Sarasota's Premier Homes

1144 and 1142 7TH STREET NW

LARGO , FL 33770

MLS#: TB8400301

$420,000

Status: Active
Listing number: TB8400301
Listing provided by: KELLER WILLIAMS REALTY PORTFOLIO COLLECTION
Listing agent phone: None
Last update: 19 days ago
On site: a month ago
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PLACID LAKE SUB - Residential Income

Property

Beds

5

Full Baths

None

1/2 Baths

None

Year Built

1952

Sq.Footage

1,188

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 replaced—one in 2021 and the other in 2022—offering 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 region’s most strategically evolving corridors.

Features & Amenities

Interior

  • Other Interior Features

    Open Floorplan, Walk-In Closet(s)

  • Total Bedrooms

    5

  • Bathrooms

    N/A

  • Cooling YN

    YES

  • Cooling

    N/A

  • Fireplace YN

    NO

  • Heating YN

    YES

  • Heating

    Ductless

Exterior

  • Garage

    No

  • Construction Materials

    Stucco, Vinyl Siding, Frame

  • Other Exterior Features

    Storage

  • Parking

    Off Street

  • Pool

    No

  • Waterfront YN

    NO

Area & Lot

  • Lot Features

    Near Public Transit, Paved

  • Lot Size(acres)

    0.16

  • Property Type

    Residential Income

  • Property Sub Type

    Duplex

Price

  • Sales Price

    $420,000

  • Tax Amount

    1904.0

  • Sq. Footage

    1, 188

  • Price/SqFt

    $353

HOA

  • Association

    NO

School District

  • Elementary School

    Mildred Helms Elementary-PN

  • Middle School

    Largo Middle-PN

  • High School

    Largo High-PN

Property Features

  • Foundation Details

    Pillar/Post/Pier, Slab

  • Ownership

    Fee Simple

  • Senior Community YN

    NO

  • Sewer

    Public Sewer

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Location

County

Pinellas

Elementary School

Mildred Helms Elementary-PN

Middle School

Largo Middle-PN

High School

Largo High-PN

Listing Courtesy of Chase Walseth , KELLER WILLIAMS REALTY PORTFOLIO COLLECTION

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Agent MichaelGraf

Business Coach | Executive Sales Associate | Realtor®

MichaelGraf

Call Michael today to schedule a private showing.

(941) 315-6980

michael@thegrafgroupvip.com


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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 replaced—one in 2021 and the other in 2022—offering 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 region’s most strategically evolving corridors.

1144 and 1142 7TH STREET NW

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