115 N SAN REMO AVE new Save Request In-Person Tour Request Virtual Tour
Clearwater,FL 33755
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