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Grand Central Apartments 822 Grand Central St 5 Unit Apartment Building $1,087,321 CAD ($217,464 CAD/Unit) 7.06% Cap Rate Clearwater, FL 33756
Investment Highlights
- Multi-family property featuring five rental units, including four one-bedroom units in the main building and a two-bedroom cottage in the rear
- Located in a prime Clearwater location with close proximity to Clearwater Beach and downtown Clearwater
- Situated on a 7,044-square-foot lot with two buildings, offering long-term investment potential in a high-demand rental market
- All units are currently occupied, providing immediate and stable rental income for investors
- Easy access to major routes including US 19 and Gulf to Bay Boulevard, ensuring convenient connectivity to St. Petersburg and Tampa
- Built in 1915, the property combines historic character with income-producing functionality
Executive Summary
With all units currently occupied, this property presents an excellent opportunity for investors seeking a reliable income stream in a high-demand rental market. This property offers a unique blend of rental units in a prime location, ensuring a steady stream of rental income.
Don't miss out on this exceptional investment opportunity in a sought-after location!
Don't miss out on this exceptional investment opportunity in a sought-after location!
Property Facts
| Price | $1,087,321 CAD | Building Class | C |
| Price Per Unit | $217,464 CAD | Lot Size | 0.16 AC |
| Sale Type | Investment | Building Size | 3,168 SF |
| Cap Rate | 7.06% | Average Occupancy | 100% |
| No. Units | 5 | No. Stories | 2 |
| Property Type | Multifamily | Year Built/Renovated | 1915/2007 |
| Property Subtype | Apartment | Parking Ratio | 1.89/1,000 SF |
| Apartment Style | Low-Rise | Opportunity Zone |
Yes
|
| Zoning | MDR - Medium Density Residential | ||
| Price | $1,087,321 CAD |
| Price Per Unit | $217,464 CAD |
| Sale Type | Investment |
| Cap Rate | 7.06% |
| No. Units | 5 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.16 AC |
| Building Size | 3,168 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built/Renovated | 1915/2007 |
| Parking Ratio | 1.89/1,000 SF |
| Opportunity Zone |
Yes |
| Zoning | MDR - Medium Density Residential |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 4 | - | - |
| 2+1 | 1 | - | - |
Moderately walkable
70/100
Moderately drivable
60/100
Some public transit
40/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 21-29-15-58068-003-0150 | Improvements Assessment | $443,455 CAD |
| Land Assessment | $220,899 CAD | Total Assessment | $664,354 CAD |
Property Taxes
Parcel Number
21-29-15-58068-003-0150
Land Assessment
$220,899 CAD
Improvements Assessment
$443,455 CAD
Total Assessment
$664,354 CAD
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Grand Central Apartments | 822 Grand Central St
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