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Investment Highlights

  • 6 Unit Multi Family, Near Downtown Dunedin & Area Beaches, Easy to Rent and Location in Demand

Executive Summary

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.

Financial Summary (Actual - 2025)

Annual (CAD) Annual Per SF (CAD)
Gross Rental Income $121,177 $29.61
Other Income - -
Vacancy Loss - -
Effective Gross Income $121,177 $29.61
Taxes $14,220 $3.47
Operating Expenses - -
Total Expenses $14,220 $3.47
Net Operating Income - -

Financial Summary (Actual - 2025)

Gross Rental Income (CAD)
Annual $121,177
Annual Per SF $29.61
Other Income (CAD)
Annual -
Annual Per SF -
Vacancy Loss (CAD)
Annual -
Annual Per SF -
Effective Gross Income (CAD)
Annual $121,177
Annual Per SF $29.61
Taxes (CAD)
Annual $14,220
Annual Per SF $3.47
Operating Expenses (CAD)
Annual -
Annual Per SF -
Total Expenses (CAD)
Annual $14,220
Annual Per SF $3.47
Net Operating Income (CAD)
Annual -
Annual Per SF -

Property Facts

Price $1,705,290 CAD
Price Per Unit $284,215 CAD
Sale Type Investment
Cap Rate 8.54%
No. Units 6
Property Type Multifamily
Property Subtype Apartment
Building Class C
Lot Size 0.42 AC
Building Size 4,093 SF
No. Stories 1
Year Built 1946
Parking Ratio 2.93/1,000 SF
Zoning Multi-Family

Amenities

Unit Amenities

  • Storage Space

Unit Mix Information

Description No. Units Avg. Rent/Mo SF
3+2 1 $2,631 CAD -
1+1 4 $1,849 CAD -
Studios 1 $1,849 CAD -
Somewhat walkable
30/100
Very drivable
80/100
Limited public transit
20/100
Somewhat bikeable
30/100

Property Taxes

Property Taxes

Parcel Number
03-29-15-88092-000-0230
Land Assessment
$465,657 CAD
Improvements Assessment
$516,717 CAD
Total Assessment
$982,374 CAD
Annual Taxes
$14,220 CAD ($3.47 CAD/SF)
Tax Year
2025
  • Listing ID: 40958653

  • Date on Market: 2026-06-17

  • Last Updated:

  • Address: 1102 Sunset Point Rd, Clearwater, FL 33755

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