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Melissa Malave-Crespo

melissa.malave-crespo@lptrealty.com +1(813) 644-3756

$699,990

Est. payment - /mo

7 Beds

3 Baths

2,512 SqFt

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Key Details

Property Type Multi-Family

Sub Type Triplex

Listing Status Active

Purchase Type For Sale

Square Footage 2,512 sqft

Price per Sqft $278

Subdivision Mundays Add To Four Pines

MLS Listing ID TB8538782

Bedrooms 7

HOA Y/N No

Year Built 1956

Annual Tax Amount $5,866

Lot Size 0.370 Acres

Acres 0.37

Lot Dimensions 60x267

Property Sub-Type Triplex

Source Stellar MLS

Property Description

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.

Location

State FL

County Pinellas

Community Mundays Add To Four Pines

Area 33760 - Clearwater

Zoning R-4

Direction N

Interior

Interior Features Ceiling Fans(s), Kitchen/Family Room Combo, Living Room/Dining Room Combo

Heating Central

Cooling Central Air

Flooring Luxury Vinyl, Tile

Furnishings Furnished

Fireplace false

Laundry Electric Dryer Hookup, Inside, Washer Hookup

Exterior

Exterior Feature Fence, Private Mailbox, Private Yard, RV Hookup, Sidewalk

Parking Features Parking Pad, RV Access/Parking

Utilities Available Cable Available, Electricity Connected, Sewer Connected, Water Connected

View Y/N No

Water Access No

Roof Type Shingle

Garage false

Private Pool No

Building

Entry Level One

Foundation Block

Lot Size Range 1/4 to less than 1/2

Sewer Public Sewer

Water Public

Structure Type Stucco

New Construction false

Schools

Elementary Schools High Point Elementary-Pn

Middle Schools Fitzgerald Middle-Pn

High Schools Pinellas Park High-Pn

Others

Pets Allowed Yes

Senior Community No

Ownership Fee Simple

Acceptable Financing Cash, Conventional, FHA, VA Loan

Listing Terms Cash, Conventional, FHA, VA Loan

Special Listing Condition None

Virtual Tour https://www.propertypanorama.com/instaview/stellar/TB8538782

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Listed by Carissa White EXP REALTY LLC

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Melissa Malave-Crespo

+1(813) 644-3756

REALTOR® | License ID: SL3394025

REALTOR® License ID: SL3394025

15501 61ST ST N Clearwater, FL 33760

Melissa Malave-Crespo

Key Details

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Exterior

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Schools

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15501 61ST ST N