathrooms and kitchens, with granite counter-tops and all wood cabinetry. The building iis freshly painted. All units have screen porches and central AC. Only unit 106 (upstairs 2/1)has not been updated. It is currently rented for $950 through 2/20. The updated 2/1 below it rents for $1000/mo..Once updated, #106 should go $1100/mo as it is top floor unit. the 4 - 1 bedroom units rent for $800/$850. At the current price and current rents the property will return $42K-$48k net annual income with potential to go up.

Essential Information
MLS® # U8049019
Price $835,000
Bathrooms 0.00
Square Footage 4,384
Acres 0.28
Year Built 1971
Type Income
Sub-Type Multi-Family
Status Pending
Show More Information
Property History
Price Increased from $675,000 to $835,000
Price Reduced from $695,000 to $675,000
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Neighborhood Information for 1475 Grove St

Low Residential Turnover, Coastal Area, Suburb of Tampa

Weather

  • Highs

    • January 71.60℉
    • July 91.30℉
  • Lows

    • January 50.20℉
    • July 73.60℉
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    Precipitation

    • 52.42"
   
Great Schools School Name Distance  

Saint Cecelia Interparochial

Catholic - Preschool to 8th Grade - Closest Elementry School
0.5 Miles

Washburn Academy

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

Clearwater Fundamental Middle School

Public - 6th Grade to 8th Grade
0.8 Miles

Clearwater Intermediate School

Public - 5th Grade to 9th Grade
0.9 Miles

Delphi Academy Of Florida

Private - Preschool to 12th Grade
0.9 Miles

Skycrest Elementary School

Public - Preschool to 5th Grade
1 Miles

Kings Highway Elementary Magnet School

Public - Preschool to 5th Grade
1.2 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 22nd, 2019 at 9:45am EDT.