1102 Sunset Point Rd - Apartments FOR SALE


Clearwater, FL 33755- North Clearwater
$1,199,000 USD
727-642-7985
1102 Sunset Point Rd, Clearwater, FL for Sale
$1,199,000 USD
Apartments - FOR SALE
1/29
null | 8.54% Cap Rate

1102 Sunset Point Rd
Clearwater, FL 33755
North Clearwater


HIGHLIGHTS

  • 6 Unit Multi Family, Near Downtown Dunedin & Area Beaches, Easy to Rent and Location in Demand

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$1,199,000 USD

PRICE/SF

$293 USD /SF

# OF UNITS

6

PRICE/UNIT

$199,833

CAP RATE

8.54%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

1102 Sunset Point - 6 Units Multi-Family

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1946

PARKING SPACES

12

LAND DETAILS

LAND ACRES

0.42 AC

LAND SF

18,086 SF

ZONING

Multi-Family

APN/PARCEL ID

03-29-15-88092-000-0230

ASK ABOUT THIS PROPERTY

Kristin HallamekEngel & Völkers BelleairMore Info
727-642-7985

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Kristin HallamekEngel & Völkers BelleairMore Info
727-642-7985

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