Exceptional turnkey opportunity. Strong rental income. Long term tenants in place. Not in a flood zone or evacuation zone. Easily survived 90-110 mph winds in 2024 from hurricane Milton with zero impacts. Concrete foundation. Block wall construction. Energy efficient galvalume metal roofing 14 years into an expected 40+ year lifespan. This very well-maintained duplex is a prime addition to any investor’s portfolio. Great opportunity too for a buyer who wants to live in one unit and rent the other one. The building has two 1br/1ba units. Each unit has covered parking and space for 2 vehicles. Nothing like this in the area. Safe andquiet. Just 5 minutes to Indian Rocks Beach, Belleair Beach, Belleair boat ramp, Belleair dog beach, Walsingham Lake Park, the great Pinellas Bike Trail, and just 10 mins to Clearwater Beach. Gorgeous tropical landscaping and palm trees all lighted at night, and all xeriscaped needing no irrigation. Central a/c and heating.
Separate utilities. Electronic entry locks. Beautiful inside with vaulted ceilings, tiled floors, new glass enclosed walk-in showers. Updated kitchens with stainless appliances. Big bedrooms with oversized closets. Washer/dryer in each unit. Each unit has its own private fenced back yard. The property also features the use of a very unique outdoor area with gazebo, fire pit, pergola, and swing benches. Great for entertaining or spending time with family and friends. With updated interiors and a solid infrastructure, this duplex is fully stabilized and ready to generate consistent cash flow from day one. With both units rented at competitive local rates, and very little maintenance costs expected in the near future due to its superior condition, investors can expect a solid 7-8% ROI.
Investors – Right next door is an identical duplex, same owner, on a much larger and separate parcel. That duplex is owner occupied and is available but only in a package deal for both properties all together.
