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Angel Crowson

ateamleads2018@gmail.com +1(386) 785-5888

$ 1,299,000

Est. payment -/mo

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115 N SAN REMO AVE Clearwater, FL 33755

14 Beds

8 Baths

8,230 SqFt

UPDATED:

02/03/2025 01:47 AM

Key Details

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 8,230 sqft

Price per Sqft $157

Subdivision Highland Groves

MLS Listing ID A4638720

Bedrooms 14

HOA Y/N No

Originating Board Stellar MLS

Year Built 1971

Annual Tax Amount $14,472

Lot Size 0.290 Acres

Acres 0.29

Lot Dimensions 120x100

Property Description

Prime 8-Unit Multifamily Investment Opportunity. Located in Clearwater's vibrant East Gateway District, this 8-unit multifamily community is being offered for sale for the first time in 12 years. The property boasts a solid cap rate with a strong history of proven occupancy and considerable potential for increased rental income. Ideally located residents benefit from easy access to an array of amenities, including 82 restaurants, 19 grocery stores, and 14 parks, all within a one-mile radius. The world-class beaches of Clearwater are just minutes away, adding to the property's appeal for both tenants and investors. Constructed in 1971, the property consists of a single two-story building set on a corner lot spanning 12,767 square feet. The building features a mix of 2 one-bedroom, one-bathroom units, each offering approximately 713 square feet of living space, and 6 spacious two-bedroom, one-bathroom units, each with around 1,085 square feet. Units are separately metered for water AND electric! All units are equipped with central air conditioning, ensuring tenant comfort year-round. Additional amenities include on-site laundry facilities, which are not currently in use by the owner and could be an additional income source, and ample on-site parking for residents.This is an excellent opportunity to acquire a well-maintained income-producing asset with immediate cash flow and the ability to capitalize on below-market rents, offering strong upside potential. Tenants are unaware of the sale, so showings are strictly drive-by only—please do not walk the property or disturb the tenants. All offers should be submitted subject to interior inspection. The listing agent has a complete package with current financials and the rent roll available upon request via email.

Location

State FL

County Pinellas

Community Highland Groves

Interior

Interior Features Ninguno

Heating Central, Electric

Cooling Central Air

Fireplace false

Laundry Laundry Room

Exterior

Exterior Feature Storage

Utilities Available Public

Roof Type Shingle

Garage false

Private Pool No

Building

Foundation Slab

Lot Size Range 1/4 to less than 1/2

Sewer Public Sewer

Water Public

Structure Type Block,Stucco

New Construction false

Others

Senior Community No

Ownership Fee Simple

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Special Listing Condition None

Listed by KELLER WILLIAMS ON THE WATER S

Angel Crowson

Broker Associate | License ID: BK3139960

+1(386) 785-5888

Angel Crowson

115 N SAN REMO AVE Clearwater, FL 33755

Key Details

Location

Interior

Exterior

Building

Others

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115 N SAN REMO AVE