Stabilized 5-Unit Apartment
1429 LAURA St Clearwater, FL 33755
For Sale
$790,000
Five-unit Clearwater apartment property with recent roof, windows, sewer, and full interior renovation updates.
Days on Market24
Property Features for 1429 LAURA St
General Information
Standard status
Active
Property subtype
Investment
Building Details
Year Built
1956
Listing Agency:
MPGFL TAMPA LLC
(631) 356-5697
Listed By:
Frank Brito · License #3542409
(631) 356-5697
Source:
Elliman
Added: Jul 4
Changed: Jul 10
Last Checked: Jul 27 at 12:00PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of MPGFL TAMPA LLC
Investment Insights
Based on property information with market context.
This stabilized 5-unit multifamily apartment community at 1429 Laura St includes a mix of four 1-bedroom/1-bath units and one studio/1-bath unit. Substantial improvements have been completed, including a new roof, new hurricane impact windows, a new main sewer line, building exterior painting, exterior fencing, and updated landscaping. Interior renovations include white shaker cabinets, quartz countertops, stainless steel appliances, luxury vinyl flooring, and tiled shower bathrooms, providing a refreshed, move-in-ready profile across the units.
The property is located in the Clearwater area of the Tampa Bay MSA, with convenience to Clearwater’s beaches, Downtown Clearwater, and major highways. Walk, bike, and transit scores are reported as 70 (somewhat walkable), 60 (bikeable), and 34 (some transit), supporting access to nearby everyday destinations.
For buyers, this asset offers a defined unit mix and an existing rent roll of $7,740. The provided financial snapshot includes NOI of $60,433 and a 7% cap rate on takeover, which may be useful for underwriting and comparing acquisition options. The scale is well-suited to investors seeking a compact apartment community with meaningful recent capital expenditures already completed.
The property is located in the Clearwater area of the Tampa Bay MSA, with convenience to Clearwater’s beaches, Downtown Clearwater, and major highways. Walk, bike, and transit scores are reported as 70 (somewhat walkable), 60 (bikeable), and 34 (some transit), supporting access to nearby everyday destinations.
For buyers, this asset offers a defined unit mix and an existing rent roll of $7,740. The provided financial snapshot includes NOI of $60,433 and a 7% cap rate on takeover, which may be useful for underwriting and comparing acquisition options. The scale is well-suited to investors seeking a compact apartment community with meaningful recent capital expenditures already completed.
Key Highlights
- Stabilized 5‑unit multi‑family apartment community in the Clearwater area (Tampa Bay MSA), built in 1956
- Over $150,000 in CapEx including new roof, new hurricane impact windows, main sewer line, and exterior paint
- Full interior renovations with white shaker cabinets, quartz countertops, stainless steel appliances, luxury vinyl flooring, and tiled shower bathrooms
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Apartment building - Five-unit Clearwater apartment property with recent roof, windows, sewer, and full interior renovation updates.
Where is this apartment building located?
The property is located at 1429 LAURA St Clearwater, FL.
What is the asking price?
The asking price for this property is $790,000.
What are key features of this property?
This property features: Stabilized 5‑unit multi‑family apartment community in the Clearwater area (Tampa Bay MSA), built in 1956; Over $150,000 in CapEx including new roof, new hurricane impact windows, main sewer line, and exterior paint; Full interior renovations with white shaker cabinets, quartz countertops, stainless steel appliances, luxury vinyl flooring, and tiled shower bathrooms
