Property Description

This beautifully maintained duplex offers strong income potential, flexible rental options, and an ideal location on a private road at 1812 Poinsettia Ave. Each unit features 2 bedrooms, 1 full bathroom, mirrored layouts, and spacious floor plans designed for comfortable living.A major renovation completed in 2015 brought extensive updates throughout both units, including central HVAC systems (2014) with interior air handlers and exterior compressors, updated electrical receptacles, lighting fixtures, switches, ceiling fans, appliances, kitchen and bathroom cabinetry, countertops, interior plumbing drain lines, shower valves, faucets, sinks, and durable tile and laminate flooring throughout (no carpet). Additional improvements included a new roof (2014), fresh interior and exterior paint, and a backyard storage shed.More recent updates enhance the property even further, including new double-pane windows (2024), new water heaters (2026), luxury vinyl plank flooring (2022), updated interior paint (2022), new ceiling and light fixtures, and a brand-new vinyl fence. Separate water and electric meters provide added convenience and efficiency for both owners and tenants.Currently operating as a successful mid-term rental, the property generates approximately $65,622 in gross annual income, with an estimated net income of approximately $29,000 annually at 85% occupancy, leaving room for future upside potential. Investors also have the flexibility to transition to traditional annual leases, with projected rental income of approximately $1,600 per month per unit, equating to an estimated $38,400 in gross annual income. Furnishings may be available for purchase, offering a potential turnkey investment opportunity for buyers looking to continue the mid-term rental operation.Perfect for both seasoned investors and first-time rental property owners, this duplex offers the flexibility to live in one unit while generating income from the other, or maximize cash flow by leasing both units.Ideally located between US-19 and Alternate 19, and just minutes from historic downtown Tarpon Springs, residents enjoy convenient access to beaches, parks, fishing, the Pinellas Trail, shopping, dining, entertainment, and everyday conveniences. Nearby attractions include Fred Howard Park, plus easy access to grocery stores, restaurants, public transportation, and more.Don't miss this opportunity to own a well-maintained, income-producing property in one of Tarpon Springs' most desirable and rapidly growing areas!

Property Features

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