1455 Laura Street, CLEARWATER

$325,000

Active

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0 Beds
0 Baths
0 Sqft
.28 Acres
0 Garages

The Laura Apartments, offered separately or as one of a Three-Property Portfolio (also in Clearwater at 25-27 San Remo Ave N, 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 three one-bedroom units, the Property features an expansive double lot (94’ x 120’), E-Heat convection systems, soft-filtered water, on-site laundry, ample off-street parking, and additional storage. Tenants pay all utilities directly to public service providers. Current rents average $823 with all residents subject to written leases with a one-year minimum term. Capital expenditures include upgrades to the roof and electric panels. 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. Laura Apartments – separately or with Pierce / San Remo 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.

Essential Information
MLS® # U8093955
Price $325,000
Acres 0.28
Year Built 1925
Type Residential Income
Sub-Type Triplex
Status Active
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Neighborhood Information for 1455 Laura Street

Low Residential Turnover, Coastal Area, Suburb of Tampa

Weather

  • Highs

    • January 71.60℉
    • July 91.30℉
  • Lows

    • January 50.20℉
    • July 73.60℉
  • rain icon

    Precipitation

    • 52.42"
   
Great Schools School Name Distance  

Saint Cecelia Interparochial

Catholic - Preschool to 8th Grade - Closest Elementry School
0.4 Miles

Washburn Academy

Private - Kindergarten to 12th Grade - Closest Middle School
0.6 Miles

Clearwater Intermediate School

Public - 5th Grade to 9th Grade
0.9 Miles

Clearwater Fundamental Middle School

Public - 6th Grade to 8th Grade
0.9 Miles

Delphi Academy Of Florida

Private - Preschool to 12th Grade
0.9 Miles

Skycrest Elementary School

Public - Preschool to 5th Grade
1 Miles

Clearwater Academy International

Private - Preschool to 12th Grade
1.1 Miles

School data provided by GreatSchools

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Listing data comes from My Florida Regional MLS DBA Stellar MLS.

Listing information last updated on October 22nd, 2020 at 12:01am EDT.