822 Grand Central St Clearwater, FL 33756

This exceptional Clearwater, Florida multifamily property, located at 822 Grand Central Street, presents a compelling investment opportunity. The property consists of two, two-story buildings, totaling five units, built in 1915 and renovated in 2007. Each unit offers comfortable living spaces, with a mix of one and two-bedroom layouts. Currently boasting 100% occupancy, the property generates a strong current net operating income (NOI) of $16,604 annually. A pro forma NOI of $29,204 projects even greater potential. The asking price is $795,000, representing a price per unit of $159,000 and a competitive capitalization rate of 3.67%. Situated in Pinellas County, zip code 33756, the property benefits from a desirable location with strong demographics. The average household income within a one-mile radius is $75,234 (2023 data). This historic property blends old-world charm with modern updates, making it an attractive investment for those seeking reliable rental income in a thriving market. The property's strong performance and location make it an ideal addition to any investment portfolio. This is a rare opportunity to acquire a well-maintained, income-producing multifamily property in a prime Clearwater location.