$1,199,000

Exceptional Investment Opportunity

  • 7 Beds
  • 3,633 Sqft
  • 18,296 Sqft lot
  • Updated: July 2

About the Property

6 UNITS! 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 vacant unit available for easy showings o
6 UNITS! 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 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.
  • Property type

    Other

  • Year built

    1946

  • Price/sqft

    $330

Features

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1102 SUNSET POINT ROAD, Clearwater, Florida, United States View on Google Maps
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Kristin Hallamek

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Kristin Hallamek
United States
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4
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2024
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Engel & Völkers Belleair
Engel & Völkers Belleair
33770, Belleair Bluffs, United States
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Last updated
July 2
First listed
Jun 20
Agent licence
#BK3141669
Listing reference
TB8513624
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