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Property
Beds
None
Full Baths
None
1/2 Baths
None
Year Built
1946
Sq.Footage
3,633
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.
Features & Amenities
Interior
-
Total Bedrooms
N/A
-
Bathrooms
N/A
-
Cooling YN
YES
-
Cooling
Central Air, Wall/Window Unit(s)
-
Heating YN
YES
-
Heating
Central, Ductless
-
Pet friendly
N/A
Exterior
-
Garage
No
-
Construction Materials
HardiPlank Type, Frame, Wood Siding
-
Parking
Lighted
-
Pool
No
-
Waterfront YN
NO
Area & Lot
-
Lot Features
Near Golf Course, Near Public Transit, Paved
-
Lot Size(acres)
0.42
-
Lot Size(square feet)
18226.0
-
Property Type
Commercial Sale
Price
-
Sales Price
$1,249,000
-
Tax Amount
$9,998.08
-
Sq. Footage
3, 633
-
Price/SqFt
$343
HOA
-
Association
No
School District
-
Elementary School
N/A
-
Middle School
N/A
-
High School
N/A
Property Features
-
Stories
1
-
New Construction
NO
-
Foundation Details
Slab
-
Ownership
Fee Simple
-
Sewer
Public Sewer
-
Tax Lot
23
-
Water Source
Public
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Location
County
Pinellas
Elementary School
Middle School
High School
Listing Courtesy of Kristin Hallamek , ENGEL & VOLKERS BELLEAIR
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Executive Assistant
Emil Garinga
Call Emil today to schedule a private showing.
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