Contacts
David Rosenthal
Grimaldi Commercial Realty Corp.
(813) 882-0884
Property Details
- 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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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!
Attachments
Getting around
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Location
- 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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Pleasant Inn Motel
0.61 miles
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Flamingo Motel
0.62 miles
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Comfort Suites Clearwater - Dunedin
0.71 miles
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Regal Motel
1.30 miles
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The Yachtsman
1.33 miles
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Patio Palms of Clearwater
1.35 miles
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Cimy's Motel
1.39 miles
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Sandcastle Hotel
1.47 miles
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Fenway Hotel, Autograph Collection
1.52 miles
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Hilltop Motel
1.61 miles
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Walmart Neighborhood Market
0.79 miles
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Dunedin Fresh Market
1.51 miles
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Publix
1.92 miles
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Publix
1.93 miles
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Publix
2.33 miles
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Save A Lot
2.35 miles
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Rainbow Food
2.38 miles
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Publix
2.68 miles
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Island Market
2.69 miles
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Publix
2.76 miles
In-Depth Research Available for this Property
Access more in-depth information about this property — including ownership, tenant details, property characteristics and transaction history, along with local market insights and much more — on CommercialEdge.
Contact Listing Broker
David Rosenthal
Grimaldi Commercial Realty Corp.
(813) 882-0884