1379 S MARTIN LUTHER KING JR AVENUE CLEARWATER FL 33756 MLS #TB8447196

Triplex Investment Opportunity in a prime location between downtown Clearwater and Belleair
This rare triplex presents a cash flow opportunity for investors. Conveniently situated between downtown Clearwater and Belleair, the property boasts a superb location facing Lake Belleview and is directly across from Ross Norton Recreation Center and Ed C. Wright Park. A short drive will take you to some of the best beaches in the US at Clearwater, Belleair Beach, Indian Rocks Beach to name a few.

The triplex is currently fully rented and ready for a new owner to benefit from its steady income with a CAP rate of ~8.7 calculated with the current rents, expenses and the asking price. It consists of three separate units:
• Unit 1: 3 bedrooms, 1 bathroom — currently leased and occupied at $1,700 per month.
• Unit 2: 2 bedrooms, 1 bathroom — leased and occupied at $1,800 per month. This unit has been recently remodeled.
• Unit 3: Studio — leased at $1,100 per month.
Recent Property Updates
• Roof replaced in 2021
• A/C replaced in 2021
Contact your agent today to schedule a showing! Appointment Only ***Do Not Disturb Tenants**