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$365,000

Beds
5
Baths
3.0
sq ft
1,750

1227 Sunset Point Rd, Clearwater, FL 33755

1227 Sunset Point Rd

CLEARWATER, FL 33755

  • 461 days on market
*Only accepting offers that close after 1 Jan 2025* Rare investor special in the coveted Brentwood Estates! Two standalone properties for the price of one. The landlord’s early retirement offers you the unique chance to snatch up this currently income producing asset with an as-is cap rate of 8.9! Rent them both or live in one and rent the other for truly passive income. Rent both move in ready units out as a duplex, or live in the cozy 3-bedroom, 2-full bathroom, plus den main home and rent out the separate 2/1 detached back home for endless passive income. Both properties have been professionally maintained, with service records available. Currently zoned for multi-family. Both units occupied month to month. Easy to show. Cons: Roof 23 years old, AC & WH age unknown, but functioning normally. Investor notes: Flip potential: $585k ARV, with new roof, modernized kitchens and open floor plan. Estimated 60-90k in upgrades. Current LTR rental gross: 2900 /mo. Market rent without rehab estimate: $3,600 /mo, with only light nearby competition. STR estimate both units combined: $53.4k yrly gross, at 262 /night (discounted for 31 day plus rental mins), with only 56/100 occupancy. No HOA/CDD. Feel free to soft pitch purchase agreements to listing agent before writing anything up. No assignable contracts accepted. Seller financing possible with a very large downpayment.

Details

Property type

Single Family Residence

Est. home value

$393,606

Lot size

5,972 sq ft

Price per sq ft

$209

Year built

1940

Annual property taxes

$2,055.73

HOA

No

Price History

06/04/2024
StellarMLS

StellarMLS #T3472473

Price change
$365,000
+15.87%
05/30/2024
StellarMLS

StellarMLS #T3472473

Price change
$315,000
-5.97%
04/29/2024
StellarMLS

StellarMLS #T3472473

Price change
$335,000
-2.9%

Schools & Community

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Negotiation Insights

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Seller could get up to

$188,183
Asking price
$365,000
Closing costs (~8% of asking)
-$29,200
Est. remaining loan balance
-$147,617
Cash to seller
$188,183

This is an estimate of how much the seller could receive at closing after paying off the outstanding mortgage.

Seller’s Loan History

Lender

Tiaa Fsb Holdings Inc

Loan start date

June 2018

Original loan amount

$167,300

Est. remaining balance

$147,617

Interest rate

4.58%

Loan type

New Conventional, 30 year

Seller

Richard M Henley

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

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Status: Active

Tomo last checked: 12/23/2024 at 7:05 AM

Listing updated: 09/25/2024 at 4:10 PM

Listed by: Richard Peters, RICHARD PETERS REALTY LLC Phone #: (352) 448-9712

MLS: StellarMLS #T3472473

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