For Sale
$2,750,000

15515 Verona AveClearwater, FL 33760

12 Units, High Occupancy, Strong ROI

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional investment opportunity presents a portfolio of six renovated duplexes totaling twelve units, located in Clearwater and Oldsmar, Florida within Pinellas County. The properties, situated at 15515 & 15529 Verona Ave, 15197 & 15181 Westminister Ave in Clearwater (zip code 33760) and 3145 & 3141 St Clair Ave in Oldsmar (zip code 34677), boast a combined 8,899 square feet. Each duplex features two units, each with two bedrooms and one bathroom, approximately 750 square feet. Recently renovated in 2023, these properties offer immediate cash flow with 100% occupancy and a strong net operating income (NOI) of $214,500, resulting in a 7.80% capitalization rate. The asking price is $2,750,000, or $229,166.67 per unit, and each unit provides two parking spaces. Built between 1950 and 1994, these properties represent a rare opportunity to acquire a turnkey multifamily investment with significant potential for appreciation. The portfolio's configuration allows for efficient management, and the high rental demand in the area ensures consistent occupancy and strong returns. This is an ideal investment for those seeking immediate cash flow and long-term growth in a desirable Florida market.

Highlights

  • $2,750,000 asking price for a portfolio of six duplexes.
  • 12 total units with 100% occupancy.
  • $214,500 Net Operating Income (NOI) yielding a 7.80% cap rate.
  • Recently renovated in 2023, with units averaging approximately 750 square feet.
  • Each unit features 2 bedrooms and 1 bathroom, and includes 2 parking spaces per unit.
  • Located in Clearwater and Oldsmar, Florida, in Pinellas County.

Property Details for 15515 Verona Ave

Property type
Square Feet
8,899 SF
Year Renovated
2023
Buildings
6
Units
12

Location Insight

City
Clearwater
County
Pinellas
State
Florida
Latitude
27.913397
Longitude
-82.7078287
15515 Verona Ave, Clearwater, Florida

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15515 Verona Ave
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