SQUARE FEET7,359
MLS#A4699732
STATUSActive
PROPERTY TYPECommercial - Multiple
SUBDIVISIONSKY CREST
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.
Property Features
Property Type: Commercial - Multiple
Cooling: Central Air
Heating: Central
Lot Size: 0.25 Acres
Stories: 2.0
Taxes: $21,771
Year Built: 1964
Feature Descriptions
Appliances: Dishwasher, Dryer, Microwave, Refrigerator, Washer
Days on Site: 1
Directions: From US-19, head west on Gulf-to-Bay Blvd (SR-60), turn north (right) onto S Nimbus Ave; the property is a short distance ahead on the left at 300 S Nimbus Ave.
Exterior: Block
Flood Zone Code: X
Foundation: Slab
Home Warranty Y/N: No
Lot Dimensions: 0.25
Ownership: Fee Simple
Property Attached Y/N: No
Property Sub-Type: Multi-Family 5+
Road Frontage: 98
Sewer: Public Sewer
Showing Instructions: 24 Hour Notice, Appointment Only, Call Listing Agent, Do Not Contact Tenants
Special Sale Provisions: None
Units: 10
Water: Public
Water Access Y/N: No
Listed By / Shown By
Listed By
Agency Name: RIDER REAL ESTATE
Agency Contact: 404-368-8072
Shown By
Agency Title: Realty 100
Agency Phone: 954-859-2100
300 S Nimbus Avenue | MLS# A4699732
This commercial property located at 300 S Nimbus Avenue, Clearwater, FL 33765 is currently listed for sale with an asking price of $2,000,000. Search Clearwater real estate on www.realty100.com today.