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1429 Laura St
Clearwater, FL 33755
Multifamily Property For Sale
·
5 Units
Executive Summary
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, white 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
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, white 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
Property Facts
| Price Per Unit | $220,125 CAD | Lot Size | 0.15 AC |
| Sale Type | Investment | Building Size | 2,273 SF |
| No. Units | 5 | Average Occupancy | 100% |
| Property Type | Multifamily | No. Stories | 1 |
| Property Subtype | Apartment | Year Built/Renovated | 1956/2024 |
| Apartment Style | Low-Rise | Parking Ratio | 2.2/1,000 SF |
| Building Class | C | ||
| Zoning | Multi-Fam 5-units (08) - Multi-Family (5-9 units) | ||
| Price Per Unit | $220,125 CAD |
| Sale Type | Investment |
| No. Units | 5 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.15 AC |
| Building Size | 2,273 SF |
| Average Occupancy | 100% |
| No. Stories | 1 |
| Year Built/Renovated | 1956/2024 |
| Parking Ratio | 2.2/1,000 SF |
| Zoning | Multi-Fam 5-units (08) - Multi-Family (5-9 units) |
Amenities
Unit Amenities
- Air Conditioning
Site Amenities
- Courtyard
- Gated
- Public Transportation
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 4 | - | 500 |
| Studios | 1 | - | 350 |
Property Taxes
| Parcel Number | 14-29-15-47016-001-0140 | Improvements Assessment | $469,375 CAD |
| Land Assessment | $170,382 CAD | Total Assessment | $639,756 CAD |
Property Taxes
Parcel Number
14-29-15-47016-001-0140
Land Assessment
$170,382 CAD
Improvements Assessment
$469,375 CAD
Total Assessment
$639,756 CAD
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