300 S Nimbus Avenue, Clearwater, FL 33765
- $2,000,000
- 7,359
- SqFt
- List Price
- $2,000,000
- Status
- Active
- Days on Market
- 16
- MLS#
- A4699732
- Property Style
- Multi-Family 5+
- Year Built
- 1964
- Living Area
- 7,359
- Lot Size
- 10,738
- Acres
- 0.25
- Total Acreage
- 1/4 to less than 1/2
- Legal Subdivision Name
- Sky Crest Unit 9
- MLS Area Major
- Clearwater/Sunset Point
Property Description
Fully-stabilized 10-unit apartment community in central Clearwater's Sky Crest submarket, offered at $2,000,000 ($200,000/unit). This 1964 concrete-block, two-story walk-up offers nine renovated units, updated kitchens with stainless appliances, quartz counters, tile backsplash, vinyl-plank flooring and in-unit washer/dryer, plus one larger 2BR/2BA in original condition for renovate-to-premium upside. Unit mix: three 1BR/1BA, six 2BR/1BA, one 2BR/2BA. In-place rents sit below market across every type, giving a new owner low-risk mark-to-market upside as leases turn; five units are currently month-to-month. Central HVAC and on-site carport parking. Minutes to Gulf-to-Bay Blvd, US-19, downtown Clearwater and the Gulf beaches. Offering memorandum and financials available on request. Showings by appointment through listing office, please do not disturb tenants.
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Additional Information
- Taxes
- $21771
- Annual Gross Income
- 193052
- Community Features
- No Deed Restriction
- Property Description
- Two Story
- Appliances
- Dishwasher, Dryer, Microwave, Refrigerator, Washer
- Heating
- Central
- Air Conditioning
- Central Air
- Exterior Construction
- Block
- Foundation
- Slab
- Pool
- No Pool
- Flood Zone Code
- X
- Parcel ID
- 13-29-15-82530-002-0100
- Legal Description
- SKY CREST UNIT NO. 9 BLK B, LOT 10
Listing courtesy of RIDER REAL ESTATE. 404-368-8072
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