About 1959 Rainbow Drive
Welcome to 1959 Rainbow Drive—a versatile multifamily treasure nestled in the Sky Crest neighborhood of Clearwater. Built in 1953 and spread across a generous 0.27-acre lot, this solid stucco structure spans a spacious 2,931 square feet of living space . Ideal for investors or owner-occupiers seeking income potential, this property features multiple rentable units (two efficiencies, two one-bedroom units, and one two-bedroom unit), each consistently leased and generating reliable rental income. Amenities include: Ample parking: Carports accommodate three full-sized vehicles plus one compact car On-site laundry facility Simplified utilities: A single water meter covers the entire property, While each unit has its own electric meter. Move-in-ready status: All units are functional with tenants in place. This is a fully operational rental business and is non-distressed. Situated in a convenient Clearwater locale, the property offers easy access to Clearwater Beach, Tampa Airport, Downtown Clearwater, and is well-positioned between thriving residential and commercial corridors.
Features of 1959 Rainbow Drive
| MLS® # | TB8416109 |
|---|---|
| Price | $680,000 |
| Bedrooms | 6 |
| Bathrooms | 5.00 |
| Square Footage | 2,931 |
| Acres | 0.27 |
| Year Built | 1953 |
| Type | Residential Income |
| Sub-Type | Multi Family |
| Status | Active |
Listing Details
| Office | COASTAL PROPERTIES GROUP INTERNATIONAL |
|---|
Listing Map
Neighborhood Information for 1959 Rainbow Drive
Stable Population, Low Residential Turnover, Suburb of Tampa
Statistics
Number of Listings
Population Age
Home Listings Prices
Nearby Schools
| Great Schools | School Name | Distance | |
|---|---|---|---|
|
Clearwater High School Public - 9Th Grade to 12Th Grade - Closest High School |
0 Miles | |
|
Clearwater Adult Education Center Public - to |
0 Miles | |
|
Skycrest Elementary School Public - Preschool to 5Th Grade - Closest Elementry School |
0 Miles | |
|
|
Hospital/Homebound Public - Preschool to 12Th Grade |
0 Miles | |
|
|
Ewes-Eckerd Youth Challenge Public - 6Th Grade to 12Th Grade |
0 Miles | |
|
|
Delphi Academy Of Florida Private - Preschool to 12Th Grade |
1 Miles | |
|
|
Skycrest Christian School Private - Preschool to 8Th Grade - Closest Middle School |
1 Miles |
School data provided by GreatSchools