1489 Pierce Street, CLEARWATER

$425,000

Active

Get Directions

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
Show More Information

Neighborhood Information for 1489 Pierce 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

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

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.

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

Listing information last updated on October 30th, 2020 at 1:20pm EDT.