1144 and 1142 7TH STREET NW

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.