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Victor A Aguilar

victor@azurirealty.com +1(512) 909-1532

$3,400,000

Est. payment - /mo

13,056 SqFt

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UPDATED:

Key Details

Property Type Commercial

Sub Type Multi-Family 5+

Listing Status Active

Purchase Type For Sale

Square Footage 13,056 sqft

Price per Sqft $260

Subdivision Brookwood Terrace Rev

MLS Listing ID A4697854

Construction Status Completed

HOA Y/N No

Year Built 1973

Annual Tax Amount $27,093

Lot Size 0.530 Acres

Acres 0.53

Lot Dimensions 125x183

Property Sub-Type Multi-Family 5+

Source Stellar MLS

Property Description

Kings Court Apartments - an 18-unit value-add multifamily asset in central Clearwater, minutes from downtown and the Gulf beaches and directly across from Clearwater Country Club. The mix is seven 1BD/1BA and eleven 2BD/2BA in a two-story CBS walk-up. Major capital is already in place: a 40-year TPO roof installed within the last ~3 years, newer HVAC across most units, copper wiring, and a resurfaced lot - the next owner's capital goes into interiors, not systems. In-place rents (avg ~$1,366) sit well below a renovated pro forma (~$1,694), with staggered 2026-27 lease expirations offering a turn-by-turn mark-to-market path supported by a comp set averaging ~$1,588. Trailing NOI ~$221K; pro forma ~$242K. Laundry and RUBS utility reimbursement add income. Tours by appointment through Rider RE only - please do not disturb tenants.

Location

State FL

County Pinellas

Community Brookwood Terrace Rev

Area 33755 - Clearwater

Interior

Heating Central, Electric

Cooling Central Air

Appliance Refrigerator

Exterior

Utilities Available Electricity Available, Public, Water Connected

Roof Type Membrane

Exposure Undetermined

Building

Story 2

Entry Level Two

Foundation Slab

Lot Size Range 1/2 to less than 1

Sewer Public Sewer

Water Public

Structure Type Block

New Construction false

Construction Status Completed

Others

Ownership Fee Simple

Acceptable Financing Cash, Commercial Financing

Listing Terms Cash, Commercial Financing

Special Listing Condition None

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Listed by William Gryboski G&R REAL ESTATE BROKERAGE, LLC

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Victor A Aguilar

+1(512) 909-1532

Agent/Team Lead | License ID: 0653089

Agent/Team Lead License ID: 0653089

111 N LADY MARY DR Clearwater, FL 33755

Victor A Aguilar

Key Details

Location

Interior

Exterior

Building

Others

NEARBY SCHOOLS & PROPERTIES

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111 N LADY MARY DR