1379 Martin Luther King Jr Avenue, CLEARWATER, FL 33756
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Priced at Only: $449,000
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Address: 1379 Martin Luther King Jr Avenue, CLEARWATER, FL 33756
Property Location and Similar Properties
- 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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DescriptionTriplex 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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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
- Marian Casteel, BrkrAssc,REALTOR ®
- Tropic Shores Realty
- CLIENT FOCUSED! RESULTS DRIVEN! SERVICE YOU CAN COUNT ON!
- Mobile: 352.601.6367
- 352.601.6367
- mariancasteel@yahoo.com















