This exceptional investment opportunity includes two adjacent parcels, each featuring a separate income producing home, offering strong rental potential and long term development upside in a high demand location. This property is being sold as is and must be purchased with the adjacent parcel, 1142 7th St NW, Largo, FL 33770, Parcel ID 27 29 15 71856 000 0902 for a combined price of $420000. Ideally situated near Downtown Largo, major hospitals, and only 5 miles from Clearwater Beach, this property is positioned for optimal rental income and future growth. The second home offers a 3 bedroom, 1 bathroom layout with a split floor plan that maximizes privacy and space. The open living room connects seamlessly to the rest of the home, and the large bathroom features a built in shower and dual line closets for ample storage. The rear bedroom includes private backyard access, leading directly to a fenced yard with a storage shed. A covered side sitting area adds to the home's functionality and charm, enhancing tenant appeal. Additionally, the roof was recently replaced in 2021. Both homes are located within the Clearwater Largo Road (CRD) Community Redevelopment District, and align with the Future Land Use designations outlined in Table 6 2 of the Largo Municode Library, allowing for flexible redevelopment options, including mixed use or multi family development (subject to city approval). This property is being sold AS IS, making it an ideal turnkey addition to your investment portfolio with current cash flow and significant future potential.
This exceptional investment opportunity includes two adjacent parcels, each featuring a separate income producing home, offering strong rental potential and long term development upside in a high demand location. This property is being sold as is and must be purchased with the adjacent parcel, 1142 7th St NW, Largo, FL 33770, Parcel ID 27 29 15 71856 000 0902 for a combined price of $420000. Ideally situated near Downtown Largo, major hospitals, and only 5 miles from Clearwater Beach, this property is positioned for optimal rental income and future growth. The second home offers a 3 bedroom, 1 bathroom layout with a split floor plan that maximizes privacy and space. The open living room connects seamlessly to the rest of the home, and the large bathroom features a built in shower and dual line closets for ample storage. The rear bedroom includes private backyard access, leading directly to a fenced yard with a storage shed. A covered side sitting area adds to the home's functionality and charm, enhancing tenant appeal. Additionally, the roof was recently replaced in 2021. Both homes are located within the Clearwater Largo Road (CRD) Community Redevelopment District, and align with the Future Land Use designations outlined in Table 6 2 of the Largo Municode Library, allowing for flexible redevelopment options, including mixed use or multi family development (subject to city approval). This property is being sold AS IS, making it an ideal turnkey addition to your investment portfolio with current cash flow and significant future potential.
Features
Building and Construction
Covered Spaces: 0.00
Exterior Features: Lighting, Storage
Fencing: Fenced
Flooring: Ceramic Tile
Living Area: 588.00
Other Structures: Shed(s)
Roof: Built-Up
Land Information
Lot Features: City Limits, In County, Irregular Lot, Near Public Transit, Paved
School Information
High School: Largo High-PN
Middle School: Largo Middle-PN
School Elementary: Mildred Helms Elementary-PN
Garage and Parking
Garage Spaces: 0.00
Open Parking Spaces: 0.00
Parking Features: Off Street
Eco-Communities
Water Source: Public
Utilities
Carport Spaces: 1.00
Cooling: Wall/Window Unit(s)
Heating: Ductless
Pets Allowed: Yes
Sewer: Public Sewer
Utilities: BB/HS Internet Available, Cable Available, Electricity Connected, Public, Sewer Connected, Water Connected
Finance and Tax Information
Home Owners Association Fee: 0.00
Insurance Expense: 0.00
Net Operating Income: 0.00
Other Expense: 0.00
Tax Year: 2024
Other Features
Appliances: Dryer, Electric Water Heater, Range, Range Hood, Refrigerator, Washer
Legal Description: PLACID LAKE SUB PART OF TRACT 9 BEG MOST N'LY COR SD TR 9 FOR POB TH SW'LY ALG NW'LY BNDRY 131.2FT TO MOST W'LY COR TH SE'LY ALG SW'LY BNDRY 44.65FT TH NE'LY 110FT(S) TO A POINT 20FT S'LY OF MOST N'LY COR OF SD TR 9 TH N'LY 20FT TO POB
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