1227 Sunset Point Road
$365,000
5
3
1,750
1,750
$209
Description
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...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.
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.
- Listed by Richard Peters • RICHARD PETERS REALTY LLC
Property Details for 1227 Sunset Point Road
Subdivision Name
HARBOR VISTA
Township29
WaterfrontNo
LISTING UPDATED: 09/25/2024 02:50 PM
Property Details for 1227 Sunset Point Road
Status | Active |
---|---|
MLS # | T3472473 |
Days on Market | 437 |
Taxes | $2,056 / year |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Single Family |
MLS Type | Residential / Single Family Residence |
Year Built | 1940 |
Lot Size | 0.14 AC / 5,972 SF |
County | Pinellas County |
Building Information for 1227 Sunset Point Road
Stories1Year Built1940Building Size-Lot Size0.14 AC / 5,972 SF
Property Information for 1227 Sunset Point Road
Property History for 1227 Sunset Point Road
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 1227 Sunset Point Road
Taxable ValueLand-Additions-Total-
Tax Record2023$2,678 ($223 / month)
Home Facts
Beds0Baths2Total Finished SqFt998 SqFtAbove Grade Finished SqFt998 SqFtStories1Lot Size5,972 SqFtStyleSingle Family ResidenceYear Built1940Year Renovated1978CountyPINELLASAPN03-29-15-36666-002-0050
Schools near 1227 Sunset Point Road
This home is within Pinellas.
Rating | School | Type | Grades | Distance |
---|---|---|---|---|
Public - | PK to 5 | |||
Public - | 6 to 8 | |||
Public - | 9 to 12 | |||
Public - | K to 12 |
Rating | School | Distance |
---|---|---|
Sandy Lane Elementary School PublicPK to 5 | ||
Dunedin Highland Middle School Public6 to 8 | ||
Dunedin High School Public9 to 12 | ||
Calvin A. Hunsinger School PublicK to 12 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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