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1429 Laura St Clearwater, FL 33755

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Stabilized 5-unit multifamily property near Clearwater beaches and downtown.

Property Features for 1429 Laura St

General Information

Standard status
Active

Building Details

Year built
1956

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Listing Contact
Frank Brito
Source: Crexi

Listing Agency: Astra Properties Listing Agent: Frank Brito

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

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Overview

Stabilized Multifamily Community in Clearwater

This stabilized 5-unit multifamily apartment community is located in the Clearwater area of Tampa Bay MSA. The property is situated minutes from Clearwater’s beaches, Downtown Clearwater, and major highways. Over $150,000 was invested in capital expenditures, including a new roof, hurricane impact windows, a new main sewer line, exterior paint, exterior fencing, landscaping, and full interior renovations. Interior renovations include white shaker cabinets, quartz countertops, stainless steel appliances, luxury vinyl flooring, and tiled shower bathrooms. The unit mix consists of four 1-bedroom/1-bathroom units and one studio/1-bathroom unit. The current rent roll is $7,740, with a 7 CAP rate. The net operating income is $60,433.
Location Intelligence

Current Use by Public Records

Apartment buildings

Suggested Use

Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Daycare Center

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

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City
Clearwater
County
Pinellas
State
Florida
Longitude
-82.7780899
Latitude
27.9661817

FAQs

What type of property is this?
Apartment building - Stabilized 5-unit multifamily property near Clearwater beaches and downtown.
Where is this apartment building located?
The property is located at 1429 Laura St Clearwater, FL.
What are key features of this property?
This property features: - 7 CAP rate with a current NOI of $60,433 and rent roll of $7,740.; - Over $150,000 in recent capital expenditures, including a new roof, hurricane impact windows, and main sewer line.; - **Fully renovated interiors** featuring white shaker cabinets, quartz countertops, stainless steel appliances, luxury vinyl flooring, and tiled shower bathrooms.
More about this property
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