1102 SUNSET POINT RD, CLEARWATER, FL, 33755
$1,249,000
Commercial Sale
|
Living Area
3,633 Sqft
|
Lot Size
18,226 Sqft
|
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.
Property Details
| Property Features | Property Features | |||
|---|---|---|---|---|
| MLS ID: | MFRTB8513340 | Year Built: | 1946 | |
| Appliances: | Microwave, Refrigerator | Construction Materials: | HardiPlank Type, Frame, Wood Siding | |
| Cooling: | Central Air, Wall/Window Unit(s) | Country: | US | |
| County Or Parish: | Pinellas | Direction Faces: | West | |
| Flooring: | Luxury Vinyl, Other, Tile | Foundation Details: | Slab | |
| Heating: | Central, Ductless | Income Includes: | Rent Only | |
| Listing Agreement: | Exclusive Right To Sell | Listing Terms: | Cash, Commercial Financing | |
| Lot Features: | Near Golf Course, Near Public Transit, Sidewalk, Street Lights, Paved | Other Structures: | Storage | |
| Parking Features: | Lighted, Shared Parking | Possession: | Close Of Escrow | |
| Property Sub Type: | Multi-Family 5+ | Property Type: | Commercial Sale | |
| Road Frontage Type: | City Street | Road Surface Type: | Paved | |
| Roof: | Shingle | Security Features: | Smoke Detector(s) | |
| Sewer: | Public Sewer | Showing Requirements: | Appointment Only, Call Listing Agent, Do Not Contact Tenants, Lock Box Coded | |
| Special Listing Conditions: | None | Standard Status: | Active | |
| State Or Province: | FL | Vegetation: | Trees/Landscaped | |
| Water Source: | Public | Window Features: | Blinds | |
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