Description

This beautifully maintained duplex in the heart of Tarpon Springs presents an outstanding investment opportunity with strong income potential and flexible rental options. Located on a private road at 1812 Poinsettia Ave, each unit offers 2 bedrooms and 1 full bathroom with identical mirrored layouts and spacious floorplans.A major renovation completed in 2015 included extensive upgrades throughout both units, including all new central HVAC systems with interior air handlers and exterior compressors (2014), electrical receptacles, lighting fixtures, switches, ceiling fans, appliances, kitchen and bathroom cabinetry and countertops, interior plumbing drain lines, shower valves, tub spouts, faucets, sinks, tile and laminate flooring throughout (no carpet), as well as fresh interior and exterior paint. Additional improvements include a new roof (2014) and a backyard storage shed. Recent updates feature new water heaters (2026), new double-pane windows (2024), and a brand-new vinyl fence. Separate water and electric meters provide added convenience for owners and tenants alike.The property is currently operating as a successful mid-term rental, generating approximately $65,622 Gross Income giving you a $29,000 net income annually at an 85% occupancy rate, leaving room for additional upside potential. Investors also have the option to transition to annual leases, with estimated rental income of approximately $1,600 per month per unit, producing an estimated gross annual income of $38,400. Furnishings may also be available for purchase, offering a turnkey opportunity for buyers looking to continue operating as a mid-term rental.This property is ideal for both seasoned investors and first-time rental property owners. Live in one unit while generating income from the other, or maximize cash flow by renting both units. Conveniently situated between US-19 and Alternate 19, and just minutes from historic downtown Tarpon Springs, Fred Howard Park, beaches, fishing, the Pinellas Trail, nature parks, recreational facilities, shopping, dining, and entertainment. Nearby conveniences include Walmart, The Home Depot, Publix, ALDI, restaurants, public transportation, and more.Don't miss the opportunity to own this well-maintained, income-producing property in one of Tarpon Springs' most desirable and rapidly growing areas.