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1379 Martin Luther King Jr Avenue, CLEARWATER, FL 33756
Priced at Only: $449,000
For more Information Call Mobile: 352.279.4408
Address: 1379 Martin Luther King Jr Avenue, CLEARWATER, FL 33756
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  • MLS#: TB8447196 ( Residential Income )
  • Street Address: 1379 Martin Luther King Jr Avenue
  • Viewed: 66
  • Price: $449,000
  • Price sqft: $0
  • Waterfront: No
  • Year Built: 1940
  • Bldg sqft: 0
  • Bedrooms: 5
  • Total Baths: 3
  • Days On Market: 42
  • Additional Information
  • Geolocation: 27.9469 / -82.7914
  • County: PINELLAS
  • City: CLEARWATER
  • Zipcode: 33756
  • Subdivision: Lakeview Heights
  • mfrmls
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  • Description
    Triplex Investment Opportunity in a prime location between downtown Clearwater and Belleair This rare triplex presents a cash flow opportunity for investors. Conveniently situated between downtown Clearwater and Belleair, the property boasts a superb location facing Lake Belleview and is directly across from Ross Norton Recreation Center and Ed C. Wright Park. A short drive will take you to some of the best beaches in the US at Clearwater, Belleair Beach, Indian Rocks Beach to name a few. The triplex is currently fully rented and ready for a new owner to benefit from its steady income with a CAP rate of ~8.7 calculated with the current rents, expenses and the asking price. It consists of three separate units: Unit 1: 3 bedrooms, 1 bathroom currently leased and occupied at $1,700 per month. Unit 2: 2 bedrooms, 1 bathroom leased and occupied at $1,800 per month. This unit has been recently remodeled. Unit 3: Studio leased at $1,100 per month. Recent Property Updates Roof replaced in 2021 A/C replaced in 2021 Contact your agent today to schedule a showing! Appointment Only ***Do Not Disturb Tenants**
Features
Home Owners Association Fee
  1. 0.00
Carport Spaces
  1. 0.00
Close Date
  1. 0000-00-00
Cooling
  1. Central Air
  2. Wall/Window Unit(s)
Country
  1. US
Covered Spaces
  1. 0.00
Exterior Features
  1. Other
Garage Spaces
  1. 0.00
Heating
  1. Electric
Insurance Expense
  1. 0.00
Interior Features
  1. Other
Legal Description
  1. LAKEVIEW HEIGHTS BLK F
  2. LOT 8
Living Area
  1. 1603.00
Area Major
  1. 33756 - Clearwater/Belleair
Net Operating Income
  1. 0.00
Open Parking Spaces
  1. 0.00
Other Expense
  1. 0.00
Parcel Number
  1. 22-29-15-48978-006-0080
Property Type
  1. Residential Income
Roof
  1. Shingle
Sewer
  1. Public Sewer
Tax Year
  1. 2024
Tenant Pays
  1. Electricity
Township
  1. 29
Views
  1. 66
Water Source
  1. Public
Year Built
  1. 1940
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