1481 Grove Street
1481 Grove Street
$320,000
1
1,690
1,690
$189
Sold 10/26/22
Description
Once in a blue moon you get lucky enough to find a Tri-plex which could be converted to a Quad-plex! Up to 4 units are possible with this investment opportunity. This Tri-Plex has a TWO - 1 bed/1bath units and ONE - 1 bed/1bath studio. All three units have hallways leading to a coin laundry for additional revenue. All three tenants have been strong long-term tenants providing 6.8% Capitalization Rate (Cap Rate). With updated market rental rates and remodeling this could rise to 8.5% with a maximum...Once in a blue moon you get lucky enough to find a Tri-plex which could be converted to a Quad-plex! Up to 4 units are possible with this investment opportunity. This Tri-Plex has a TWO - 1 bed/1bath units and ONE - 1 bed/1bath studio. All three units have hallways leading to a coin laundry for additional revenue. All three tenants have been strong long-term tenants providing 6.8% Capitalization Rate (Cap Rate). With updated market rental rates and remodeling this could rise to 8.5% with a maximum of 10% Cap Rate! Tenants not to be disturbed A new landlord could keep the current management company and structure and walk into a 6% Cap Rate without much hesitation. Or push the envelope and remodel, get 3 to 4 tenants in, and flip the investment to another. The extreme potential, plenty of parking space, and perfect Clearwater location make this an extremely strong investment option. Contact us today for more information...
- Listed by Nick Williamson • NEW ACRE REALTY
Property Details for 1481 Grove Street
Subdivision Name
HIGHLAND GROVES
Township29
Carport Spaces4
WaterfrontNo
Location
LISTING UPDATED: 10/26/2022 02:01 PM
Property Details for 1481 Grove Street
Status | Sold |
---|---|
MLS # | T3381130 |
Days on Market | 39 |
Taxes | $2,747 / year |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | Residential Income / Triplex |
Year Built | 1957 |
Lot Size | 0.14 AC / 5,998 SF |
County | Pinellas County |
Location
Building Information for 1481 Grove Street
Stories-Residences3Year Built1957Building Size-Lot Size0.14 AC / 5,998 SF
Payment Calculator
$1,975 per month
The Payment Calculator is for illustrative purposes only.
Property Information for 1481 Grove Street
Property History for 1481 Grove Street
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 1481 Grove Street
Taxable ValueLand-Additions-Total-
Tax Record2023$5,397 ($450 / month)
Home Facts
Baths3Total Finished SqFt1,690 SqFtAbove Grade Finished SqFt1,690 SqFtStories1Lot Size5,998 SqFtStyleTriplexYear Built1957Year Renovated1983CountyPINELLASAPN14-29-15-38736-002-0090
Schools near 1481 Grove Street
This home is within Pinellas.
Rating | School | Type | Grades | Distance |
---|---|---|---|---|
Public - | PK to 5 | |||
Public - | 6 to 8 | |||
Public - | 9 to 12 | |||
Public - | 6 to 8 |
Rating | School | Distance |
---|---|---|
Skycrest Elementary School PublicPK to 5 | ||
Oak Grove Middle School Public6 to 8 | ||
Clearwater High School Public9 to 12 | ||
Clearwater Fundamental Middle School Public6 to 8 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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