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… Read More 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. Read Less
Courtesy of BLUE PEAK REALTY LLC 727-777-7100
Listing Snapshot
Days Online
0
Last Updated
Property Type
Multi-Family 5+
Beds
8
Square Ft.
4,000
Lot Size
0.31 Acres
Year Built
1925
MLS Number
O6381692
Additional Details
Property Access
Road Surface: Asphalt
Appliances & Equipment
Dryer, Refrigerator, Washer
Building
Built in 1925, Living area: 4000, Living area units: Square Feet, Levels: Two, Construction Materials: Stucco, Frame
Community
Street Lights
Cooling
Central Air, Wall/Window Unit(s)
Exterior Features
Storage
Fireplaces
Decorative
Foundation
Crawlspace
Heating
Central
Income
Gross Income: $83,904
Interior Features
Living Room/Dining Room Combo
Laundry
Laundry Room
Lot
0.32 acres, Dimensions: 120x65
Parking
Driveway
Property
Water
Roof
Metal
Sewer
Public Sewer
Taxes
Additional parcels description:, Parcel Number: 03-29-15-88128-002-0310, Public Survey Range: 15, Public Survey Section: 03, Annual Amount: $12,506, Tax Block: B, Tax Book Number: 8-14, Legal Description: SUNSET POINT 2ND ADD BLK B, LOT 31, Lot: 31, Year: 2025
Tenant Pays
Electricity
Utilities
Cable Available, Electricity Available, Electricity Connected, Public, Sewer Connected, Water Available, Water Connected, Water Source: Public
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