Clearwater, FL 33756,1105 S PROSPECT AVE
Clearwater, FL 33756,1105 S PROSPECT AVE
Clearwater, FL 33756,1105 S PROSPECT AVE
Clearwater, FL 33756,1105 S PROSPECT AVE
Clearwater, FL 33756,1105 S PROSPECT AVE
Clearwater, FL 33756,1105 S PROSPECT AVE
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$410,000

$414,900

1.2%
Est.Price: ?

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Est. payment /mo

2,149 SqFt


SOLD DATE : 01/10/2022

Key Details

Sold Price $410,000

Property Type Multi-Family

Sub Type Quadruplex

Listing Status Sold

Purchase Type For Sale

Square Footage 2,149 sqft

Price per Sqft $190

Subdivision Magnolia Heights

MLS Listing ID U8141600

Sold Date 01/10/22

Construction Status No Contingency

HOA Y/N No

Year Built 1969

Annual Tax Amount $2,283

Lot Size 6,098 Sqft

Acres 0.14

Lot Dimensions 50x125

Property Description

** INCOME OPPORTUNITY! ** Tucked away on a private street in the historic Clearwater area of Magnolia Heights, this 4-plex is a great opportunity for the savvy investor! 2 buildings with 2 units in each building. Standard concrete block duplex (built 1969) up front with a couple of 2-bedroom/1-bath units with 567 sf. Each unit has a kitchen, living room, and 2 bedrooms sharing a bathroom. Modest units with tile floors that could use a little TLC. Both are currently rented on month-month leases at $800 and $780/month with the tenant paying the utilities. This building has newer central air units and a 2020 dimensional shingle roof! So the big ticket items are taken care of. These units rent extremely fast and could probably have a maximum rent capability of $1,000/month! The other building to the back is a 2-story wood frame duplex (built 1925) that is undergoing an exterior renovation that includes an all new stucco finish! This building also a new (2020) dimensional shingle roof and newer central air! The downstairs unit is 1-bedroom/1-bath with 540 sf of living area that again need s a little TLC inside. The rent for this downstairs unit is currently just $475/month with potential for much higher! A separate staircase takes you to the final unit, a renovated studio efficiency with 475 sf and updated kitchen, flooring, paint, and bathroom! This refinished apartment is also currently leased for $665/month. All 4-units are occupied and the total rent currently is $2,720/month! Most of these tenants are on month-to-month leases with a potential for much higher future rents! The lot is fenced with a small grassy play area and newer (2020) paved parking. IMPORTANT: DO NOT DISTURB THE TENANTS (Hit show button for showing instructions)

Location

State FL

County Pinellas

Community Magnolia Heights

Interior

Interior Features Ninguno

Heating Central, Electric

Cooling Central Air

Flooring Tile

Fireplace false

Appliance Range, Refrigerator

Laundry Outside

Exterior

Exterior Feature Fence

Garage Common, Open

Utilities Available Electricity Connected

Waterfront false

Roof Type Shingle

Garage false

Private Pool No

Building

Entry Level One

Foundation Slab

Lot Size Range 0 to less than 1/4

Sewer Public Sewer

Water Public

Structure Type Block,Stucco,Wood Frame

New Construction false

Construction Status No Contingency

Others

Senior Community No

Ownership Fee Simple

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Special Listing Condition None

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Stellar MLS
Listed by RE/MAX REALTEC GROUP INC
Bought with GREAT HOMES REALTY INC

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EPIC Florida

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+1(813) 295-8202

2111 W Swann Ave Suite 103, Tampa, Florida, 33606

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