$330,000
$350,000
5.7%For more information regarding the value of a property, please contact us for a free consultation.
5 Beds
4 Baths
1,776 SqFt
SOLD DATE : 07/07/2022
Key Details
Sold Price $330,000
Property Type Multi-Family
Sub Type Triplex
Listing Status Sold
Purchase Type For Sale
Square Footage 1,776 sqft
Price per Sqft $185
Subdivision Arcadian Heights Blk H, Lots 23 And 24
MLS Listing ID U8164027
Sold Date 07/07/22
Bedrooms 5
Construction Status Inspections
HOA Y/N No
Originating Board Stellar MLS
Year Built 1940
Annual Tax Amount $4,091
Lot Size 0.290 Acres
Acres 0.29
Lot Dimensions 127x102
Property Description
OPPORTUNITY FOR INCOME WITH LONG TIME, EXISTING AND GOOD PAYING TENANTS IN PLACE!! Tenants all pay their own electric and are metered separately, there is also an additional electric meter if you are interested in adding another unit (this is a double lot and apparently can accommodate an additional unit). Owner pays the water bill (all units are on one meter), the average water bill monthly is $140-$150.
MUST SEE INSIDE UNITS!!! Owner replaced all three roofs in 2020, put new electric in each unit, new hot water heaters, new AC and ductwork in two units and is willing to replace third AC with an acceptable offer but unit works fine. Two units (A&B) feature updated showers/bath, and kitchens, all a have had new tile flooring installed since ownership, when flooring was installed the owner also firmed up sub flooring. Current owner may be removing a few small fruit trees from property prior to closing.
Current monthly rents are:
Unit A is a 2/1 rented for $700 monthly (on a month to month basis) (tenant has been in place for about 7 months)
Unit B is a 2/2 rented for $900 monthly (on a month to month lease) (tenant has been in place for over 3 years)
Unit C is a 1/1 rented for $700 monthly with Section 8 lease in place through September 30th 2022 (tenant has been in place for over 5 years)
2021 total Rent: $2,300 a month. Property subject to honor the section 8 tenants lease term.
electric update year
Location
State FL
County Pinellas
Community Arcadian Heights Blk H, Lots 23 And 24
Direction N
Interior
Interior Features Other
Heating Central, Other
Cooling Central Air
Fireplace false
Exterior
Exterior Feature Other
Utilities Available Electricity Available, Electricity Connected
Roof Type Shingle
Garage false
Private Pool No
Building
Entry Level One
Foundation Crawlspace, Stem Wall
Lot Size Range 1/4 to less than 1/2
Sewer Public Sewer
Water Public
Structure Type Wood Frame
New Construction false
Construction Status Inspections
Others
Senior Community No
Ownership Fee Simple
Acceptable Financing Cash
Listing Terms Cash
Special Listing Condition None
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Bought with KELLER WILLIAMS GULF BEACHES
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "