Active

$1,249,000

Features:
  • Bedrooms
  • 0 Bathrooms
  • 3633 sq ft
Overview
  • ID: MFRTB8513340
  • Bedrooms:
  • Bathrooms: 0
  • Size: 3633 sq ft
Property Details
Remarks
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.
Financial Considerations
Price:
$1,249,000
HOA Fee:
N/A
Tax Amount:
$10414.67
Price per SqFt:
$305.16
Tax Legal Description:
SUNSET POINT A REPLAT LOT 23 (PER OR 5132/409)
Exterior Features
Lot Size:
18226
Lot Features:
Near Golf Course, Near Public Transit, Sidewalk, Street Lights, Paved
Waterfront:
No
Parking Spaces:
N/A
Parking:
Lighted, Shared Parking
Roof:
Shingle
Pool:
No
Pool Features:
N/A
Interior Features
Bedrooms:
Bathrooms:
0
Heating:
Central, Ductless
Cooling:
Central Air, Wall/Window Unit(s)
Appliances:
Microwave, Refrigerator
Furnished:
No
Floor:
Laminate, Other, Tile
Levels:
N/A
Additional Features
Property Sub Type:
Multi-Family 5+
Style:
N/A
Year Built:
1946
Construction Type:
HardiPlank Type, Frame, Wood Siding
Garage Spaces:
No
Covered Spaces:
N/A
Direction Faces:
West
Pets Allowed:
No
Special Condition:
None
Additional Features:
N/A
Additional Features 2:
N/A
Map
  • Address
    1102 SUNSET POINT RD
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