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Grand Central Apartments 822 Grand Central St

5 Unit Apartment Building $795,000 ($159,000/Unit) 6% Cap Rate Clearwater, FL 33756

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Executive Summary

With all units currently occupied, this property presents an excellent opportunity for investors seeking a reliable income stream in a high-demand rental market. This property offers a unique blend of rental units in a prime location, ensuring a steady stream of rental income.
Don't miss out on this exceptional investment opportunity in a sought-after location!

Property Facts

Price	$795,000	Building Class	C
Price Per Unit	$159,000	Lot Size	0.16 AC
Sale Type	Investment	Building Size	3,168 SF
Cap Rate	6%	Average Occupancy	100%
No. Units	5	No. Stories	2
Property Type	Multifamily	Year Built/Renovated	1915/2007
Property Subtype	Apartment	Parking Ratio	1.89/1,000 SF
Apartment Style	Low Rise	Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.

Price	$795,000
Price Per Unit	$159,000
Sale Type	Investment
Cap Rate	6%
No. Units	5
Property Type	Multifamily
Property Subtype	Apartment
Apartment Style	Low Rise
Building Class	C
Lot Size	0.16 AC
Building Size	3,168 SF
Average Occupancy	100%
No. Stories	2
Year Built/Renovated	1915/2007
Parking Ratio	1.89/1,000 SF
Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.