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Cindy Coldren

cincold@gmail.com +1(352) 409-2872

$ 449,900

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1812 POINSETTIA AVE Tarpon Springs, FL 34689

4 Beds

2 Baths

1,679 SqFt

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Duplex

Listing Status Active

Purchase Type For Sale

Square Footage 1,679 sqft

Price per Sqft $267

Subdivision Alta Vista Sub

MLS Listing ID TB8510924

Bedrooms 4

HOA Y/N No

Year Built 1987

Annual Tax Amount $5,746

Lot Size 9,583 Sqft

Acres 0.22

Lot Dimensions 75x130

Property Sub-Type Duplex

Source Stellar MLS

New Construction false

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!

Location

State FL

County Pinellas

Community Alta Vista Sub

Area 34689 - Tarpon Springs

Zoning R-4

Rooms

Other Rooms Inside Utility

Interior

Interior Features Ceiling Fans(s), High Ceilings, Living Room/Dining Room Combo, Solid Surface Counters, Thermostat, Vaulted Ceiling(s)

Heating Central

Cooling Central Air

Flooring Tile, Vinyl

Fireplace false

Appliance Built-In Oven, Disposal, Electric Water Heater, Exhaust Fan, Ice Maker, Range, Range Hood, Refrigerator

Laundry Laundry Closet

Exterior

Exterior Feature Fence, Rain Gutters, Storage

Parking Features Off Street

Community Features Street Lights

Utilities Available Cable Connected, Electricity Connected, Water - Multiple Meters, Water Available

View Trees/Woods

Roof Type Shingle

Porch Porch

Garage false

Private Pool No

Building

Lot Description Private, Unincorporated

Entry Level One

Foundation Slab

Lot Size Range 0 to less than 1/4

Sewer Septic Tank

Water Public

Structure Type Frame

New Construction false

Schools

Elementary Schools Tarpon Springs Elementary-Pn

Middle Schools Tarpon Springs Middle-Pn

High Schools Tarpon Springs High-Pn

Others

Pets Allowed Yes

Senior Community No

Ownership Fee Simple

Acceptable Financing Cash, Conventional, FHA, VA Loan

Membership Fee Required None

Listing Terms Cash, Conventional, FHA, VA Loan

Special Listing Condition None

Virtual Tour https://www.propertypanorama.com/instaview/stellar/TB8510924

Listed by Ramez Lahham YOU FIRST REALTY AND ASSOC LLC

NEARBY SCHOOLS & PROPERTIES

Cindy Coldren

Agent

+1(352) 409-2872

Cindy Coldren

1812 POINSETTIA AVE Tarpon Springs, FL 34689

Key Details

Location

Rooms

Interior

Exterior

Building

Schools

Others

NEARBY SCHOOLS & PROPERTIES

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