1. Florida
  2. Clearwater
  3. 115 N SAN REMO AVENUE
$1,299,000

115 N SAN REMO AVENUE, Clearwater, FL 33755

  • 14 beds |
  • 8 baths |
  • 8,230 sqft
  • Property Icon Multi-Family Home
  • Property Year Built Icon Built in 1971
  • Property Lot Size Icon0.29acre lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $158/sqft
  • Property List Date Icon Listed 4 months ago

Property Description

Under contract-accepting backup offers. 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.

Listing Status:
Pending
Date Added:
February 2, 2025 at 06:00AM
Listing Office:
KW SUNCOAST : 941-792-2000
Listing Agent:
Luis Piamba, LLC : 727-543-0141
MLS ID:
A4638720

This listing courtesy of Luis Piamba, LLC, KW SUNCOAST

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

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Location

Schools Nearby

C

Clearwater Intermediate School

1220 Palmetto St, Clearwater, FL, 33755

Grades 4-9

0.86 miles away

C

Clearwater Intermediate School

1220 Palmetto St, Clearwater, FL, 33755

Grades 4-9

0.86 miles away

C

Clearwater High School

540 S Hercules Ave, Clearwater, FL, 33764

Grades 9-12

1.36 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.