Clearwater, FL 33756,1287 PIERCE ST
Clearwater, FL 33756,1287 PIERCE ST
Clearwater, FL 33756,1287 PIERCE ST
9
$1,315,000
$1,300,000
1.2%
Est.Price: ?

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5,590 SqFt

1287 PIERCE ST Clearwater, FL 33756

Est. payment /mo
SOLD DATE : 04/25/2022

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Key Details

Sold Price $1,315,000

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Sold

Purchase Type For Sale

Square Footage 5,590 sqft

Price per Sqft $235

Subdivision Hibiscus Gardens

MLS Listing ID A4530737

Sold Date 04/25/22

Construction Status Inspections

HOA Y/N No

Year Built 1960

Annual Tax Amount $10,810

Lot Size 0.310 Acres

Acres 0.31

Lot Dimensions 100x122

Property Description

Great investment opportunity! In the last five years we have run about a 98% occupancy rate. The only vacancy periods during the last five years have been for renovation work when a tenant has moved out. These units have been very easy to rent (as we are currently renting well under market) and as a result we have experienced little turnover while maintaining a strong tenant base. The property consists of two well-maintained, concrete block buildings. The first is a two-story building which houses three units on each floor. The second building is a duplex design. There are a total of seven Two-Bedroom units and one One-Bedroom unit in all, each containing One Bathroom apiece. All eight units are tiled and have central A/C. They are also separately metered for water/electric which is paid by the tenant (trash included). In addition, the property has its own laundry facilities on site that produces additional income. The property provides ample parking for its tenants. Conveniently located just 1.5 miles from the nearest shopping center and 3.5 miles to the beach. This property is not in a flood zone and flood insurance is not required for bank lending.

Location

State FL

County Pinellas

Community Hibiscus Gardens

Interior

Interior Features Ninguno

Heating Central

Cooling Central Air

Fireplace false

Exterior

Exterior Feature Other

Utilities Available Cable Available, Electricity Connected

Roof Type Shingle

Garage false

Private Pool No

Building

Entry Level Two

Foundation Slab

Lot Size Range 1/4 to less than 1/2

Sewer Public Sewer

Water Private

Structure Type Block, Stucco

New Construction false

Construction Status Inspections

Others

Senior Community No

Ownership Fee Simple

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Special Listing Condition None

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Stellar MLS
Listed by STARZ REAL ESTATE, LLC
Bought with STONEBRIDGE REAL ESTATE CO

Learn More About LPT Realty

agent

Chad Palcic

Agent | License ID: 3559112

+1(724) 317-6577

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