300 S NIMBUS AVE, CLEARWATER, FL, 33765
$2,000,000
Commercial Sale
|
Living Area
7,359 Sqft
|
Lot Size
10,738 Sqft
|
Fully-stabilized 10-unit apartment community in central Clearwater's Sky Crest submarket, offered at $2,000,000 ($200,000/unit). This 1964 concrete-block, two-story walk-up offers nine renovated units, updated kitchens with stainless appliances, quartz counters, tile backsplash, vinyl-plank flooring and in-unit washer/dryer, plus one larger 2BR/2BA in original condition for renovate-to-premium upside. Unit mix: three 1BR/1BA, six 2BR/1BA, one 2BR/2BA. In-place rents sit below market across every type, giving a new owner low-risk mark-to-market upside as leases turn; five units are currently month-to-month. Central HVAC and on-site carport parking. Minutes to Gulf-to-Bay Blvd, US-19, downtown Clearwater and the Gulf beaches. Offering memorandum and financials available on request. Showings by appointment through listing office, please do not disturb tenants.
Property Details
| Property Features | Property Features | |||
|---|---|---|---|---|
| MLS ID: | MFRA4699732 | Year Built: | 1964 | |
| Appliances: | Dishwasher, Dryer, Microwave, Refrigerator, Washer | Construction Materials: | Block | |
| Cooling: | Central Air | Country: | US | |
| County Or Parish: | Pinellas | Foundation Details: | Slab | |
| Heating: | Central | Levels: | Two | |
| Listing Agreement: | Exclusive Right To Sell | Occupant Type: | Tenant | |
| Property Condition: | Completed | Property Sub Type: | Multi-Family 5+ | |
| Property Type: | Commercial Sale | Road Frontage Type: | City Street | |
| Road Responsibility: | Public Maintained Road | Road Surface Type: | Asphalt | |
| Sewer: | Public Sewer | Showing Requirements: | 24 Hour Notice, Appointment Only, Call Listing Agent, Do Not Contact Tenants | |
| Special Listing Conditions: | None | Standard Status: | Active | |
| State Or Province: | FL | Water Source: | Public | |
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