1132 Auburn St - Apartments FOR SALE


Clearwater, FL 33756- Upper Largo
$3,050,000 USD
813-404-6916
1132 Auburn St, Clearwater, FL for Sale
$3,050,000 USD
Apartments - FOR SALE
1/5
null | 6.76% Cap Rate

1132 Auburn St
Clearwater, FL 33756
Upper Largo


OVERVIEW

Auburn Flats: well-maintained 15-unit multifamily complex in a highly desirable Clearwater location just minutes from the Missouri Ave Business District, Largo schools, and public transportation. This property features a strong unit mix of nine 1-bedroom and six 2-bedroom apartments across one- and two-story concrete block/stucco buildings. The complex offers 24 parking spaces, a guest laundry room, and a large rear yard with value-add potential. The expansive backyard provides an excellent opportunity to generate additional income through boat and RV storage. Historically 100% occupied, this property has demonstrated consistent performance. The current owner has renovated several units, including tile flooring upgrades and updated A/C systems. Major capital improvements include a brand-new roof (2024) and a new fire alarm system servicing the entire complex. Solid block construction, strong rental history, and additional income potential make this a compelling investment in one of Clearwater’s most accessible and growing corridors.

FOR SALE DETAILS

PRICE

$3,050,000 USD

PRICE/SF

$211 USD /SF

# OF UNITS

15

PRICE/UNIT

$203,333

CAP RATE

6.76%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Auburn Flats

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1981

PARKING SPACES

24

LAND DETAILS

LAND ACRES

1.01 AC

LAND SF

43,996 SF

ZONING

RM-15, County

APN/PARCEL ID

27-29-15-00000-240-1600

ASK ABOUT THIS PROPERTY

Kurt WestfieldBlue Peak RealtyMore Info
813-404-6916

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Kurt WestfieldBlue Peak RealtyMore Info
813-404-6916

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