$899,000
Pending · 10 days on market · MLS# MFRO6381692
| Bedrooms | 8 |
|---|---|
| Living area | 4,000 sq ft |
| Lot size | 0.32 acres |
| Year built | 1925 |
| Property type | Multi-Family 5+ |
| Private pool | Yes |
| Waterfront | Yes |
| Annual taxes | $12,506 |
| County | Pinellas |
Under contract-accepting backup offers. Exceptional investment opportunity in one of Clearwater’s most desirable locations! 1871 Stevenson Ave is a fully leased 4-unit property generating $83,904 in gross annual income, ideally situated just minutes from Downtown Clearwater, Dunedin, award-winning Gulf beaches, and walking distance to the Pinellas Trail. The property features a highly desirable unit mix of two 2-bedroom/1-bath units and two 2-bedroom/1.5-bath units. The two ground-floor units include in-unit washer and dryers, adding tenant convenience and rental appeal. All four units are currently rented, providing immediate cash flow, with one tenant on a month-to-month lease offering flexibility for repositioning or creative financing strategies. This property sits on a rare double lot, presenting significant value-add potential. Investors can explore rent increases to align with market rates, renovate the existing two garage units for additional income, or consider redevelopment opportunities as new construction homes continue to elevate the surrounding neighborhood. Located in a high-demand rental corridor near Dunedin, Downtown Clearwater, and the beaches, this is a prime opportunity for investors seeking stable income today with upside tomorrow.
Listing courtesy of Andrew Cutrona, BLUE PEAK REALTY LLC. Presented by MC Homes Realty Inc · 727432218.