Listing ID: U8167575
Price: $679,900
Status: Active
Address: 822 Grand Central Street
City: Clearwater
State: Florida
Postal Code: 33756
Bedrooms: 6
Total Baths: 5
SqFt: 2,816
Acres: 0.160
County: Pinellas
Subdivision: Milton Park
Take advantage of the opportunity to own two income generating properties on one parcel only 1.3 miles from downtown Clearwater! 5 units total. The front building has four 1 bedroom/1 bath units and the rear stand alone cottage has one 2 bedroom/1 bath unit. All units are fully leased and currently bring in $4575 per month with a cap rate of 5%! The property is professionally managed and copies of all leases, rent roll and income statements are available for your perusal. Located only 10 minutes away from the white sandy beaches of Clearwater and the infamous Pier 60. Top rated Hotels, Shops & Boutiques, fabulous dining, restaurants, and entertainment venues are a short drive away. Major medical is around the corner. Come live and experience the vibrant cultural atmosphere of Downtown Clearwater. The opportunity to build long term wealth through residual income awaits! Available for showings by appointment only.

Primary Features

County: Pinellas
Price Before Reduction: 699900
Price Reduction Date: 2022-07-22T20:25:53+00:00
Property Sub Type: Multi-Family
Property Type: Residential Income
Subdivision: Milton Park
Year Built: 1915


Appliances: Refrigerator
Building Area Units: Square Feet
Cooling Type: Wall/Window Unit(s)
Fireplace: no
Heating Type: Wall Units / Window Unit
Interior Features: Eat-in Kitchen, Living Room/Dining Room Combo, Open Floorplan, Other, Solid Surface Counters, Solid Wood Cabinets
Levels: Two
Living Area Meters: 261.61
Living Area Source: Public Records
Living Area Units: Square Feet
Unit Count: 2


Association: no
Association Name: McPeak Realty Group
Building Area Source: Public Records
Building Area Total: 3168
Country: US
MLS Area Major: 33756 - Clearwater/Belleair
Senior Community: no
Township: 29
Waterfront: no


CDD: no
Homestead: no
Mls Status: Active
Pets Allowed: Yes
Public Survey Range: 15
Public Survey Section: 21
SDEO: no


Annual Expenses: 18616
Annual Net Income: 35523.00
Current Price: 679900.00
Financial Data Source: Broker
Gross Income: 54139
Listing Terms: Cash, Conventional
Ownership: Fee Simple
Special Listing Conditions: None
Tax Annual Amount: 5684.52
Tax Block: 3
Tax Book Number: 1-69
Tax Lot: 15
Tax Year: 2021


Carport: no
Construction Materials: Wood Frame, Wood Siding
Exterior Features: Private Mailbox
Flood Zone Code: X
Foundation Details: Crawlspace
Garage: no
Lot Size Dimensions: 55x127
Lot Size SqFt: 7044
Lot Size Square Meters: 654
New Construction: no
Number Of Units Total: 5
Parking Features: Common
Patio And Porch Features: Covered, Front Porch
Pool Private: no
Road Surface Type: Asphalt, Paved
Roof: Shingle
Sewer: Public Sewer
Total Acreage: 0 to less than 1/4
Total Number of Buildings: 2
Utilities: Sewer Connected
Water Access: no
Water Extras: no
Water Source: Public
Water View: no

Zoning Info

Listing information courtesy of Charles Rutenberg Realty Inc.

Listing information ©My Florida Regional MLS DBA Stellar MLS 2022. All listing information is deemed reliable but not guaranteed and should be independently verified through personal inspection by appropriate professionals. Listings displayed on this website may be subject to prior sale or removal from sale. Availability of any listing should always be independently verified. Listing information is provided for consumer personal, non-commercial use, solely to identify potential properties for potential purchase. All other use is strictly prohibited and may violate relevant federal and state law. Data last updated on Wednesday, August 10th, 2022 at 10:38:35 PM.

Contact - Listing ID U8167575

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Jon Smith

100 Beach Dr NE, Suite 101
St Petersburg, FL 33701
Phone: 415-200-8584

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