115 San Remo Avenue
Brokerage Office: 863-676-0200
115 San Remo Avenue, CLEARWATER, FL 33755
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- MLS#: A4638720 ( Residential Income )
- Street Address: 115 San Remo Avenue
- Viewed: 1
- Price: $1,299,000
- Price sqft: $137
- Waterfront: No
- Year Built: 1971
- Bldg sqft: 9466
- Bedrooms: 14
- Total Baths: 8
- Days On Market: 3
- Additional Information
- Geolocation: 27.9675 / -82.7771
- County: PINELLAS
- City: CLEARWATER
- Zipcode: 33755
- Subdivision: Highland Groves
- Provided by: KELLER WILLIAMS ON THE WATER S
- Contact: Luis Piamba, LLC
- 941-803-7522
- DMCA Notice
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DescriptionPrime 8 Unit Multifamily Investment Opportunity. Located in Clearwaters 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 propertys 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 onlyplease 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.
Property Location and Similar Properties
Property Features
Home Owners Association Fee
- 0.00
Carport Spaces
- 0.00
Close Date
- 0000-00-00
Cooling
- Central Air
Country
- US
Covered Spaces
- 0.00
Exterior Features
- Storage
Garage Spaces
- 0.00
Heating
- Central
- Electric
Interior Features
- Ninguno
Legal Description
- HIGHLAND GROVES BLK A
- LOTS 25 THRU 28 INCL
Living Area
- 8230.00
Area Major
- 33755 - Clearwater
Net Operating Income
- 0.00
Parcel Number
- 14-29-15-38736-001-0250
Property Type
- Residential Income
Roof
- Shingle
Sewer
- Public Sewer
Tax Year
- 2024
Tenant Pays
- Electricity
- Sewer
- Water
Township
- 29
Utilities
- Public
Water Source
- Public
Year Built
- 1971
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- Legacy Real Estate Center Inc
- Dedicated to You! Dedicated to Results!
- 863.676.0200
- dolores@legacyrealestatecenter.com