1429 LAURA St Clearwater, FL 33755

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.