105 N Lady Mary Dr - Apartments FOR SALE


Clearwater, FL 33755- Downtown Clearwater
$695,000 USD
727-391-9599
105 N Lady Mary Dr, Clearwater, FL for Sale
$695,000 USD
Apartments - FOR SALE
1/8
null | Request Cap Rate

105 N Lady Mary Dr
Clearwater, FL 33755
Downtown Clearwater


HIGHLIGHTS

  • currently earning almost $40k in income
  • 8 minutes to World Famous Clearwater Beach

OVERVIEW

ACTIVE DUPLEX !! Land is 125'x 185'. 23,125 sq ft. Level and zoned for multi-family. Code allows 35 units per acre up to 45' high. Downtown Clearwater, Gateway District. OWNER FINANCING FOR QUALIFIED BUYERS ! CLEAN, WELL MAINTAINED DUPLEX is on level ground, and is currently earning almost $40k in income !! Separate water and electric meters !! Plenty of room for additional outdoor boat and trailer storage, including an outdoor storage building that is 416 Square Feet !! Zoning will allow up to 18 units !! (Code for the Downtown Gateway District is 35 units per acre, up to 45 feet high). If you duplicate what is directly next door, which sold 9/22 for $3,060,000, you could earn market rates as an apartment building which would be $338,400 gross annually !! Close to Downtown Clearwater, and the newly redeveloped Cleveland Street Corridor !! And only 8 minutes to World Famous Clearwater Beach !! Both units are occupied with quality tenants. Please do not disturb.

FOR SALE DETAILS

PRICE

$695,000 USD

PRICE/SF

$379 USD /SF

# OF UNITS

2

PRICE/UNIT

$347,500

CAP RATE

Request Cap Rate

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1976

PARKING SPACES

4

LAND DETAILS

LAND ACRES

0.54 AC

LAND SF

23,326 SF

ZONING

D

APN/PARCEL ID

15-29-15-12276-001-0080

ASK ABOUT THIS PROPERTY

Luke PalmerRe/Max All StarMore Info
727-391-9599

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Luke PalmerRe/Max All StarMore Info
727-391-9599

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.