$399,997

Description

NOW OFFERING $5,000 SELLER CLOSING CREDIT THROUGH OCT 31st. TURNKEY INVESTMENT | TENANT IN PLACE THROUGH 6/30/27 | $2,700/MO | FULLY REBUILT 2024 | NOT IN A FLOOD ZONE Cash-flowing investment opportunity in Clearwater/Largo, minutes from Clearwater Beach. 1574 Ewing Avenue was taken down to the slab and completely rebuilt in 2024 — new roof, new AC, new plumbing, new electrical, and hurricane-impact windows and doors throughout. This isn't a deferred-maintenance flip; it's a near-new-construction asset with a signed lease and reliable rent already in place, making it an ideal buy-and-hold or 1031 exchange acquisition. Current Lease: Tenant occupied on a lease through June 30, 2027 at $2,700/month, tenant responsible for electric and internet. Owner covers water, sewer, and waste (may be a candidate for pass-through/adjustment at renewal). New owner steps into immediate, uninterrupted rental income with no leasing downtime, no make-ready costs, and no vacancy risk for the next lease term. Property Highlights: 3 Bedrooms | 2 Full Bathrooms | 1,324 Sq Ft Complete ground-up rebuild to near-new-construction standard (2024) New roof, HVAC, plumbing, and electrical systems Hurricane-impact windows and doors NOT located in a flood zone High ceilings, open living area, updated kitchen and baths Inside laundry room, washer/dryer included Screened porch and fully fenced backyard Driveway parking for up to 3 vehicles No HOA Minutes to Clearwater Beach, shopping, dining, and Tampa Bay employment corridors Why It Works for Investors: Recent full rebuild minimizes near-term capex exposure (roof, AC, plumbing, electrical, windows all new in 2024) Below-average deferred maintenance risk relative to typical 1970s/80s-era Pinellas County rental stock Locked-in rent with a tenant through mid-2027 supports predictable NOI from day one No HOA restrictions or fees to erode returns Strong rental demand corridor near Clearwater Beach, hospitals, and retail/dining density Sold subject to the existing lease. Buyer to verify lease terms, rent roll, and all information independently. Showings coordinated around tenant's right to quiet enjoyment — please allow advance notice.