location_onCLEARWATER, FL 33755 · Pinellas County
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.
Cooling
Heating
Construction
Roof
Gail Tanner
ORIANA REALTY, LLC
$128,000 down
Loan amount $512,000
Estimated monthly principal & interest
$3,236
Estimate excludes taxes, insurance, HOA dues, PMI, lender fees, and financial advice.
ORIANA REALTY, LLC
727-452-3161
