Duplex with Private
1863 AUDREY DRIVE Clearwater, FL 33759
New
1863 AUDREY DRIVE, Clearwater, FL, 33759
$525,000
For Sale
$525,000
Duplex offers two separate 3-bedroom, 2-bath units with private entrances and separate utility metering for water and power.
Property Size2,274 SF
Price / SF$230.87
Days on Market4
Property Features for 1863 AUDREY DRIVE
General Information
- Standard status
- Active
- Size
- 2,274 SF
- Property subtype
- Duplex
Building Details
- Year Built
- 1959
Listing agency
PROFESSIONAL REAL ESTATE MGMT
(727) 447-5100
Listed by
Robyn Humphreys · License #3394622
Source
Endlesssummerrealty
Added: Jul 18 Updated: Jul 21 at 4:52AM Checked: Jul 21 at 4:52AM
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 PROFESSIONAL REAL ESTATE MGMT
Investment Insights
Based on property information with market context.
This duplex investment features two separate residential units, each configured as a 3-bedroom, 2-bath layout with private entrances. Both units have been extensively updated in 2017, and a new roof was installed in 2020. Water and power are metered separately for each unit, with tenants responsible for their own utilities.
The property is located at 1863 Audrey Drive in Clearwater, Florida, and is described as convenient to US-19 as well as shopping, dining, schools, parks, and Gulf Coast beaches.
For buyers seeking a two-unit income property with independently metered services and recent major improvements, this duplex presents a straightforward, owner-occupant or investor-ready configuration.
The property is located at 1863 Audrey Drive in Clearwater, Florida, and is described as convenient to US-19 as well as shopping, dining, schools, parks, and Gulf Coast beaches.
For buyers seeking a two-unit income property with independently metered services and recent major improvements, this duplex presents a straightforward, owner-occupant or investor-ready configuration.
Key Highlights
- Duplex built in 1959 with two separate 3‑bedroom, 2‑bath units
- Each unit has private entrances and separate utility metering for water and power
- Major improvements: new roof installed in 2020
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $47.8k | $21.00 |
| − Vacancy | −$2.9k | −$1.30 |
| EGI | $44.8k | $19.70 |
| − OpEx | −$13.4k | −$5.91 |
| NOI | $31.4k | $13.79 |
2,274 SF · lease $21.00/SF/yr · vacancy 6.17% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$448.1K
$392.1K – $522.8K
NOI $31,365 @ 7.0% cap · market cap 5.97%
Second Best
Apartment 5plus
$400.9K
$350.8K – $467.8K
NOI $28,066 @ 7.0% cap · market cap 5.35%
Theoretical Best
Office A
$638.0K
$558.2K – $744.3K
NOI $44,659 @ 7.0% cap · market cap 8.51%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Duplex - Duplex offers two separate 3-bedroom, 2-bath units with private entrances and separate utility metering for water and power.
Where is this duplex located?
The property is located at 1863 AUDREY DRIVE Clearwater, FL.
What is the asking price?
The asking price for this property is $525,000.
What are key features of this property?
This property features: Duplex built in 1959 with two separate 3‑bedroom, 2‑bath units; Each unit has private entrances and separate utility metering for water and power; Major improvements: new roof installed in 2020
