1871 Stevenson Ave - Multi-Family FOR SALE


Clearwater, FL 33755- North Clearwater
$899,000 USD
813-404-6916
1871 Stevenson Ave, Clearwater, FL for Sale
$899,000 USD
Multi-Family - FOR SALE
1/14
null | Request Cap Rate

1871 Stevenson Ave
Clearwater, FL 33755
North Clearwater


OVERVIEW

Exceptional investment opportunity in one of Clearwater's most desirable locations! 1871 Stevenson Ave is a fully leased 4-unit property generating $83,904 in gross annual income, ideally situated just minutes from Downtown Clearwater, Dunedin, award-winning Gulf beaches, and walking distance to the Pinellas Trail. The property features a highly desirable unit mix of two 2-bedroom/1-bath units and two 2-bedroom/1.5-bath units. The two ground-floor units include in-unit washer and dryers, adding tenant convenience and rental appeal. All four units are currently rented, providing immediate cash flow, with one tenant on a month-to-month lease offering flexibility for repositioning or creative financing strategies. This property sits on a rare double lot, presenting significant value-add potential. Investors can explore rent increases to align with market rates, renovate the existing two garage units for additional income, or consider redevelopment opportunities as new construction homes continue to elevate the surrounding neighborhood. Located in a high-demand rental corridor near Dunedin, Downtown Clearwater, and the beaches, this is a prime opportunity for investors seeking stable income today with upside tomorrow. Currently 100% occupied. Unit A leased at $1650/m. Unit B leased at $1500/m. Unit C leased at $1650/m. Unit D leased at $1700/m. Professional management in place.

FOR SALE DETAILS

PRICE

$899,000 USD

PRICE/SF

$173 USD /SF

# OF UNITS

4

PRICE/UNIT

$224,750

CAP RATE

Request Cap Rate

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1925

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.31 AC

LAND SF

13,504 SF

ZONING

-

APN/PARCEL ID

03-29-15-88128-002-0310

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.