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Missouri Lofts 1548 S Missouri Ave Apartment Building $925,000 7.31% Cap Rate Clearwater, FL 33756
Investment Highlights
- 100% Leased
- Professional Management Available
- Strong, Corner Lot Location
Executive Summary
Beautifully rare multifamily mixed use apartment complex. (6) Unit property features Fed Ex packing facility on corner lot with (5) apartment units. 100% leased and occupied. Concrete block construction with new roof, bathrooms, windows, kitchens in 2025.
Cost Analysis Performed as Rental Property
In:
Rent - $119,040.00
Out:
(Annual) Property Taxes - $9,225.00
(Annual) Estimated Insurance - $16,593.00
(Annual) Property Management (Optional) - $9,523.20
(Annual) Estimated Utilities/Lawn/Repair/Misc. -$16,059.00
Total Costs - $51,400.20
Net: $67,639.80
Earn:
Total yearly net equates to - $67,639.80
Total monthly gross equates to - $9,920.00
Cost Analysis Performed as Rental Property
In:
Rent - $119,040.00
Out:
(Annual) Property Taxes - $9,225.00
(Annual) Estimated Insurance - $16,593.00
(Annual) Property Management (Optional) - $9,523.20
(Annual) Estimated Utilities/Lawn/Repair/Misc. -$16,059.00
Total Costs - $51,400.20
Net: $67,639.80
Earn:
Total yearly net equates to - $67,639.80
Total monthly gross equates to - $9,920.00
Property Facts
| Price | $925,000 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.47 AC |
| Cap Rate | 7.31% | Building Size | 4,677 SF |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built | 1954 |
| Price | $925,000 |
| Sale Type | Investment |
| Cap Rate | 7.31% |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | C |
| Lot Size | 0.47 AC |
| Building Size | 4,677 SF |
| No. Stories | 2 |
| Year Built | 1954 |
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Moderately walkable
60/100
Moderately drivable
60/100
Some public transit
40/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 22-29-15-13662-003-0130 | Improvements Assessment | $241,569 |
| Land Assessment | $268,431 | Total Assessment | $510,000 |
Property Taxes
Parcel Number
22-29-15-13662-003-0130
Land Assessment
$268,431
Improvements Assessment
$241,569
Total Assessment
$510,000
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Missouri Lofts | 1548 S Missouri Ave
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