Under contract-accepting backup offers. Buyers lost the opportunity to purchase this one-of-a-kind investment income producing property due to their inability to produce an approval of their loan. This property offers 3 detached buildings with a total of 4 units, consisting of 2 – 1/1 units in one building, a 2/1 detached building, and a 3/1 detached building. Plenty of parking for all tenants off the street. Located just minutes to downtown Clearwater, Belleair and the beaches hospital and shopping. The 2 – 1/1 units have been completely remodeled, the 2/1 is going through a complete remodeling. and the 3/1 is in ok condition.
This property has a high rental income potential for the new owner. There is plenty of value-add to this property making it more appealing to the future owners.
All units are vacant, making it feasible to the new owner to come in and start their updates and or repairs right away without going through the process of eviction process. While the 2 1/1 units are completely updated, these can be rented right away while finishing the work on the other 2 buildings.
CAP RATE of 6.5%, call today to schedule your showing before it is gone.