1489 Pierce Street, CLEARWATER



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0 Beds
0 Baths
0 Sqft
.23 Acres
0 Garages

The Pierce Apartments, offered separately or as one of a Three-Property Portfolio (also in Clearwater at 1455 Laura St, and 25-27 San Remo Ave N) are situated in the quiet Glenwood neighborhood, one-half block 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 two structures, and four total units (a two-bedroom, and three one-bedroom) with tenants paying electric, the Property features ample parking, carports, new roof in 2016 (1487-89), new Central A/C (1489 also 2016), and private courtyard. Rents are $851, 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 39% of EGI. Pierce Apartments – separately or with Laura St / San Remo Ave N Apartments – represents a unique opportunity to acquire a well-managed and maintained income-producing multifamily property in very close proximity to Crest Lake Park. Current, stable income with expectation of minimal near-term capex requirements compliment prospects for long-term asset value appreciation.

Essential Information
MLS® # U8093959
Price $425,000
Acres 0.23
Year Built 1952
Type Residential Income
Sub-Type Quadruplex
Status Active
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Neighborhood Information for 1489 Pierce Street

Low Residential Turnover, Coastal Area, Suburb of Tampa


  • Highs

    • January 71.60℉
    • July 91.30℉
  • Lows

    • January 50.20℉
    • July 73.60℉
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    • 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

Delphi Academy Of Florida

Private - Preschool to 12th Grade
0.9 Miles

Skycrest Elementary School

Public - Preschool to 5th Grade
1 Miles

Clearwater Fundamental Middle School

Public - 6th Grade to 8th Grade
1 Miles

Clearwater Intermediate School

Public - 5th Grade to 9th Grade
1 Miles

Clearwater Academy International

Private - Preschool to 12th Grade
1.2 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 30th, 2020 at 1:20pm EDT.