Exceptional investment opportunity in perfect Clearwater location. Featuring a 6-unit multifamily property on an oversized lot with abundant on-site parking and additional owner storage shed. This professionally managed asset offers strong cash flow with an excellent cap rate and 5 of 6 units currently occupied, providing immediate income with one… Read More vacant unit available for easy showings or owner occupancy. All units have been renovated and in great shape! This is ideal for investors seeking a stable, turnkey asset in a high-demand rental corridor near Dunedin and Clearwater. The flexible layout presents multiple strategies: continue operating as a high-performing income property, increase rents over time, or live in the larger primary unit while the remaining units offset expenses and generate passive income. Tenants love the location with quick access to vibrant downtown Dunedin restaurants, breweries, shopping, and waterfront parks. Enjoy stunning Gulf Coast sunsets along Edgewater Drive and easy access to world-famous Clearwater Beach. Convenient to major employment centers, beaches, recreation, and entertainment, this property has consistently attracted reliable tenants and has been easy to lease. Additional highlights include ample parking, large lot size with future potential, owner storage, strong rental history, and pride of ownership throughout. Property has experienced no flooding or storm-related issues during ownership, offering added confidence for long-term investors. Rare opportunity to acquire a well-positioned multifamily asset in one of Pinellas County’s most desirable rental markets. Read Less
Courtesy of ENGEL & VOLKERS BELLEAIR 727-461-1000
Listing Snapshot
Days Online
1
Last Updated
Property Type
Multi-Family 5+
Square Ft.
4,093
Lot Size
0.42 Acres
Year Built
1946
MLS Number
TB8513340
Additional Details
Property Access
Frontage Type: City Street, Road Surface: Paved
Appliances & Equipment
Microwave, Refrigerator
Building
Built in 1946, Living area: 3633, Living area units: Square Feet, Building faces West, 1 storey, Construction Materials: HardiPlank Type, Frame, Wood Siding
Cooling
Central Air, Wall/Window Unit(s)
Floors
Laminate, Tile
Foundation
Slab
Heating
Central, Ductless
Income
Gross Income: $85,200, Rent Only
Lot
0.42 acres, Dimensions: 60x304, Near Golf Course, Near Public Transit, Sidewalk, Street Lights, Paved, Trees/Landscaped
Parking
Lighted, Shared Parking
Property
Other structures: Storage
Roof
Shingle
Security Features
Smoke Detector(s)
Sewer
Public Sewer
Taxes
Additional parcels description:, Parcel Number: 03-29-15-88092-000-0230, Public Survey Range: 15, Public Survey Section: 03, Annual Amount: $10,414.7, Tax Block: 000, Tax Book Number: 4-56, Legal Description: SUNSET POINT A REPLAT LOT 23 (PER OR 5132/409), Lot: 23, Year: 2025
Utilities
Water Source: Public, 6 separate electric meters, 3 separate water meters
Windows
Blinds
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