725 NEW YORK ST, Clearwater, Florida, 33756

Listed by COPELAND MORGAN LLC, Jeremy Dinh, 408-391-3060, jeremy@copelandmorgan.com

$467,000

1,375 Sqft

0.16 Acres

4 bd

3 ba

#TB8532067

Exceptional investment opportunity with immediate upside and located just minutes from the gulf beaches! This fully leased triplex is currently generating $4,425 each month with the opportunity to increase rental income immediately. A new roof was installed in 2023 on the 1/1 building. In addition to the existing income upside, the two 1/1 units provide an excellent value-add opportunity with cosmetic updates that can further increase rents and overall property value. The property features one updated 2/1 unit (rented below market at 1,500 but could rent for 1,600) and two 1/1 units (rented at 1,425 and 1,500), offering an ideal opportunity for both seasoned investors and buyers looking to house hack/ live in one unit while the rental income from the other two helps offset their mortgage and living expenses. The updated 2/1 unit features newer windows, appliances, and flooring providing a move-in-ready option. The 2/1 unit will be vacant upon closing.Whether you're looking to expand your investment portfolio or purchase your first income-producing property, this triplex offers immediate cash flow, multiple avenues for increased returns, or the opportunity to significantly reduce your housing costs by living on-site.

PROPERTY FEATURES

Utilities : Electricity Available, Electricity Connected, Public, Sewer Connected, Water - Multiple Meters, Water Connected
Water Access : 0
Sewer : Public Sewer
Exterior Features : Fence, Private Entrance, Private Yard, Rain Gutters
Road Surface Type : Asphalt, Concrete
Roof : Shingle
Zoning : CLR-CRD