$1,900,000
Active300 S Nimbus Ave, Clearwater, FL 33765
7,359 sq ft
Listing courtesy of RIDER REAL ESTATE · MLS# A4699732
110 days on market
Refreshed from the Stellar MLS feed . This listing’s MLS record last changed .
About this property
Fully-stabilized 10-unit apartment community in central Clearwater's Sky Crest submarket, offered at $1,900,000 ($190,000/unit). This 1964 concrete-block, two-story walk-up offers nine renovated units, updated kitchens with stainless appliances, quartz counters, tile backsplash, vinyl-plank flooring and in-unit washer/dryer, plus one larger 2BR/2BA in original condition for renovate-to-premium upside. Unit mix: three 1BR/1BA, six 2BR/1BA, one 2BR/2BA. In-place rents sit below market across every type, giving a new owner low-risk mark-to-market upside as leases turn; five units are currently month-to-month. Central HVAC and on-site carport parking. Minutes to Gulf-to-Bay Blvd, US-19, downtown Clearwater and the Gulf beaches. Offering memorandum and financials available on request. Showings by appointment through listing office, please do not disturb tenants.
Facts
- Property type
- Multi-Family 5+
- Year built
- 1964
- Flood zone
- X
- Annual taxes
- $21,771/yr
- Listed
- Jul 11, 2026
- MLS #
- A4699732
Commercial details
Building & site
- Building size
- 7,359 SF
- Lot size
- 0.25 acres (10,738 SF)
- Road frontage
- 98 ft · City Street
- Buildings
- 1
- Occupancy
- Tenant-occupied
Investor metrics
- Price per SF (MLS)
- $258.19/SF
- Cap rate
- 7.26%
- Net operating income
- $137,954/yr
- Gross income
- $193,052/yr
- Annual expenses
- $55,098/yr
- Units
- 10
As reported by the listing broker in the MLS. Not verified by Lasbury-Tracy Realty — confirm with the listing broker before relying on them. We never estimate a cap rate.
Price & status history
- Listed for $2,000,000
- Price reduced to $1,900,000
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300 S Nimbus Ave, Clearwater, FL 33765
Listing courtesy of RIDER REAL ESTATE · MLS# A4699732 · Active
Where this property is
Opens on aerial — on this coast the canal, the lot and the neighbours answer more questions than a street grid does.
