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614 Oak Ave 7 Unit Apartment Building $1,199,000 ($171,286/Unit) 6.17% Cap Rate Clearwater, FL 33756

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Investment Highlights

Property located in very desirable area minutes from the beach and short walk to downtown shopping. Excellent income !

Executive Summary

Price reduced to sell In Downtown Clearwater located in the very desirable Harbor Oaks area with good net yearly income . Few blocks from a Publix supermarket and several minutes to Clearwater Beach. Property well maintained with 7 units each having their own power and water meters and common coin operated laundry room.

614 OAK AVE Survey (8-27-20)

Roof Elastometric Receipt

Arborist letter. 208 pine Street-1

Financial Summary (Actual - 2025)	Annual	Annual Per SF
Gross Rental Income	$117,740	$30.45
Other Income	-	-
Vacancy Loss	-	-
Effective Gross Income	$117,740	$30.45
Taxes	-	-
Operating Expenses	-	-
Total Expenses	$45,475	$11.76
Net Operating Income	$72,265	$18.69

Financial Summary (Actual - 2025)

Gross Rental Income
Annual	$117,740
Annual Per SF	$30.45

Other Income
Annual	-
Annual Per SF	-

Vacancy Loss
Annual	-
Annual Per SF	-

Effective Gross Income
Annual	$117,740
Annual Per SF	$30.45

Taxes
Annual	-
Annual Per SF	-

Operating Expenses
Annual	-
Annual Per SF	-

Total Expenses
Annual	$45,475
Annual Per SF	$11.76

Net Operating Income
Annual	$72,265
Annual Per SF	$18.69

Property Facts

Price	$1,199,000	Building Class	C
Price Per Unit	$171,286	Lot Size	0.14 AC
Sale Type	Investment	Building Size	3,867 SF
Cap Rate	6.17%	Average Occupancy	100%
No. Units	7	No. Stories	2
Property Type	Multifamily	Year Built	1920
Property Subtype	Apartment Multifamily Dormitory	Parking Ratio	1.29/1,000 SF
Apartment Style	Low-Rise	Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Zoning	Apartments (5-9 Units) - The Property has two buildings (Quadplex built 1920) and (Triplex built 1953), consisting of three(3) 2BR / 1BA Units and four (4) 1BR /1BA units.

Price	$1,199,000
Price Per Unit	$171,286
Sale Type	Investment
Cap Rate	6.17%
No. Units	7
Property Type	Multifamily
Property Subtype	Apartment Multifamily Dormitory
Apartment Style	Low-Rise
Building Class	C
Lot Size	0.14 AC
Building Size	3,867 SF
Average Occupancy	100%
No. Stories	2
Year Built	1920
Parking Ratio	1.29/1,000 SF
Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Zoning	Apartments (5-9 Units) - The Property has two buildings (Quadplex built 1920) and (Triplex built 1953), consisting of three(3) 2BR / 1BA Units and four (4) 1BR /1BA units.