FL
Pinellas
CLEARWATER
33760
15501 61ST N STREET
15501 61ST N STREET, CLEARWATER, FL 33760
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Listing Type
Multi Family
Listing Status
Active
32
$699,990

Home Details for 15501 61ST N STREET

Price
$699,990
Type
Residential Income
Bedrooms
7
Total Bathrooms
3
Square feet
2512
Year built
1956
Lot size acres
0.37
County
Pinellas
MLS Listing#
TB8538782
Property Description

INVESTOR SPECIAL — fully remodeled TRIPLEX plus rentable RV pad on an oversized 0.37-acre double lot in unincorporated Pinellas County: no HOA, and short-term rentals ARE permitted. Income starts the day you close — an occupied unit paying $1,850/month plus the seller's offered 12-month leaseback at $1,550/month puts $3,400/month in place at closing, before a single new lease is signed. The rest of the upside is yours to switch on: the recently vacant 2/1 (last rented July-2027 for $1,700) is rent-ready against a $2,020 HUD Fair Market Rent, the occupied unit sits 28% below its $2,580 FMR, and the RV pad adds about $900/month once simple power and water hookups are completed. Fully leased, scheduled rents reach about $7,050/month ($84,600/year) — pro forma NOI of approximately $61,600/year, an 8.8% cap rate at list price. The heavy lifting is done: roof 2018 and solar 2021, both permitted on public record, plus fully remodeled interiors — tile floors, updated kitchens with granite island, updated baths — across two concrete-block buildings, 2,512 heated SF. Three self-contained units (a 2BR plus bonus room where one closet creates a legal third bedroom, and two 2/1s), each with central A/C and separately metered water and electric — tenants pay their own utilities. Total remaining scope roughly $0–10K: add the closet and barn door that finish the bonus room as a true third bedroom — making that unit a genuine 3/1 — and complete the simple power and water hookups for the RV pad. Minutes from US-19, St. Pete–Clearwater International Airport, downtown Clearwater, and the Gulf beaches, with deep rental demand across every strategy: buy-and-hold, DSCR buyers, house-hackers living in one unit while the others pay the mortgage, short-term rental operators, or 1031 exchange. Some exterior photos were taken prior to the 2021 solar panel installation.

Property Features
  • Utilities
    • Cable Available
    • Electricity Connected
    • Sewer Connected
    • Water Connected
  • Parking
    • Parking Pad
    • RV Access/Parking
  • Cooling Information
    • Central Air
  • Heating Information
    • Central
  • Water Features
    • Public
School Information
School Information for 15501 61ST N STREET, CLEARWATER, FL 33760
Elementary School
High Point Elementary-PN
Middle School
Fitzgerald Middle-PN
High School
Pinellas Park High-PN
Listing Courtesy: EXP REALTY LLC - 888-883-8509
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 ©2026 MLS GRID. All Rights Reserved.
Last Updated: 2026-08-15 11:20:31
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EXIT SUNCOAST REALTY
5113 Central Ave, St. Petersburg, FL 33710
Office
727 644 6010
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