407 Jupiter Ave Clearwater, FL 33755-6518
Property profile & analytics
407 Jupiter Ave Clearwater, FL 33755-6518
- Apartment buildings
- 2,140 SF
- 0.27 lot acres
Property ID
US18-1445194
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 407 Jupiter Ave
- Year built
- 1951
- Construction
- CONCRETE BLOCKS
- Lot size
- 0.27 lot acres
- Property size
- 2,140 SF
- Property type
- Apartment buildings
- APN
- 14-29-15-00000-140-1600
- APU
- 142915000001401600
Description
This exceptional 11-unit apartment building presents a compelling value-add opportunity in Clearwater, Florida. Situated on a 0.27-acre lot at 407 S Jupiter Ave, 33755, this property boasts 3,100 net rentable square feet across two one-story buildings. Built in 1951 and renovated in 2020, the property features a new roof (installed November 2020), updated wind-rated windows, and newer individual/mini-split HVAC units. Currently operating at 100% occupancy, the property generates a strong NOI of $71,953, representing a 6.85% cap rate. A pro-forma analysis projects a significant increase to a 7.98% cap rate and $83,763 NOI with limited cosmetic improvements, offering a potential 15% NOI boost. The property benefits from its prime location in Pinellas County, close to Clearwater Beach, Downtown Clearwater, educational institutions, and hospitals, with ample employment opportunities nearby. Zoned commercial, this asset presents further upside potential through short-term or corporate rentals. The asking price is $1,050,000 ($95,455 per unit), and the seller is open to financing options for qualified buyers. The property is constructed of concrete block and is not located in a flood zone. This investment offers a blend of immediate income and significant future growth potential in a high-demand area. The property's location along the Gulf to Bay corridor (55,000 AADT) further enhances its appeal.
Value Estimations
based on Realmo’s proprietary methodology
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $579,000
- AI Estimate
- $579,000
Market price range: $291k - $579kMarket price range: $291k - $579k -
Alternative Use
- Use
- Estimation
- AUTO REPAIR, GARAGE
- $1,255,000
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Clearwater
- County
- Pinellas
- State
- Florida
- Longitude
- -82.7656
- Latitude
- 27.9614
- 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
$17,349
$0.00
$0.00
$900,000
-
$344,266
$555,734
$900,000
