For Sale
$999,555

1190 Grove StClearwater, FL 33755

Four-unit rental, strong ROI

Overview

Added:
Dec 11, 2024
Days on market:
113
This exceptional Clearwater investment opportunity presents a four-unit multifamily property located at 1190 Grove St, offering a compelling blend of comfort, convenience, and strong return on investment. The property comprises two 2-bedroom, 1-bathroom units and two 1-bedroom, 1-bathroom units, each boasting high-quality finishes including hardwood floors and granite countertops. Spacious living areas and abundant natural light create inviting atmospheres. Residents enjoy private outdoor spaces and ample off-street parking. Situated in a desirable Clearwater neighborhood, the property benefits from proximity to shopping, dining, parks, schools, major highways, and public transportation. Built in 1950, the two buildings encompass a total of 4,149 square feet, with 2,969 square feet of net rentable space. The asking price is $999,555, representing a price per unit of $249,888.75 and a price per square foot of $240.91. This fee-simple ownership opportunity is ideal for investors seeking consistent rental income and long-term appreciation in a thriving Florida market. The property's desirable unit mix and modern amenities ensure high occupancy rates and a robust return on investment. Don't miss this chance to acquire a well-maintained, high-performing multifamily property in a prime Clearwater location.

Highlights

  • Four-unit multifamily property in desirable Clearwater location.
  • Two 2-bedroom/1-bathroom units and two 1-bedroom/1-bathroom units with hardwood floors and granite countertops.
  • 4,149 total square feet, 2,969 square feet net rentable space.
  • $999,555 asking price; $249,888.75 per unit; $240.91 per square foot.
  • Excellent rental income and long-term appreciation potential.

Property Details for 1190 Grove St

Property type
Residential income homes
Square Feet
4,149 SF
Class
C
Year Built
1950
Buildings
2
Units
4

Location Insight

City
Clearwater
County
Pinellas
State
Florida
Latitude
27.966680707226
Longitude
-82.78807981666
1190 Grove St, Clearwater, Florida

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1190 Grove St
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