CLIENT FOCUSED! RESULTS DRIVEN! SERVICE YOU CAN COUNT ON!
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: 58
  • Price: $449,000
  • Price sqft: $0
  • Waterfront: No
  • Year Built: 1940
  • Bldg sqft: 0
  • Bedrooms: 5
  • Total Baths: 3
  • Days On Market: 17
  • Additional Information
  • Geolocation: 27.9469 / -82.7914
  • County: PINELLAS
  • City: CLEARWATER
  • Zipcode: 33756
  • Subdivision: Lakeview Heights
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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**
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Features
Building and Construction
  • Covered Spaces: 0.00
  • Exterior Features: Other
  • Living Area: 1603.00
  • Roof: Shingle
Garage and Parking
  • Garage Spaces: 0.00
  • Open Parking Spaces: 0.00
Eco-Communities
  • Water Source: Public
Utilities
  • Carport Spaces: 0.00
  • Cooling: Central Air, Wall/Window Unit(s)
  • Heating: Electric
  • Sewer: Public Sewer
Finance and Tax Information
  • Home Owners Association Fee: 0.00
  • Insurance Expense: 0.00
  • Net Operating Income: 0.00
  • Other Expense: 0.00
  • Tax Year: 2024
Rental Information
  • Tenant Pays: Electricity
Other Features
  • Country: US
  • Interior Features: Other
  • Legal Description: LAKEVIEW HEIGHTS BLK F, LOT 8
  • Area Major: 33756 - Clearwater/Belleair
  • Parcel Number: 22-29-15-48978-006-0080
  • Views: 58
Headshot for Associate Marian Casteel
  1. Marian Casteel, BrkrAssc,REALTOR ®
  2. Tropic Shores Realty
  3. CLIENT FOCUSED! RESULTS DRIVEN! SERVICE YOU CAN COUNT ON!
  4. Mobile: 352.601.6367
  5. 352.601.6367
  6. mariancasteel@yahoo.com