Active

$899,000

Features:
  • 8 Bedrooms
  • 6 Bathrooms
  • 4000 sq ft
Overview
  • ID: MFRO6381692
  • Bedrooms: 8
  • Bathrooms: 6
  • Size: 4000 sq ft
Property Details
Remarks
Exceptional investment opportunity in one of Clearwater’s most desirable locations! 1871 Stevenson Ave is a fully leased 4-unit property generating $83,904 in gross annual income, ideally situated just minutes from Downtown Clearwater, Dunedin, award-winning Gulf beaches, and walking distance to the Pinellas Trail. The property features a highly desirable unit mix of two 2-bedroom/1-bath units and two 2-bedroom/1.5-bath units. The two ground-floor units include in-unit washer and dryers, adding tenant convenience and rental appeal. All four units are currently rented, providing immediate cash flow, with one tenant on a month-to-month lease offering flexibility for repositioning or creative financing strategies. This property sits on a rare double lot, presenting significant value-add potential. Investors can explore rent increases to align with market rates, renovate the existing two garage units for additional income, or consider redevelopment opportunities as new construction homes continue to elevate the surrounding neighborhood. Located in a high-demand rental corridor near Dunedin, Downtown Clearwater, and the beaches, this is a prime opportunity for investors seeking stable income today with upside tomorrow.
Financial Considerations
Price:
$899,000
HOA Fee:
N/A
Tax Amount:
$12506
Price per SqFt:
$224.75
Tax Legal Description:
SUNSET POINT 2ND ADD BLK B, LOT 31
Exterior Features
Lot Size:
13449
Lot Features:
N/A
Waterfront:
No
Parking Spaces:
N/A
Parking:
Driveway
Roof:
Metal
Pool:
No
Pool Features:
N/A
Interior Features
Bedrooms:
8
Bathrooms:
6
Heating:
Central
Cooling:
Central Air, Wall/Window Unit(s)
Appliances:
Dryer, Refrigerator, Washer
Furnished:
Yes
Floor:
N/A
Levels:
Two
Additional Features
Property Sub Type:
Multi-Family 5+
Style:
N/A
Year Built:
1925
Construction Type:
Stucco, Frame
Garage Spaces:
No
Covered Spaces:
N/A
Direction Faces:
N/A
Pets Allowed:
No
Special Condition:
None
Additional Features:
Storage
Additional Features 2:
N/A
Map
  • Address
    1871 STEVENSON AVE
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