Multifamily Income
6-9-1302 Sunset Point Rd Clearwater, FL 33755
6-9-1302 Sunset Point Rd, Clearwater, FL, 33755
$1,870,000
For Sale
$1,870,000
Investment multifamily package with nine always-occupied units and month-to-month tenant arrangements.
Property Size5,567 SF
Price / SF$335.91
Days on Market357
Property Features for 6-9-1302 Sunset Point Rd
General Information
- Standard status
- Active
- Size
- 5,567 SF
Listing Agency
Big Bend Home & Land LLC
(352) 584-2020
Listed by
Nancy Zubler Turner · License #3440426
(352) 584-2020
Source
Exprealty
Added: Jul 28, 2025 Checked: Jul 17 at 9:36 pm
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 Big Bend Home & Land LLC
Investment Insights
Based on property information with market context.
This offering includes 9 income-producing residential units located at 1302–1318 Sunset Point Rd. The property is described as consistently occupied, with tenants paying month-to-month. For additional information, the listing agent can provide details on individual units tied to the provided tax ID numbers.
The assets are identified under multiple tax IDs: 03-29-15-49986-000-0090, 03-29-15-49986-000-0080, 03-29-15-49986-000-0070, and 03-29-15-49986-000-0060. The listing is positioned as part of a desirable area of Clearwater, Florida.
From an ownership perspective, this is a straightforward residential income structure with all units reported as continuously occupied and tenants on month-to-month terms. Buyers interested in acquiring a small multifamily portfolio with existing tenancy can request unit-by-unit information directly from the listing agent.
The assets are identified under multiple tax IDs: 03-29-15-49986-000-0090, 03-29-15-49986-000-0080, 03-29-15-49986-000-0070, and 03-29-15-49986-000-0060. The listing is positioned as part of a desirable area of Clearwater, Florida.
From an ownership perspective, this is a straightforward residential income structure with all units reported as continuously occupied and tenants on month-to-month terms. Buyers interested in acquiring a small multifamily portfolio with existing tenancy can request unit-by-unit information directly from the listing agent.
Key Highlights
- Investment multifamily package with 9 income‑producing units (1302–1318 Sunset Pt Rd.)
- All 9 units are always occupied with tenants paying month‑to‑month
- Tenants remain in place with month‑to‑month arrangements
Local Financial Insights For Apartment 5plus
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 | $133.6k | $24.00 |
| − Vacancy | −$8.7k | −$1.56 |
| EGI | $124.9k | $22.44 |
| − OpEx | −$56.2k | −$10.10 |
| NOI | $68.7k | $12.34 |
5,567 SF · lease $24.00/SF/yr · vacancy 6.50% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$981.5K
$858.9K – $1.15M
NOI $68,708 @ 7.0% cap · market cap 3.67%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.56M
$1.37M – $1.82M
NOI $109,331 @ 7.0% cap · market cap 5.85%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Apartment buildings
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FAQs
What type of property is this?
Apartment building - Investment multifamily package with nine always-occupied units and month-to-month tenant arrangements.
Where is this apartment building located?
The property is located at 6-9-1302 Sunset Point Rd Clearwater, FL.
What is the asking price?
The asking price for this property is $1,870,000.
What are key features of this property?
This property features: Investment multifamily package with 9 income‑producing units (1302–1318 Sunset Pt Rd.); All 9 units are always occupied with tenants paying month‑to‑month; Tenants remain in place with month‑to‑month arrangements
