Under contract-accepting backup offers. Exceptional investment opportunity in perfect Clearwater location. Featuring a 6-unit multifamily property on an oversized lot with abundant on-site parking and additional owner storage shed. This professionally managed asset offers strong cash flow with an excellent cap rate and 5 of 6 units currently occupied, providing immediate income with one vacant unit available for easy showings or owner occupancy. All units have been renovated and in great shape! This is ideal for investors seeking a stable, turnkey asset in a high-demand rental corridor near Dunedin and Clearwater. The flexible layout presents multiple strategies: continue operating as a high-performing income property, increase rents over time, or live in the larger primary unit while the remaining units offset expenses and generate passive income. Tenants love the location with quick access to vibrant downtown Dunedin restaurants, breweries, shopping, and waterfront parks. Enjoy stunning Gulf Coast sunsets along Edgewater Drive and easy access to world-famous Clearwater Beach. Convenient to major employment centers, beaches, recreation, and entertainment, this property has consistently attracted reliable tenants and has been easy to lease. Additional highlights include ample parking, large lot size with future potential, owner storage, strong rental history, and pride of ownership throughout. Property has experienced no flooding or storm-related issues during ownership, offering added confidence for long-term investors. Rare opportunity to acquire a well-positioned multifamily asset in one of Pinellas County’s most desirable rental markets.
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Principal & interest
$1,547
Mortgage insurance
$0
Property taxes
$170
Home insurance
$105
HOA fees
$0
Utilities
Not included
All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
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