1132 Auburn St Clearwater, FL 33756
Property profile & analytics
1132 Auburn St Clearwater, FL 33756
- Apartment buildings
- 12,286 SF
- 0.95 lot acres
Property ID
US18-1448896
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- Apartment buildings
Property Details for 1132 Auburn St
- Year built
- 1981
- Construction
- CONCRETE BLOCKS
- Lot size
- 0.95 lot acres
- Property size
- 12,286 SF
- Property type
- Apartment buildings
- APN
- 27-29-15-00000-240-1600
- APU
- 272915000002401600
Description
This exceptional 15-unit multifamily property, located at 1132 Auburn Street in Clearwater, Florida, presents a compelling investment opportunity. Situated on a 0.95-acre lot, the complex boasts a total of 12,036 square feet of living space. Recent capital expenditures exceeding several hundred thousand dollars have significantly enhanced the property's value and appeal. These improvements include a new roof, fresh exterior paint, updated landscaping, a newly paved parking lot with assigned spaces for residents, and the installation of central HVAC systems throughout. A renovated common laundry room adds convenience for tenants. The property also features a shared grassy area. Interior renovations are equally impressive, featuring new luxury vinyl flooring, updated cabinets, elegant quartz countertops, modern recessed lighting, and upgraded appliances in each unit. The property's location offers convenient access to the Downtown Largo Redevelopment project, being less than two miles from Largo's urban core. This translates to strong rental demand and potential for future appreciation. The current owner is offering an attractive incentive: closing cost coverage for transactions finalized before the year's end. This turnkey investment promises immediate cash flow and significant long-term growth potential. The property is located in unincorporated Pinellas County.
Value Estimations
based on Realmo’s proprietary methodology
-
AI approach
- Method
- Estimation
- Statistic approach
- $2,725,000
-
CAP approach
- CAP Return
- Estimation
- 6%
- $2,525,000
- 6.5%
- $2,335,000
- 7%
- $2,165,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $1,788,000
- AI Estimate
- $1,788,000
Market price range: $1.79M - $3.54MMarket price range: $1.79M - $3.54M -
Alternative Use
- Use
- Estimation
- APARTMENT HOUSE (5+ UNITS)
- $2,460,000 Current use
- RETAIL STORES
- $2,555,000 Change: +4% Conversion: Difficult
- NEIGHBORHOOD: SHOPPING CENTER
- $2,165,000 Change: -12% Conversion: Difficult
- OFFICE BUILDING
- $2,085,000 Change: -15% Conversion: Moderate
- INDUSTRIAL (GENERAL)
- $2,025,000 Change: -18% Conversion: Difficult
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Location Insight
- Map
- Local Demand
- City
- Clearwater
- County
- Pinellas
- State
- Florida
- Longitude
- -82.7892
- Latitude
- 27.9337
- CBSA code
- 45300
- CBSA name
- TAMPA-ST. PETERSBURG-CLEARWATER, FL METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$23,869
$0.00
$0.00
$1,250,000
-
$407,045
$842,955
$1,250,000
