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15501 61ST ST N
15501 61ST ST N
15501 61ST ST N
15501 61ST ST N
15501 61ST ST N
15501 61ST ST N
15501 61ST ST N
15501 61ST ST N
15501 61ST ST N
15501 61ST ST N
15501 61ST ST N
15501 61ST ST N
15501 61ST ST N
15501 61ST ST N
15501 61ST ST N
15501 61ST ST N
15501 61ST ST N
15501 61ST ST N
15501 61ST ST N
15501 61ST ST N
15501 61ST ST N
15501 61ST ST N
15501 61ST ST N
15501 61ST ST N
15501 61ST ST N
15501 61ST ST N
15501 61ST ST N
15501 61ST ST N
15501 61ST ST N
15501 61ST ST N
15501 61ST ST N
15501 61ST ST N
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Courtesy of EXP REALTY LLC, Carissa White  Listing Contact: 888-883-8509 
$699,990

15501 61ST ST N

7 Beds 3 Baths 2,512 Sq.Ft. 0.37 Acres

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.

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Location

15501 61ST ST N, CLEARWATER, FL 33760

Status

For Sale
Carissa White

Carissa White

TITLE

Owner Agent · Call & ask to speak with Carissa!

Property Amenities

Interior
Laundry room Electric Dryer Hookup, Inside, Washer Hookup
Flooring Luxury Vinyl, Tile
Total Bedrooms: 7
Other Interior Features Ceiling Fans(s), Kitchen/Family Room Combo, Living Room/Dining Room Combo
Area & Lot
Total area 2,791 Sq.Ft.
Lot Area 0.37 Acres
Living area 2,512 Sq.Ft.
MLS® ID TB8538782
Year Built 1956
High School Pinellas Park High-PN
Middle School Fitzgerald Middle-PN
Elementary School High Point Elementary-PN
Type Multi-Family
Status For Sale
Exterior
Stories 1
Air conditioning Central Air
Heat type Central
Green Feature Solar
Water Source Public
Sewer Public Sewer
Other Exterior Features Fence, Private Mailbox, Private Yard, RV Hookup, Sidewalk
Parking Parking Pad, RV Access/Parking
Roof Shingle
Utilities Cable Available, Electricity Connected, Sewer Connected, Water Connected
Finance
Sales Price $699,990
Real Estate Tax $5,866 yearly

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Thank you for your interest in 15501 61ST ST N, CLEARWATER, FL 33760. We are reviewing your request and will be in touch shortly!

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