Sold for $690,000

$690,000

400 S Orion Ave, Clearwater, FL 33765

6beds

6baths

2,967sqft

Multi Family

Built in ----

-- sqft lot

$-- Zestimate^®

$233/sqft

$5,112 Estimated rent

Home value

Not available

Estimated sales range

Not available

$5,112/mo

Zestimate^® history

Owner options

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$5,112/mo

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$4,708/mo

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$4,708/mo

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What's special

Storage shedsFavorite beaches

Very well established and highly profitable 6-unit rental property with excellent occupancy record. Perfect for long-term rentals, (as is established in the community) or destination getaway. Property has been occupied, managed and well maintained by owners for over 30 years, (owner retiring). Located on quiet side street close to shopping, restaurants, nightlife and some of Florida's favorite beaches and is only a short drive to Ybor City & Tampa. Orlando and Disney are a simple day trip. Ample off-street parking, outdoor private & common areas and storage sheds loaded with tools and equipment that will convey. Property includes many updates, upgrades and some furnishings. Excellent income opportunity from day one. Owner can live on property and have rental units pay all their expenses. Some current rent rates are lower than market standard in exchange for tenant assistance with property. $80,000+ potential yearly income.

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 6
Bathrooms: 6

Heating

Electric, Separate Meters, Varies by Unit, Individual

Cooling

Central Air, Electric, Multi Units, Separate Meters, Varies by Unit, Wall/Window Unit(s)

Appliances

Included: Dryer, Electric Range, Ice Maker, Microwave, Refrigerator, Washer
Laundry: Common Area

Features

Has fireplace: No

Interior area

Total structure area: 3,153
Total interior livable area: 2,967 sqft

Property

Parking

Total spaces: 8
Parking features: Additional Parking, Off Street

Features

Levels: One
Stories: 1
Exterior features: Courtyard
Pool features: None
Fencing: Fenced
Has view: Yes
View description: Other

Lot

Size: 0.25 Acres

Details

Additional structures: Shed(s)
Additional parcels included: R141596
Parcel number: 13/29/15/82584/003/0050
Special conditions: Standard

Construction

Type & style

Home type: MultiFamily
Property subtype: Multi Family

Materials

Block
Roof: Membrane,Shingle

Condition

New construction: No

Utilities & green energy

Sewer: Public Sewer
Water: Public
Utilities for property: Cable Connected, Electricity Connected, Sewer Connected, Water Connected, Separate Electric Meters

Community & HOA

Community

Security: Smoke Detector(s)
Subdivision: None

HOA

Has HOA: No
Amenities included: None

Location

Region: Clearwater

Financial & listing details

Price per square foot: $233/sqft
Tax assessed value: $500,000
Annual tax amount: $4,970
Date on market: 2/9/2024
Listing terms: Cash,Conventional
Tenant pays: Other
Income includes: Rent Only
Road surface type: Asphalt

Price history

Date	Event	Price
3/1/2024	Sold	$690,000-10.3%$233/sqft
Source: Space Coast AOR #1004476 Report a problem
2/15/2024	Pending sale	$769,000$259/sqft
Source: Space Coast AOR #1004476 Report a problem
2/9/2024	Listed for sale	$769,000+525.2%$259/sqft
Source: Space Coast AOR #1004476 Report a problem
4/28/1994	Sold	$123,000$41/sqft
Source: Public Record Report a problem

Public tax history

Year	Property taxes	Tax assessment
2024	$5,916 +9.3%	$304,319 +8.7%
2023	$5,411 +8.9%	$279,924 +8.6%
2022	$4,970 +5.3%	$257,652 +8.6%
2021	$4,720 +13.5%	$237,312 +8.1%
2020	$4,159 +12.7%	$219,473 +8.2%
2019	$3,690	$202,790 +4.2%
2018	$3,690 +4.1%	$194,544 -0.2%
2017	$3,546 +16%	$194,936 +13%
2016	$3,057 -0.4%	$172,511 +1.5%
2015	$3,068 +1.7%	$169,906 +1.8%
2014	$3,017 +5.5%	$166,905 +5.6%
2013	$2,860 -3.3%	$158,046 -2.9%
2012	$2,958	$162,726 -2.9%
2011	--	$167,502 +5.2%
2009	--	$159,248 -16.1%
2008	$3,344	$189,749 -10.6%
2007	--	$212,175 +6.4%
2005	--	$199,500 +15.4%
2004	$2,970 +12.4%	$172,900 +12.7%
2003	$2,643 +24%	$153,400 +7.6%
2002	$2,132 +9.7%	$142,500 +27.2%
2000	$1,943	$112,000