Address: 1144 And 1142 7th Street Nw, LARGO, FL 33770
Description
This rare investment opportunity features two adjacent parcels, each with its own rental home, offering immediate income potential along with long term development upside. Located in a prime area near Downtown Largo, major hospitals, and just five miles from Clearwater Beach, the properties are ideally situated to attract a strong, year round tenant base. Each home has a functional and appealing layout. The first home offers an open concept living space with a front bedroom that includes an en suite bath and walk in closet. A second bedroom, located past the kitchen, boasts its own spacious en suite bathroom along with a washer and dryer. Tenants will also enjoy a private rear sitting area and access to a large shared backyard, enhancing both comfort and rental value.
The second home features a 3 bedroom, 1 bathroom layout with a split floor plan that maximizes privacy. The open living room flows seamlessly into the rest of the home, and the large bathroom includes a built in shower and dual line closets for ample storage. The rear bedroom provides private access to a fenced backyard with a storage shed, and a covered side sitting area adds charm and additional outdoor living space. Both homes have had their roofs recently replacedone in 2021 and the other in 2022offering added peace of mind for investors.
These parcels are located within the Clearwater Largo Road (CRD) Community Redevelopment District and fall under the Future Land Use designations outlined in Table 6 2 of the Largo Municode Library. This zoning makes them strong candidates for future mixed use or multi family development, subject to city approval. Whether you're seeking to expand your rental portfolio or pursue a redevelopment project, this property offers a rare combination of flexibility, location, and income producing potential. Being sold AS IS, this turnkey investment allows you to capitalize on current cash flow while planning for future growth in one of the regions most strategically evolving corridors.
This rare investment opportunity features two adjacent parcels, each with its own rental home, offering immediate income potential along with long term development upside. Located in a prime area near Downtown Largo, major hospitals, and just five miles from Clearwater Beach, the properties are ideally situated to attract a strong, year round tenant base. Each home has a functional and appealing layout. The first home offers an open concept living space with a front bedroom that includes an en suite bath and walk in closet. A second bedroom, located past the kitchen, boasts its own spacious en suite bathroom along with a washer and dryer. Tenants will also enjoy a private rear sitting area and access to a large shared backyard, enhancing both comfort and rental value.
The second home features a 3 bedroom, 1 bathroom layout with a split floor plan that maximizes privacy. The open living room flows seamlessly into the rest of the home, and the large bathroom includes a built in shower and dual line closets for ample storage. The rear bedroom provides private access to a fenced backyard with a storage shed, and a covered side sitting area adds charm and additional outdoor living space. Both homes have had their roofs recently replacedone in 2021 and the other in 2022offering added peace of mind for investors.
These parcels are located within the Clearwater Largo Road (CRD) Community Redevelopment District and fall under the Future Land Use designations outlined in Table 6 2 of the Largo Municode Library. This zoning makes them strong candidates for future mixed use or multi family development, subject to city approval. Whether you're seeking to expand your rental portfolio or pursue a redevelopment project, this property offers a rare combination of flexibility, location, and income producing potential. Being sold AS IS, this turnkey investment allows you to capitalize on current cash flow while planning for future growth in one of the regions most strategically evolving corridors.
Features
Building and Construction
Covered Spaces: 0.00
Exterior Features: Fence, Storage
Living Area: 1188.00
Roof: Built-Up, Shingle
Land Information
Lot Features: City Limits, In County, Near Public Transit, Paved
School Information
High School: Largo High-PN
Middle School: Largo Middle-PN
School Elementary: Mildred Helms Elementary-PN
Garage and Parking
Garage Spaces: 0.00
Open Parking Spaces: 0.00
Parking Features: Off Street
Eco-Communities
Water Source: Public
Utilities
Carport Spaces: 1.00
Cooling: Wall/Window Unit(s)
Heating: Ductless
Pets Allowed: Yes
Sewer: Public Sewer
Utilities: BB/HS Internet Available, Cable Available, Electricity Connected, Public, Sewer Connected, Water Connected
Finance and Tax Information
Home Owners Association Fee: 0.00
Insurance Expense: 0.00
Net Operating Income: 0.00
Other Expense: 0.00
Tax Year: 2024
Other Features
Appliances: Dryer, Electric Water Heater, Range, Range Hood, Refrigerator, Washer
Legal Description: PLACID LAKE SUB PART OF TRACT 9 BEG MOST N'LY COR SD TR 9 FOR POB TH SW'LY ALG NW'LY BNDRY 131.2FT TO MOST W'LY COR TH SE'LY ALG SW'LY BNDRY 44.65FT TH NE'LY 110FT(S) TO A POINT 20FT S'LY OF MOST N'LY COR OF SD TR 9 TH N'LY 20FT TO POB
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