223 Dolphin PtClearwater, FL 33767

Property Details for 223 Dolphin Pt

Year built

1970

Lot size

0.29 AC

Property size (Sq ft)

7,754 SF

Property type

Residential income properties

Property subtype

Multifamily properties

Description

This exceptional 16-unit apartment building, located at 223 Dolphin Point in Clearwater, Florida, presents a compelling investment opportunity. Completely renovated in 2024, this property boasts 7,754 square feet on a 0.29-acre waterfront lot. The building, constructed in 1970 and recently modernized, features a mix of one and two-bedroom units, ranging in size from 592 to 929 square feet. The unit breakdown includes one 1-bedroom/1-bathroom unit, six 2-bedroom/1-bathroom units (788 sq ft), and three larger 2-bedroom/1-bathroom units (929 sq ft). Currently operating at 100% occupancy (as of June 17, 2024), this property offers significant upside potential through future rent increases. Its prime location in the Island Estates neighborhood provides convenient access to Clearwater Beach, nearby amenities such as Publix (0.2 miles) and the Clearwater Marine Aquarium (0.4 miles), and recreational activities including jet ski rentals, deep-sea fishing, and parasailing. The property also includes six boat slips. Zoned A, this is a turnkey investment in a high-demand area, offering a strong return on investment. The asking price is $5,100,000, representing 100% ownership of a meticulously renovated waterfront asset. This is a rare opportunity to acquire a fully renovated, high-occupancy multifamily property in a desirable location.

Location Insight

City

Clearwater

County

Pinellas

State

Florida

Latitude

27.9803

Longitude

-82.8194

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