1379 S Martin Luther King Jr Ave, Clearwater, Florida 33756
- $449,000
1379 S Martin Luther King Jr Ave, Clearwater, Florida 33756
- $449,000
Overview
- Triplex, Residential Income
- 5
- 3
Description
Triplex Investment Opportunity in a prime location between downtown Clearwater and Belleair This rare triplex presents a cash flow opportunity for investors. Conveniently situated between downtown Clearwater and Belleair, the property boasts a superb location facing Lake Belleview and is directly across from Ross Norton Recreation Center and Ed C. Wright Park. A short drive will take you to some of the best beaches in the US at Clearwater, Belleair Beach, Indian Rocks Beach to name a few. The triplex is currently fully rented and ready for a new owner to benefit from its steady income with a CAP rate of ~8.7 calculated with the current rents, expenses and the asking price. It consists of three separate units: • Unit 1: 3 bedrooms, 1 bathroom — currently leased and occupied at $1, 700 per month. • Unit 2: 2 bedrooms, 1 bathroom — leased and occupied at $1, 800 per month. This unit has been recently remodeled. • Unit 3: Studio — leased at $1, 100 per month. Recent Property Updates • Roof replaced in 2021 • A/C replaced in 2021 Contact your agent today to schedule a showing! Appointment Only ***Do Not Disturb Tenants**
Address
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Address: 1379 S MARTIN LUTHER KING JR AVENUE
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City: Clearwater
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State/county: FL
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Zip/Postal Code: 33756
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Country: US
Details
Updated on January 20, 2026 at 7:15 pm-
Property ID HZTB8447196
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Price $449,000
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Land Area 0.12 Acres
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Bedrooms 5
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Bathrooms 3
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Year Built 1940
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Property Type Triplex, Residential Income
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Property Status Canceled
Additional details
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Listing Terms Cash, Conventional
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Roof Shingle
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Sewer Public Sewer
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Cooling Central Air, Wall/Window Unit(s)
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Heating Electric
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County Pinellas
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Property Type Residential Income
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Community Features Street Lights
Features
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