Clearwater, FL 33755,27 N SAN REMO AVE
Clearwater, FL 33755,27 N SAN REMO AVE
Clearwater, FL 33755,27 N SAN REMO AVE
Clearwater, FL 33755,27 N SAN REMO AVE
Clearwater, FL 33755,27 N SAN REMO AVE
Clearwater, FL 33755,27 N SAN REMO AVE
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$350,000

$380,000

7.9%
Est.Price: ?

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Est. payment /mo

2,219 SqFt


SOLD DATE : 10/15/2020

Key Details

Sold Price $350,000

Property Type Multi-Family

Sub Type Triplex

Listing Status Sold

Purchase Type For Sale

Square Footage 2,219 sqft

Price per Sqft $157

Subdivision Highland Groves

MLS Listing ID U8093957

Sold Date 10/15/20

Construction Status Appraisal,Financing,Inspections

HOA Y/N No

Year Built 1947

Annual Tax Amount $1,808

Lot Size 6,969 Sqft

Acres 0.16

Lot Dimensions 50x120

Property Description

The San Remo Apartments, offered separately or as one of a Three-Property Portfolio (also in Clearwater at 1455 Laura St, and 1483-89 Pierce St) are situated in the quiet Glenwood neighborhood, a short walk to popular Crest Lake Park (currently undergoing $5.7 million renovation to be complete in 2020), and just minutes to Clearwater Beach, and the lively Cleveland Street District. Consisting of a two-story duplex (separately metered for electric paid by tenants, with owner paying water/sewer/trash) and adjacent two-bedroom ranch home (tenant pays all utilities), the Property features an expansive corner lot, new roofs in 2019 with R-30 insulation, upgraded A/C, on-site laundry, ample parking, and additional storage. Rents are $867 and $1,290 with a one-year minimum term lease. Pro-Forma real estate taxes are estimated based on the offer price. The Property has historically been 100% occupied, and is projected to operate on an owner-managed basis with total expenses of approximately 35% of EGI. San Remo Apartments – separately or with Laura St / Pierce St Apartments – represents a unique opportunity to acquire a well-managed and maintained income-producing multifamily property near Crest Lake Park, and minutes to Clearwater Beach. Current, stable income with expectation of minimal near-term capex requirements compliment prospects for long-term asset value appreciation.

Location

State FL

County Pinellas

Community Highland Groves

Interior

Heating Central, Wall Units / Window Unit

Cooling Central Air, Wall/Window Unit(s)

Fireplace false

Exterior

Exterior Feature Fence

Utilities Available Electricity Connected, Sewer Connected, Water Connected

Roof Type Shingle

Garage false

Private Pool No

Building

Foundation Slab

Lot Size Range 0 to less than 1/4

Sewer Public Sewer

Water Public

Structure Type Block,Stucco

New Construction false

Construction Status Appraisal,Financing,Inspections

Others

Senior Community No

Ownership Fee Simple

Special Listing Condition None

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Stellar MLS
Listed by COLDWELL BANKER RESIDENTIAL
Bought with FATHOM REALTY FL LLC
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