Courtesy of: Carissa White, EXP REALTY LLC, white_family00@yahoo.com
Courtesy of: Carissa White, EXP REALTY LLC, white_family00@yahoo.com
$699,990
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7 bed
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2,512 square feet
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3.00 Bath (3 Full)
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Lot: 0.37 Acres
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Triplex
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$699,990
15501 61ST Street N INVESTOR SPECIAL - fully remodeled TRIPLEX plus rentable RV pad on an oversized 0.37-acre double lot in unincorporated Pinellas County: no HOA, and short-term rentals ARE permitted. Income starts the day you close - an occupied unit paying $1, 850/month plus the seller's offered 12-month leaseback at $1, 550/month puts $3, 400/month in place at closing, before a single new lease is signed. The rest of the upside is yours to switch on: the recently vacant 2/1 (last rented July-2027 for $1, 700) is rent-ready against a $2, 020 HUD Fair Market Rent, the occupied unit sits 28% below its $2, 580 FMR, and the RV pad adds about $900/month once simple power and water hookups are completed. Fully leased, scheduled rents reach about $7, 050/month ($84, 600/year) - pro forma NOI of approximately $61, 600/year, an 8.8% cap rate at list price. The heavy lifting is done: roof 2018 and solar 2021, both permitted on public record, plus fully remodeled interiors - tile floors, updated kitchens with granite island, updated baths - across two concrete-block buildings, 2, 512 heated SF. Three self-contained units (a 2BR plus bonus room where one closet creates a legal third bedroom, and two 2/1s), each with central A/C and separately metered water and electric - tenants pay their own utilities. Total remaining scope roughly $0-10K: add the closet and barn door that finish the bonus room as a true third bedroom - making that unit a genuine 3/1 - and complete the simple power and water hookups for the RV pad. Minutes from US-19, St. Pete-Clearwater International Airport, downtown Clearwater, and the Gulf beaches, with deep rental demand across every strategy: buy-and-hold, DSCR buyers, house-hackers living in one unit while the others pay the mortgage, short-term rental operators, or 1031 exchange. Some exterior photos were taken prior to the 2021 solar panel installation.
Courtesy of: Carissa White, EXP REALTY LLC, white_family00@yahoo.com
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