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1102 Sunset Point Rd
Clearwater, FL 33755
1102 Sunset Point - 6 Units Multi-Family · Multifamily Property For Sale
·
6 Units
Investment Highlights
- 6 Unit Multi Family, Near Downtown Dunedin & Area Beaches, Easy to Rent and Location in Demand
Executive Summary
Exceptional investment opportunity in perfect Clearwater location. Featuring a 6-unit multifamily property on an oversized lot with abundant on-site parking and additional owner storage shed. This professionally managed asset offers strong cash flow with an excellent cap rate and 5 of 6 units currently occupied, providing immediate income with one vacant unit available for easy showings or owner occupancy. All units have been renovated and in great shape! This is ideal for investors seeking a stable, turnkey asset in a high-demand rental corridor near Dunedin and Clearwater. The flexible layout presents multiple strategies: continue operating as a high-performing income property, increase rents over time, or live in the larger primary unit while the remaining units offset expenses and generate passive income. Tenants love the location with quick access to vibrant downtown Dunedin restaurants, breweries, shopping, and waterfront parks. Enjoy stunning Gulf Coast sunsets along Edgewater Drive and easy access to world-famous Clearwater Beach. Convenient to major employment centers, beaches, recreation, and entertainment, this property has consistently attracted reliable tenants and has been easy to lease. Additional highlights include ample parking, large lot size with future potential, owner storage, strong rental history, and pride of ownership throughout. Property has experienced no flooding or storm-related issues during ownership, offering added confidence for long-term investors. Rare opportunity to acquire a well-positioned multifamily asset in one of Pinellas County’s most desirable rental markets.
Property Facts
| Price Per Unit | $199,833 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.42 AC |
| Cap Rate | 8.54% | Building Size | 4,093 SF |
| No. Units | 6 | No. Stories | 1 |
| Property Type | Multifamily | Year Built | 1946 |
| Property Subtype | Apartment | Parking Ratio | 2.93/1,000 SF |
| Zoning | Multi-Family | ||
| Price Per Unit | $199,833 |
| Sale Type | Investment |
| Cap Rate | 8.54% |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | C |
| Lot Size | 0.42 AC |
| Building Size | 4,093 SF |
| No. Stories | 1 |
| Year Built | 1946 |
| Parking Ratio | 2.93/1,000 SF |
| Zoning | Multi-Family |
Amenities
Unit Amenities
- Storage Space
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 3+2 | 1 | $1,850 | - |
| 1+1 | 4 | $1,300 | - |
| Studios | 1 | $1,300 | - |
Property Taxes
| Parcel Number | 03-29-15-88092-000-0230 | Improvements Assessment | $362,932 |
| Land Assessment | $327,068 | Total Assessment | $690,000 |
Property Taxes
Parcel Number
03-29-15-88092-000-0230
Land Assessment
$327,068
Improvements Assessment
$362,932
Total Assessment
$690,000
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