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Missouri Lofts 1548 S Missouri Ave 4,677 SF 100% Leased Retail Building Clearwater, FL 33756 $1,277,610 CAD ($273.17 CAD/SF) 7.31% Cap Rate
Investment Highlights
- 100% Leased
- Professional Management Available
- Strong, Corner Lot Location
Executive Summary
Beautifully rare multifamily mixed use apartment complex. (6) Unit property features Fed Ex packing facility on corner lot with (5) apartment units. 100% leased and occupied. Concrete block construction with new roof, bathrooms, windows, kitchens in 2025.
Cost Analysis Performed as Rental Property
In:
Rent - $119,040.00
Out:
(Annual) Property Taxes - $9,225.00
(Annual) Estimated Insurance - $16,593.00
(Annual) Property Management (Optional) - $9,523.20
(Annual) Estimated Utilities/Lawn/Repair/Misc. -$16,059.00
Total Costs - $51,400.20
Net: $67,639.80
Earn:
Total yearly net equates to - $67,639.80
Total monthly gross equates to - $9,920.00
Cost Analysis Performed as Rental Property
In:
Rent - $119,040.00
Out:
(Annual) Property Taxes - $9,225.00
(Annual) Estimated Insurance - $16,593.00
(Annual) Property Management (Optional) - $9,523.20
(Annual) Estimated Utilities/Lawn/Repair/Misc. -$16,059.00
Total Costs - $51,400.20
Net: $67,639.80
Earn:
Total yearly net equates to - $67,639.80
Total monthly gross equates to - $9,920.00
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront Retail/Residential
Building Size
4,677 SF
Year Built
1954
Price
$1,277,610 CAD
Price Per SF
$273.17 CAD
Cap Rate
7.31%
NOI
$93,393 CAD
Percent Leased
100%
Building Height
2 Stories
Building FAR
0.23
Lot Size
0.47 AC
Frontage
Moderately walkable
60/100
Moderately drivable
60/100
Some public transit
40/100
Moderately bikeable
60/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 22-29-15-13662-003-0130 | Improvements Assessment | $333,655 CAD |
| Land Assessment | $370,757 CAD | Total Assessment | $704,412 CAD |
Property Taxes
Parcel Number
22-29-15-13662-003-0130
Land Assessment
$370,757 CAD
Improvements Assessment
$333,655 CAD
Total Assessment
$704,412 CAD
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Missouri Lofts | 1548 S Missouri Ave
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