15501 61st Street N, Clearwater, FL 33760
Local realty services provided by:Better Homes and Gardens Real Estate Lifestyles Realty
Listed by: carissa white
Office: exp realty llc.
MLS#:TB8538782
Source:MFRMLS
Price summary
- Price:$699,990
- Price per sq. ft.:$250.8
About this home
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....
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Home facts
- Year built:1956
- Subdivision & Development:MUNDAYS ADD TO FOUR PINES
- Listing ID #:TB8538782
- Added:1 day(s) ago
- Updated:August 15, 2026 at 05:38 PM
Rooms and interior
- Bedrooms:7
- Total bathrooms:3
- Flooring:Luxury Vinyl, Tile
- Dining Description:Living Room/Dining Room Combo
- Kitchen Description:Kitchen/Family Room Combo
- Basement Description:Block
- Living area:2,512 sq. ft.
Heating and cooling
- Cooling:Central Air
- Heating:Central
- Central air:Yes
Structure and exterior
- Roof:Shingle
- Year built:1956
- Building area:2,512 sq. ft.
- Lot area:0.37 Acres
- Construction Materials:Stucco
- Exterior Features:Fence, Private Mailbox, Sidewalk
- Foundation Description:Block
- Levels:1 Story
Schools
- High school:Pinellas Park High-PN
- Middle school:Fitzgerald Middle-PN
- Elementary school:High Point Elementary-PN
Utilities
- Water:Public, Water Connected
- Sewer:Public Sewer, Sewer Connected
Finances and disclosures
- Price:$699,990
- Price per sq. ft.:$250.8
- Tax amount:$5,866 (2025)
Features and amenities
- Laundry features:Electric Dryer Hookup, Inside, Washer Hookup
- Amenities:Cable Available, Ceiling Fans(s), Kitchen/Family Room Combo, Living Room/Dining Room Combo
- Pool features:Public Pool
Parking
- Parking description:Parking Pad, RV Access/Parking
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