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$350,000

Beds
3
Baths
2.0
sq ft
1,537

1515 S Prospect Ave, Clearwater, FL 33756

1515 S Prospect Ave

CLEARWATER, FL 33756

  • 78 days on market
Welcome to a rare and profitable investment in the heart of Clearwater! This unique property features two separate single-family homes on one lot, making it a versatile option for investors or those looking to offset their mortgage with rental income. Whether you’re an experienced real estate investor or a first-time buyer, this is your chance to take advantage of an exceptional house hacking opportunity. Live in one unit and rent out the other, or rent both for a steady income stream! Unit 1: Front Unit The front unit is a spacious 2-bedroom, 1-bathroom home that has been recently refreshed and is ready for immediate occupancy. This well-maintained unit offers a bright and open living space, a cozy kitchen, and ample storage. Its size and charm make it an attractive option for small families, couples, or roommates. With a competitive rental rate, this unit can be quickly leased, ensuring steady income for the new owner. Unit 2: Back Unit The back unit is a charming 1-bedroom, 1-bathroom home, also refreshed and ready to be rented immediately. This cozy space offers privacy and comfort, making it ideal for a single tenant or a couple. Its recent updates, along with the overall appeal of the property, make it a highly desirable rental in the Clearwater market. Both units are currently vacant and have been refreshed to attract new tenants quickly. This means you can start generating immediate rental income with the flexibility to lease each unit separately or rent them together as one property. Whether you’re looking for long-term tenants or shorter-term leases, the possibilities are endless. This property’s prime location in Clearwater puts you minutes away from world-famous Clearwater Beach, known for its sugar-white sands and stunning Gulf Coast sunsets. It’s also conveniently close to the Belleair Causeway boat ramp, perfect for water lovers and boating enthusiasts. Whether your tenants are beachgoers, outdoor adventurers, or those who appreciate a vibrant community, this location appeals to all. Proximity to top-rated attractions, shopping, dining, and entertainment makes this property even more desirable for potential renters, ensuring strong demand year-round. The flexibility of two separate homes on one lot offers several benefits that traditional duplexes can’t match, including more privacy for tenants and higher potential rents for the owner. The property is turnkey and offers plenty of opportunities for future appreciation in this highly sought-after location. It’s a rare find in a city that combines the best of Florida living with excellent investment prospects. Whether you’re looking to expand your portfolio, start your real estate journey, or secure a profitable investment in a growing market, this Clearwater property is your chance to achieve your financial goals. Don’t miss out on the opportunity to transform this hidden gem into a highly lucrative asset! Properties like this don’t stay on the market long. Schedule your showing today and seize this chance to invest in one of Florida’s most desirable locations. With immediate rental potential, a prime location, and flexible options, this is an investment opportunity you can’t afford to pass up. Contact us today to learn more and make this property yours!

Details

Property type

Single Family Residence

Est. home value

$277,214

Lot size

8,067 sq ft

Price per sq ft

$228

Year built

1947

Annual property taxes

$3,448.9

HOA

No

Price History

08/23/2024
StellarMLS

StellarMLS #T3550861

Listed
$350,000
02/14/2024
StellarMLS

StellarMLS #U8229340

Removed
$350,000
02/02/2024
StellarMLS

StellarMLS #U8229340

Listed
$350,000
+133.33%

Schools & Community

Elementary school: 

Ponce de Leon Elementary-PN

Middle school: 

Largo Middle-PN

High school: 

Clearwater High-PN

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

$221,682
Asking price
$350,000
Closing costs (~8% of asking)
-$28,000
Est. remaining loan balance
-$100,318
Cash to seller
$221,682

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

Seller’s Loan History

Lender

Crosscountry Mortgage Inc

Loan start date

October 2018

Original loan amount

$112,500

Est. remaining balance

$100,318

Interest rate

4.52%

Loan type

New Conventional, 30 year

Seller

Rothy Soun

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: 11/09/2024 at 11:25 AM

Listing updated: 09/14/2024 at 2:02 PM

Listed by: Tom Blystone, REAL BROKER, LLC Phone #: (407) 279-0038

MLS: StellarMLS #T3550861

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