115 n san remo avenue, clearwater, FL 33755

Under contract-accepting backup offers. Prime 8-Unit Multifamily Investment Opportunity. Located in Clearwater’s vibrant East Gateway District, this 8-unit multifamily community is being offered for sale for the first time in 12 years. The property boasts a solid cap rate with a strong history of proven occupancy and considerable potential for increased rental income. Ideally located residents benefit from easy access to an array of amenities, including 82 restaurants, 19 grocery stores, and 14 parks, all within a one-mile radius. The world-class beaches of Clearwater are just minutes away, adding to the property’s appeal for both tenants and investors. Constructed in 1971, the property consists of a single two-story building set on a corner lot spanning 12,767 square feet. The building features a mix of 2 one-bedroom, one-bathroom units, each offering approximately 713 square feet of living space, and 6 spacious two-bedroom, one-bathroom units, each with around 1,085 square feet. Units are separately metered for water AND electric! All units are equipped with central air conditioning, ensuring tenant comfort year-round. Additional amenities include on-site laundry facilities, which are not currently in use by the owner and could be an additional income source, and ample on-site parking for residents.This is an excellent opportunity to acquire a well-maintained income-producing asset with immediate cash flow and the ability to capitalize on below-market rents, offering strong upside potential. Tenants are unaware of the sale, so showings are strictly drive-by only—please do not walk the property or disturb the tenants. All offers should be submitted subject to interior inspection. The listing agent has a complete package with current financials and the rent roll available upon request via email.

Information provided by My Florida Regional MLS DBA Stellar MLS, Copyright 2025
All information provided is deemed reliable but is not guaranteed and should be independently verified. Participants are required to indicate on their websites that the information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Listing By: Luis Piamba, LLC of KELLER WILLIAMS ON THE WATER S, Phone: 941-803-7522