401 S Comet Ave Clearwater, FL 33765
Turn-key, six-unit multifamily property in a desirable Clearwater location.
Property size:
7,044 SFLot size:
0.27 AcresProperty Features for 401 S Comet Ave
General Information
- Standard status
- Active
- Zoning
- HDR
- Size
- 7,044 SF
- Lot size
- 0.27 Acres
Building Details
- Year built
- 1972
Source:
Crexi
Listing Agency: Roma Management Listing Agent: Sam Colucci
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
Overview
Clearwater Multifamily Investment Opportunity
This is a well-maintained, income-producing six-unit multifamily property in Clearwater. Ideal for new and experienced investors, this asset offers stable cash flow and durable construction. The two-story concrete block building comprises six units, each with two bedrooms and one bath, and approximately 1,200 square feet. Durable interior finishes help keep maintenance and operating costs low. The property is strategically located within walking distance of Clearwater High School and just minutes from downtown Clearwater, major hospitals, shopping, dining, and key transportation corridors including US-19 and SR-60. It benefits from strong tenant demand and convenient access to Tampa and St. Petersburg employment centers. The property is fully leased with a history of strong occupancy. Value-add opportunities include implementing tenant utility billing to increase monthly revenue, converting the existing storage building into an on-site laundry facility, and continuing to optimize rents in a growing Clearwater rental market. This represents an opportunity to acquire a stable, turn-key multifamily asset with upside potential in one of Pinellas County’s rental markets. The property size is 7,044 square feet.
Location Intelligence
Current Use by Public Records
Apartment buildings
Location Insight
- Map
- Local Demand
- City
- Clearwater
- County
- Pinellas
- State
- Florida
- Longitude
- -82.7562004
- Latitude
- 27.961595
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FAQs
What type of property is this?
Apartment building - Turn-key, six-unit multifamily property in a desirable Clearwater location.
Where is this apartment building located?
The property is located at 401 S Comet Ave Clearwater, FL.
What are key features of this property?
This property features: - Turn-key, fully leased 6-unit multifamily property providing immediate cash flow.; - Large 2-bedroom/1-bath units (approx. 1,200 SF) appealing to tenants.; - Durable concrete block construction minimizes maintenance costs.
