FL
Pinellas
CLEARWATER
33756
1379 S MARTIN LUTHER KING JR AVENUE
1379 S MARTIN LUTHER KING JR AVENUE, CLEARWATER, FL 33756
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Listing Type
Multi Family
Listing Status
active
15
$449,000

Home Details for 1379 S MARTIN LUTHER KING JR AVENUE

Price
$449,000
Type
Residential Income
Bedrooms
5
Bathrooms
3.0
Square feet
1603
Year built
1940
Lot size acres
0.12
County
Pinellas
Garage
Days on site
0
MLS Listing#
TB8447196
Property Description

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**

Property Features
  • Cooling Information
    • Central Air
    • Wall/Window Unit(s)
  • Heating Information
    • Electric
  • Water Features
    • Public
  • House Interior
    • Other
Listing Courtesy: BLAKE REAL ESTATE INC - 727-359-0388
Listings courtesy of Stellar MLS as distributed by MLS GRID. Based on information submitted to the MLS GRID. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Listing information is provided for consumers? personal, non-commercial use, solely to identify prospective properties for potential purchase; all other use is strictly prohibited and may violate relevant federal and state law. Information deemed reliable but not guaranteed. Copyright ©2025 MLS GRID. All Rights Reserved.
Last Updated: 2025-11-13 11:47:00
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EXIT SUNCOAST REALTY
5113 Central Ave, St. Petersburg, FL 33710
Office
727 644 6010
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