615 2nd Avenue Ne, Belleair Bluffs, FL 33770

Property Description

Under contract-accepting backup offers. Rarely does an investment opportunity of this caliber and potential hit the market. Located at 615 2nd Ave NE, this solid block duplex, constructed in 1980, offers a unique and highly coveted acquisition for both the astute investor looking to expand their portfolio and the savvy homebuyer seeking to achieve financial independence by offsetting their mortgage. The property features a consistent and highly functional two-bedroom, one-bath configuration on each side. One side is currently tenant-occupied, providing immediate rental income, while the other side has been meticulously maintained by the same owner since 1990, reflecting the pride of ownership and stability that makes this such a standout asset. The property has been thoughtfully improved to ensure long-term value and peace of mind. Both service electrical panels have been updated, and the roof was replaced and permitted in 2016. Furthermore, unit B has undergone a comprehensive transformation, featuring a complete kitchen remodel with brand-new stainless steel appliances, modern luxury vinyl plank (LVP) flooring, and fresh interior paint throughout. For added flexibility and freedom, the property is situated in a non-flood zone, outside of evacuation zones, and is completely free from the constraints of HOA or deed restrictions. The location is truly exceptional, placing you within easy walking distance of the expansive Largo Central Park and the rapidly revitalizing downtown Largo district. The neighborhood has been transformed into a vibrant, modern urban hub by the new Horizon West Bay development, an $85 million initiative that has redefined the city's core. The centerpiece of this project is the new City Hall, which serves as an anchor for a walkable, pedestrian-friendly downtown environment that now features a mix of community gathering spaces, local businesses, and popular retail and dining destinations. With continued city investment and significant new developments creating a buzz in the immediate area, securing this property means staking a claim in a growing, dynamic, and high-demand neighborhood. Don’t miss your chance to own a piece of Largo’s bright and expanding future. Tenant and Owner occupied do not approach directly or walk on to property without appointment.