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547 WILDWOOD WAY Clearwater, FL 33756
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Key Details
Sold Price $507,950
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Sold
Purchase Type For Sale
Square Footage 2,425 sqft
Price per Sqft $209
Subdivision Belleair Highlands
MLS Listing ID U8186740
Sold Date 08/30/23
Bedrooms 7
Construction Status Inspections
HOA Y/N No
Originating Board Stellar MLS
Year Built 1928
Lot Size 10,890 Sqft
Acres 0.25
Lot Dimensions 75X145
Property Description
Under contract-accepting backup offers. Buyers lost the opportunity to purchase this one-of-a-kind investment income producing property due to their inability to produce an approval of their loan. This property offers 3 detached buildings with a total of 4 units, consisting of 2 - 1/1 units in one building, a 2/1 detached building, and a 3/1 detached building. Plenty of parking for all tenants off the street. Located just minutes to downtown Clearwater, Belleair and the beaches hospital and shopping. The 2 - 1/1 units have been completely remodeled, the 2/1 is going through a complete remodeling. and the 3/1 is in ok condition.
This property has a high rental income potential for the new owner. There is plenty of value-add to this property making it more appealing to the future owners.
All units are vacant, making it feasible to the new owner to come in and start their updates and or repairs right away without going through the process of eviction process. While the 2 1/1 units are completely updated, these can be rented right away while finishing the work on the other 2 buildings.
CAP RATE of 6.5%, call today to schedule your showing before it is gone.
Location
State FL
County Pinellas
Community Belleair Highlands
Zoning MDR
Interior
Interior Features Ceiling Fans(s), Master Bedroom Main Floor, Vaulted Ceiling(s)
Heating Central, Wall Units / Window Unit
Cooling Central Air
Flooring Tile
Furnishings Unfurnished
Fireplace false
Appliance Dryer, Electric Water Heater, Exhaust Fan, Range, Range Hood, Refrigerator, Washer
Laundry Laundry Room, Outside
Exterior
Exterior Feature Fence, Storage
Garage Off Street
Utilities Available Cable Connected, Electricity Connected, Public, Street Lights, Underground Utilities, Water Connected
Waterfront false
View City
Roof Type Shingle
Parking Type Off Street
Garage false
Private Pool No
Building
Lot Description Corner Lot, City Limits, Paved
Entry Level One
Foundation Crawlspace, Slab
Lot Size Range 1/4 to less than 1/2
Sewer Public Sewer
Water Public
Structure Type Wood Frame, Wood Siding
New Construction false
Construction Status Inspections
Schools
Elementary Schools Belleair Elementary-Pn
Middle Schools Largo Middle-Pn
High Schools Largo High-Pn
Others
Senior Community No
Ownership Fee Simple
Acceptable Financing Cash, Conventional, Special Funding
Listing Terms Cash, Conventional, Special Funding
Special Listing Condition None
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© 2024 My Florida Regional MLS DBA Stellar MLS. All Rights Reserved.
Bought with BLUMAR REALTY INC.
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