15515 Verona Ave Clearwater, FL 33760
- Commercial real estate
- 8,899 SF
Current Use by Public Records
- Commercial real estate
Property Details for 15515 Verona Ave
- Property size
- 8,899 SF
- Property type
- Commercial real estate
Description
This exceptional investment opportunity presents a portfolio of six renovated duplexes totaling twelve units, located in Clearwater and Oldsmar, Florida within Pinellas County. The properties, situated at 15515 & 15529 Verona Ave, 15197 & 15181 Westminister Ave in Clearwater (zip code 33760) and 3145 & 3141 St Clair Ave in Oldsmar (zip code 34677), boast a combined 8,899 square feet. Each duplex features two units, each with two bedrooms and one bathroom, approximately 750 square feet. Recently renovated in 2023, these properties offer immediate cash flow with 100% occupancy and a strong net operating income (NOI) of $214,500, resulting in a 7.80% capitalization rate. The asking price is $2,750,000, or $229,166.67 per unit, and each unit provides two parking spaces. Built between 1950 and 1994, these properties represent a rare opportunity to acquire a turnkey multifamily investment with significant potential for appreciation. The portfolio's configuration allows for efficient management, and the high rental demand in the area ensures consistent occupancy and strong returns. This is an ideal investment for those seeking immediate cash flow and long-term growth in a desirable Florida market.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Clearwater
- County
- Pinellas
- State
- Florida
- Longitude
- -82.7078287
- Latitude
- 27.913397
