Incredible income property! Priced below appraised value.
Triplex was fully rented till July with long terms (years) tenants. Owner terminated 2 lease so property could be shown. Vacant lot next door is also for sale for $50,000 and zoning permits a duplex MLS# U8045834 Property has a great rental history, sits in the heart of Pinellas county, convenient location close to shopping and restaurant. Easy access to Downtown St. Pete and Tampa. Numbers don’t lie, this is a money maker. Lot size is 45 by 100 feet. Property is NOT in a flood zone. Apartment East (one side of duplex; 1 bedroom): $682 current; to be increased to $850 Apartment West (other side of duplex; 1 bedroom) could get around $800 in rent. Apartment 3W (separate house; 2 bedroom) can get up to $1050 in monthly rent Last years gross income was $26,784. Taxes, Utility bill and repairs add up to $6,500 is expenses for a net income of $21,000. Long term tenants in Apartment 1E, started renting on October 27, 2012. Owner is currently in the process of renovation the two vacant units.