1429 Laura St - Apartments FOR SALE


Clearwater, FL 33755- Downtown Clearwater
$790,000 USD
631-356-5697
1429 Laura St, Clearwater, FL for Sale
$790,000 USD
Apartments - FOR SALE
1/10
null | 7.65% Cap Rate

1429 Laura St
Clearwater, FL 33755
Downtown Clearwater


OVERVIEW

1429 Laura St is a unique opportunity to own a stabilized 5 unit multi-family apartment community in the rapidly growing Clearwater area of Tampa Bay MSA with substantial room for growth. Conveniently located just minute’s from Clearwater’s world-famous beaches, Downtown Clearwater and major highways. Owner Spent over $150,000 in CapEx including new roof, new hurricane impact windows, new main sewer line, building exterior paint, exterior fencing, landscaping and full interior renovations including, shaker cabinets, quartz countertops, stainless steel appliances, luxury vinyl flooring and tiled shower bathrooms. Current Rent Roll: $7,740 with a 7 CAP on takeover! NOI: $60,433 Unit Mix: 4 - 1 Bedroom/1 Bathroom Units, 1 - Studio/1 Bathroom Unit

FOR SALE DETAILS

PRICE

$790,000 USD

PRICE/SF

$348 USD /SF

# OF UNITS

5

PRICE/UNIT

$158,000

CAP RATE

7.65%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1956

PARKING SPACES

5

LAND DETAILS

LAND ACRES

0.15 AC

LAND SF

6,534 SF

ZONING

Multi-Fam 5-units (08)

APN/PARCEL ID

14-29-15-47016-001-0140

ASK ABOUT THIS PROPERTY

Frank BritoAstra Property GroupMore Info
631-356-5697

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Frank BritoAstra Property GroupMore Info
631-356-5697

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