$640,000
$640,000
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2,660 SqFt
SOLD DATE : 03/21/2024
Key Details
Sold Price $640,000
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Sold
Purchase Type For Sale
Square Footage 2,660 sqft
Price per Sqft $240
Subdivision Highland Groves
MLS Listing ID U8223968
Sold Date 03/21/24
Construction Status Appraisal,Financing,Inspections
HOA Y/N No
Originating Board Stellar MLS
Year Built 1968
Annual Tax Amount $3,458
Lot Size 6,098 Sqft
Acres 0.14
Lot Dimensions 50x120
Property Description
Exceptional opportunity to acquire a stable, well-maintained, and turnkey quadruplex in a highly desired area near downtown Clearwater. This concrete block construction building includes three 1/1's and one 2/1, specifically: Unit 1 (1/1, $1,025 monthly rent, lease expires 03/31/24); Unit 2 (1/1, $1,491 monthly rent, new lease just signed until 12/30/24); Unit 3 (1/1, $1,265 monthly rent, lease until 08/31/24); and Unit 4 (2/1, $875 monthly rent - not a typo, on a month-to-month lease, but increasing to $1,680 beginning Feb 1). Except for Unit 2 (and soon Unit 4), the remaining units are at below market rents (with the lease for Unit 1 ending 3/31/24 and the lease for Unit 3 expiring 8/31/24). Additional features include: individual central A/C for each unit, screened front porches, outdoor storage closets, a common area laundry room (currently unused), and separate electric meters for each unit. There is only a single water meter. Please note that published expenses include water/sewer utility charges but exclude third-party property management company fees paid in 2023, and also reflect an upcoming change of insurance premiums, as well as the newly increased rent for Unit 4. Photos attached include interior ones for Units 1 and 2, but all four units are similarly maintained. A passing four-point inspection report is available, as is a wind mitigation. Viewings are by appointment only. Please do not disturb the tenants. Only serious buyers are encouraged to inquire.
Location
State FL
County Pinellas
Community Highland Groves
Interior
Interior Features Thermostat
Heating Central, Electric
Cooling Central Air
Fireplace false
Laundry Common Area, Electric Dryer Hookup, Washer Hookup
Exterior
Exterior Feature Balcony
Utilities Available Cable Connected, Electricity Connected, Public, Sewer Connected, Water Connected
Waterfront false
Roof Type Shingle
Garage false
Private Pool No
Building
Foundation Slab
Lot Size Range 0 to less than 1/4
Sewer Public Sewer
Water Public
Structure Type Block,Stucco
New Construction false
Construction Status Appraisal,Financing,Inspections
Others
Senior Community No
Ownership Fee Simple
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Special Listing Condition None
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