This exceptional investment opportunity includes two adjacent parcels, each featuring a separate income-producing home, offering strong rental potential and long-term development upside in a high-demand location. This property is being sold as is and must be purchased with the adjacent parcel, 1142 7th St NW, Largo, FL 33770, Parcel ID 27-29-15-71856-000-0902 for a combined price of $420000. Ideally situated near Downtown Largo, major hospitals, and only 5 miles from Clearwater Beach, this property is positioned for optimal rental income and future growth. The second home offers a 3-bedroom, 1-bathroom layout with a split floor plan that maximizes privacy and space. The open living room connects seamlessly to the rest of the home, and the large bathroom features a built-in shower and dual-line closets for ample storage. The rear bedroom includes private backyard access, leading directly to a fenced yard with a storage shed. A covered side sitting area adds to the home's functionality and charm, enhancing tenant appeal. Additionally, the roof was recently replaced in 2021. Both homes are located within the Clearwater-Largo Road (CRD) Community Redevelopment District, and align with the Future Land Use designations outlined in Table 6-2 of the Largo Municode Library, allowing for flexible redevelopment options, including mixed-use or multi-family development (subject to city approval). This property is being sold AS IS, making it an ideal turnkey addition to your investment portfolio with current cash flow and significant future potential.
| Elementary School |
Mildred Helms Elementary-PN |
| Jr. High School |
Largo Middle-PN |
| High School |
Largo High-PN |
| AIR |
Wall/Window Unit(s) |
| AIR CONDITIONING |
Yes |
| APPLIANCES |
Dryer, Electric Water Heater, Range, Range Hood, Refrigerator, Washer |
| AREA |
33770 - Largo/Belleair Bluffs |
| CONSTRUCTION |
Frame, Vinyl Siding |
| EXTERIOR |
Lighting, Storage |
| HEAT |
Ductless |
| INTERIOR |
Built-in Features, Eat-in Kitchen, Open Floorplan |
| LOT |
3920 sq ft |
| LOT DESCRIPTION |
Irregular Lot, Near Public Transit, Paved |
| LOT DIMENSIONS |
36x121 |
| PARKING |
Off Street |
| SEWER |
Public Sewer |
| STORIES |
1 |
| SUBDIVISION |
PLACID LAKE SUB |
| TAXES |
1904 |
| UTILITIES |
Cable Available, Electricity Connected, Sewer Connected, Water Connected |
| WATER |
Public |
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Listing provided by Chase Walseth, KELLER WILLIAMS REALTY PORTFOLIO COLLECTION, 727-489-0800
The information contained herein has been provided by My Florida Regional MLS DBA Stellar MLS. IDX information is provided exclusively for consumers' personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the MLS. Listings last updated 10/27/25 12:03 PM PDT.
This IDX solution is (c) Diverse Solutions 2025.
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