15501 61st Street N, Clearwater, FL 33760
- $699,990
- 7
- BD
- 3
- BA
- 2,512
- SqFt
- List Price
- $699,990
- Status
- Active
- Days on Market
- 2
- MLS#
- TB8538782
- Property Style
- Triplex
- Year Built
- 1956
- Bedrooms
- 7
- Bathrooms
- 3
- Living Area
- 2,512
- Lot Size
- 16,017
- Acres
- 0.37
- Total Acreage
- 1/4 to less than 1/2
- Legal Subdivision Name
- Mundays Add To Four Pines
- MLS Area Major
- Clearwater
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.
Additional Information
- Taxes
- $5866
- Community Features
- No Deed Restriction
- Property Description
- One Story
- Zoning
- R-4
- Interior Layout
- Ceiling Fans(s), Kitchen/Family Room Combo, Living Room/Dining Room Combo
- Interior Features
- Ceiling Fans(s), Kitchen/Family Room Combo, Living Room/Dining Room Combo
- Floor
- Luxury Vinyl, Tile
- Utilities
- Cable Available, Electricity Connected, Sewer Connected, Water Connected
- Heating
- Central
- Air Conditioning
- Central Air
- Exterior Construction
- Stucco
- Exterior Features
- Fence, Private Mailbox, Private Yard, RV Hookup, Sidewalk
- Roof
- Shingle
- Foundation
- Block
- Pool
- No Pool
- Garage Features
- Parking Pad, RV Access/Parking
- Elementary School
- High Point Elementary-Pn
- Middle School
- Fitzgerald Middle-Pn
- High School
- Pinellas Park High-PN
- Pets
- Allowed
- Flood Zone Code
- X
- Parcel ID
- 32-29-16-59436-007-0050
- Legal Description
- MUNDAY'S ADD TO FOUR PINES BLK 7, LOTS 5 AND 16
Listing courtesy of EXP REALTY LLC. 888-883-8509
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