BEDS8
BATHS
SQUARE FEET4,000
MLS#O6381692
STATUSPending
PROPERTY TYPEMulti Unit - Multiple
SUBDIVISIONSUNSET POINT 2ND
Property Description
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.
Property Features
Property Type: Multi Unit - Multiple
Cooling: Central Air, Wall/Window Unit(s)
Heating: Central
Lot Size: 0.32 Acres
Roof Type: Metal
Stories: 2.0
Taxes: $12,506
Year Built: 1925
Amenities
Living Room/Dining Room Combo
Storage
Feature Descriptions
Annual Net Income: 51221.00
Appliances: Dryer, Refrigerator, Washer
Community Features: Street Lights
Days on Site: 44
Directions: Take I-275 S and FL-60 W to S Keene Rd in Clearwater. Follow S Keene Rd and Sunset Point Rd to Stevenson Ave
Exterior: Stucco, Frame
Fireplace: Decorative
Fireplace Y/N: Yes
Flood Zone Code: C
Foundation: Crawlspace
Home Warranty Y/N: No
Lease Terms: Twelve Months
Listing Terms: Cash, Conventional, FHA, Owner Financing, VA Loan
Lot Dimensions: 0.32
Ownership: Fee Simple
Parking: Driveway
Parking Notes: Driveway
Property Attached Y/N: No
Property Sub-Type: Multi-Family 5+
Sewer: Public Sewer
Showing Instructions: Appointment Only
Special Sale Provisions: None
Units: 6
Utilities: Cable Available, Electricity Available, Electricity Connected, Public, Sewer Connected, Water Available, Water Connected
Water: Public
Water Access Y/N: No
Water View: Bay/Harbor - Partial
Local Schools
High School: Dunedin High-PN
Middle School: Dunedin Highland Middle-PN
Elementary School: Sandy Lane Elementary-PN
Listed By / Shown By
Listed By
Agency Name: BLUE PEAK REALTY LLC
Agency Contact: 727-777-7100
Shown By
Agency Title: Florida Executive Realty
Agency Phone: 813-632-9452
Estimate Your Payment
Estimated Payment
$ 3,305.16 per month $2,000.78 Principal & Interest $1,042.17 Property Tax $262.21 Homeowner's Insurance
1871 Stevenson Avenue | MLS# O6381692
This multi-family property located at 1871 Stevenson Avenue, Clearwater, FL 33755 is currently listed for sale with an asking price of $899,000. Search Clearwater real estate on www.floridaexecutiverealty.com today.