498 STREMMA ROAD
About This Property
4 bedrooms, 1 bathroom, 1 carport with 1171sqft living total. PLUS FRAMED IN AREA already plumbed FOR A 2nd BATHROOM. This is an incredible OPPORTUNITY TO CUSTOMIZE A PROPERTY and make it truly your own while enjoying plenty of built-in potential. This MAIN HOME provides the perfect canvas to add your own personal style and touches. The open kitchen with comfortable size eat-in space overlooks the spacious living room. All bedrooms are generous in size with plenty of closet space. Plus a convenient INSIDE UTILITY ROOM. Neutral color tile throughout. Endless possibilities! Excellent location! In up and coming Horizon West Bay Down-town corridor, makes it a must-see for savvy buyers ready to act fast. in an area with many attractions including; walkability, convenience and entertainment. **In addition- THE FINANCIAL GAME CHANGER: Private Income Suite Potential - The true brilliance of this property lies in the ultra-versatile potential mother-in-law or rental Suite in featuring its own private entrance and FRAMED FOR dedicated full bath, this space offers immediate flexibility: Income Generator: Rent it out to substantially offset your mortgage, turning your residence into a high-performing asset. Multi-Generational Living: A private, comfortable Mother-in-Law suite. Perfect Guest or 3rd Bedroom Suite (with existing third bedroom usage). Quiet location on a well kept street. You'll be within walking distance of newly revitalized downtown Largo with tons of activities and shops, and just 3 miles to the WORLD FAMOUS BEACHES of Pinellas County! Close to public transportation, shopping, dining, Largo Central Park. One block away to city park with fishing pond and playground. This is the move-in-ready, possible income-generating home you've been waiting for.
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What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Nov 4, 2026 | Price Decreased |
$322,900
↓ $10K
(3%) | |
| Price Decreased | |||
| Oct 29, 2026 | Price Decreased |
$332,900
↓ $12K
(3.5%) | |
| Price Decreased | |||
| Oct 21, 2026 | Listed by RE/MAX REALTEC GROUP INC | $344,900 | |
| Listed by RE/MAX REALTEC GROUP INC | |||
| Jun 5, 2014 | Sold | ||
| Sold | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017