- For Sale $1,100,000
- Property Type Multi-Family
- Property Size 3,022 SF
- Units 4
- Lot Size 0.34 Acre
- Parking Spaces Avail. 11
- Property Tenancy Multi-Tenant
- Year Built 1954
- Year Renovated 2022
- Date Updated Mar 29, 2024
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Attachments
Highlights
- 2 DUPLEXES LOCATED IN CLEARWATER FLORIDA, MINUTES FROM WOULD-FAMOUS CLEARWATER BEACH!
- EXTREMELY LOW RENTAL RATES IN PLACE AT THE PROPERTY GIVING THE BUYER MASSIVE UPSDIE!
- 100% OCCUPIED, WITH SHORT-TERM LEASES IN PLACE.
- CURRENT RENTAL RATES ARE ALMOST $350 PER UNIT BELOW THE MARKET AVERAGE RENTAL RATE!
- THE UNITS ARE IN FANTASTIC CONDITION AND HAVE BEEN RECENTLY UPDATED IN 2022!
- 7% CAP RATE IN PLACE!
- 8% CAP RATE IN 2025!
- 9% CASH-ON-CASH RETURN IN 2025!
- 9% CAP RATE IN 2026!
- 11% CASH-ON-CASH RETURN IN 2026!
- LARGE UNITS WITH SPACIOUS BACKYARDS! UPDATED ROOFS AND HVAC UNITS IN THE PAST 5 YEARS!
- EASY TO MANAGE FOR A LOCAL OR OUT-OFSTATE INVESTOR!
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Contacts
David Rosenthal
Grimaldi Commercial Realty Corp.
(813) 882-0884
Location
Getting Around
-
Walk Score ®
Car-Dependent (39) -
Transit Score ®
Some Transit (31) -
Bike Score ®
Bikeable (60)
- City Clearwater, FL
- Neighborhood Downtown Clearwater
- Zip Code 33755
- Market Tampa St Petersburg Clearwater
Points of Interest
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Chevron
1.27 miles
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BP
1.49 miles
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Speedway
1.86 miles
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Rally
1.91 miles
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Chevron
1.92 miles
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Mobil
1.93 miles
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Nick's Citgo
1.98 miles
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Live Greener with Gas
2.01 miles
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Citgo
2.27 miles
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Speedway
2.48 miles
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Garden Avenue Parking Garage
1.48 miles
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Franklin Saint Flag Parking
1.67 miles
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Public Parking
1.83 miles
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Public Parking Lot
1.92 miles
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City of Clearwater Parking Lot #32
2.86 miles
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12th Avenue Beach Access Park
7.30 miles
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Seminole High School Student Parking Lot
9.49 miles
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Seminole High School Visitor Parking Lot
9.61 miles
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Seminole High School East Faculty Parking Lot
9.62 miles
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Seminole High School West Faculty Parking Lot
9.66 miles
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foodTruck
0.37 miles
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Checkers
0.75 miles
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Tony's Pizzeria & Ristorante
1.56 miles
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Mana Mana Middle Eastern Restaurant
1.56 miles
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La Cabana Del Tio
1.68 miles
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China Wok
1.78 miles
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The Gaelic Dish
1.79 miles
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Casa Tina
1.87 miles
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Pan y Vino
1.87 miles
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Dunedin Smokehouse
1.88 miles
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Sandy Lane Elementary School
0.33 miles
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Calvin Hunsinger School
0.36 miles
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Curtis School
0.41 miles
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Palmetto School
0.44 miles
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Former Curtis Fundamental Elementary School
0.47 miles
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Success Center
0.52 miles
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Kings Highway School
0.52 miles
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Clearwater Intermediate School
0.61 miles
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True School
0.64 miles
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Highland Park School
0.90 miles
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Sunset Point Preschool
0.59 miles
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Little Learning Preschool
0.65 miles
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Rainbow Recovery
2.28 miles
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Little People's Place
2.80 miles
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La Petite Academy
4.69 miles
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Abundance Childcare and Learnign Center
5.06 miles
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KinderCare
5.11 miles
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New Beginnings Pre-School and Day Care
6.98 miles
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Camelot School
7.08 miles
Contact Listing Broker
David Rosenthal
Grimaldi Commercial Realty Corp.
(813) 882-0884