Listing ID: T3379897
Price: $339,000
Status: Pending
Address: 1407 S Madison Avenue
City: Clearwater
State: Florida
Postal Code: 33756
Bedrooms: 4
Total Baths: 2
SqFt: 1,560
Acres: 0.120
County: Pinellas
Subdivision: Moores Geo Sub
Attention investors, do not miss this income-producing opportunity! Presenting the Madison Ave Duplex in Clearwater. Each unit is a 2 bed, 1 bath with long-term CLEAN Section 8 Tenants (7+ years and 4+ years) currently providing guaranteed rent payments on the 1st of every month. This property will produce on day 1. Rents are a little bit below market value. Seller has agreed to provide Home Warranty plan with purchase. The duplex sits on a 5,200 sqft lot. No HOA and No Flood Insurance required! Block exterior downstairs and wood framing upstairs. Separately metered electric, gas and water, tenants pay their own utilities. Both units have washer/dryer hookups inside and offer plenty of space for all of your renters' needs and belongings. Located near to beautiful Lake Bellevue and Wright Park which has tennis courts, walking trails, horseshoe courts, and facilities. Also nearby is the Ross Norton Recreation and Aquatic Complex which offers a calendar of events as well as swimming pools, fitness center, basketball courts, ping pong, skate park, youth clubs, and more! Shopping, banking, restaurants, downtown Clearwater and the Clearwater beaches are minutes away.

Primary Features

County: Pinellas
Price Before Reduction: 349500
Price Reduction Date: 2022-08-05T16:16:45+00:00
Property Sub Type: Duplex
Property Type: Residential Income
Subdivision: Moores Geo Sub
Year Built: 1971


Appliances: Disposal, Gas Water Heater, Microwave, Range, Refrigerator
Building Area Units: Square Feet
Cooling Type: Wall/Window Unit(s)
Fireplace: no
Flooring: Carpet, Ceramic Tile, Vinyl
Heating Type: Natural Gas, Wall Units / Window Unit
Interior Features: Ceiling Fans(s), Eat-in Kitchen
Laundry Features: Inside
Living Area Meters: 144.93
Living Area Source: Public Records
Living Area Units: Square Feet
Pet Size: Extra Large (101+ Lbs.)
Unit Count: 2


Association: no
Association Approval Required: no
Building Area Source: Public Records
Building Area Total: 1715
Community Features: Fitness Center, Playground, Pool, Sidewalks, Tennis Courts, Waterfront
Country: US
MLS Area Major: 33756 - Clearwater/Belleair
Senior Community: no
Township: 29
Waterfront: no


CDD: no
Contract Status: Other Contract Contingencies
Homestead: no
Mls Status: Pending
Number Of Pets: 10+
Pets Allowed: Yes
Public Survey Range: 15
Public Survey Section: 22
SDEO: no


Annual Net Income: 19000.00
Available For Lease: yes
Current Price: 339000.00
Disclosures: Lead Paint, Seller Property Disclosure
Estimated Annual Market Income: 35000.00
Financial Data Source: Owner
Gross Income: 30000
Lease Term: Twelve Months
Listing Terms: Cash, Conventional
Minimum Lease: No Minimum
Ownership: Fee Simple
Special Listing Conditions: None
Tax Annual Amount: 2175.29
Tax Book Number: 10-12
Tax Lot: 2
Tax Year: 2021
Tenant Pays: Electricity, Sewer, Water
Total Actual Rent: 2500


Additional Water Information: Walking distance to beautiful Lake Bellevue adjacent to Wright Park which is a spectacular City park with tennis courts, walking trails, and horseshoe courts.
Attached Garage: no
Carport: no
Construction Materials: Block, Concrete, Wood Frame
Exterior Features: Other
Flood Zone Code: X
Foundation Details: Slab
Garage: no
Lot Features: City Limits
Lot Size Dimensions: 52x100
Lot Size SqFt: 5200
Lot Size Square Meters: 483
New Construction: no
Number Of Units Total: 2
Parking Features: Driveway
Patio And Porch Features: Covered, Porch, Screened
Pool Private: no
Road Responsibility: Public Maintained Road
Road Surface Type: Asphalt
Roof: Shingle
Sewer: Public Sewer
Total Acreage: 0 to less than 1/4
Total Number of Buildings: 1
Utilities: Electricity Connected, Natural Gas Connected, Public, Sewer Connected, Water Connected
Water Access: no
Water Extras: no
Water Source: Public
Water View: no

Zoning Info

Listing information courtesy of Sellstate Legacy Realty.

Listing information ©My Florida Regional MLS DBA Stellar MLS 2022. All listing information is deemed reliable but not guaranteed and should be independently verified through personal inspection by appropriate professionals. Listings displayed on this website may be subject to prior sale or removal from sale. Availability of any listing should always be independently verified. Listing information is provided for consumer personal, non-commercial use, solely to identify potential properties for potential purchase. All other use is strictly prohibited and may violate relevant federal and state law. Data last updated on Wednesday, August 10th, 2022 at 10:38:35 PM.

Contact - Listing ID T3379897

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Jon Smith

100 Beach Dr NE, Suite 101
St Petersburg, FL 33701
Phone: 415-200-8584

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