BEDS7
BATHS
SQUARE FEET2,512
MLS#TB8538782
STATUSActive
PROPERTY TYPEMulti Unit - Multiple
SUBDIVISIONMUNDAYS
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.
Property Features
Property Type: Multi Unit - Multiple
Cooling: Central Air
Heating: Central
Lot Size: 0.37 Acres
Roof Type: Shingle
Stories: 1.0
Taxes: $5,866
Year Built: 1956
Amenities
Ceiling Fans(s)
Kitchen/Family Room Combo
Living Room/Dining Room Combo
Fence
Private Mailbox
Private Yard
RV Hookup
Sidewalk
Feature Descriptions
Annual Net Income: 42600.00
Days on Site: 16
Directions: Take I-275 to Exit 31 for FL-688 W / Roosevelt Blvd. Head west on Roosevelt Blvd for approximately 3.5 miles. Turn right onto 150th Ave N, then turn left onto 61st St N. The property will be on your right at 15501 61st St N.
Exterior: Stucco
Flood Zone Code: X
Flooring: Luxury Vinyl, Tile
Foundation: Block
Home Warranty Y/N: No
Listing Terms: Cash, Conventional, FHA, VA Loan
Lot Dimensions: 0.37
Other Equipment: Private Yard, RV Hookup
Ownership: Fee Simple
Parking: Parking Pad, RV Access/Parking
Parking Notes: Parking Pad, RV Access/Parking
Pets Allowed: Yes
Property Attached Y/N: No
Property Sub-Type: Triplex
Sewer: Public Sewer
Showing Instructions: Appointment Only, Call Before Showing, See Remarks
Special Sale Provisions: None
Utilities: Cable Available, Electricity Connected, Sewer Connected, Water Connected
Water: Public
Water Access Y/N: No
Zoning: R-4
Local Schools
High School: Pinellas Park High-PN
Middle School: Fitzgerald Middle-PN
Elementary School: High Point Elementary-PN
Listed By / Shown By
Listed By
Agency Name: DALTON WADE INC
Agency Contact: 888-668-8283
Shown By
Agency Title: RealtyMark
Agency Phone: 888-260-0040
Estimate Your Payment
Estimated Payment
$ 2,250.87 per month $1,557.87 Principal & Interest $488.83 Property Tax $204.16 Homeowner's InsuranceChange Payment Information
15501 61st Street N | MLS# TB8538782
This multi-family property located at 15501 61st Street N, Clearwater, FL 33760 is currently listed for sale with an asking price of $699,990. Search Clearwater real estate on www.realtymark.net today.