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1811 Rainbow Drive
Clearwater, Florida FL 33765-3443
Price: $793,000
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Listing ID: U8156746
Status: Pending
SqFt: 3,491 Sq Ft
Acres: 0.270 Acres
Subdivision: Skycrest
Year Built: 1951

BACK ON THE MARKET! Seller chose to do some updating. Flat Roof just done 10/2022 tapered to slope, last HVAC needing updating was done, Electrical panels updated , other updates done as well. INCREDIBLE rental income property opportunity in the heart of Clearwater. Excellent location. Short distance to local parks, restaurants, schools, shopping, downtown area and only a few miles drive to the beach. All tenants have been long term renters ranging from 10 years to 25 years straight. Leases recently expired , and no renewals have been issued so that new owner has options ( units are on a month-to-month basis) Seller has kept rent low with minimal rent increases due to good relationship with long term tenants. Each unit has 2 assigned parking spaces. All units are separately metered for both water and electric.Each tenant pays for their own utilities. Irrigation- reclaimed water. Roof was replaced in 2017 ad 2022 with Architectural Shingles and Bitumen. Exterior and interior of units have been painted recently. All 4 water heaters replaced 2018-2022. All 4 HVAC systems replaced 2021-2022. The 3 bigger units have an outside 8x8 storage unit space. Electrical panels recently updated and/or replaced. Unit include 3/1, 2/1 + Den with a closet , 2/1 + Den and closet , 2/1. All current rents are significantly bellow market . Current market rent estimates car range from $6,600- $7,400- however, buyer should do their own due deligence.

Primary Features

County: Pinellas
Price Before Reduction: 839000
Price Reduction Date: 2022-10-18T15:56:45+00:00
Property Sub Type: Quadruplex
Property Type: Residential Income
Subdivision: Skycrest
Year Built: 1951


Building Area Units: Square Feet
Cooling Type: Central Air
Fireplace: no
Heating Type: Central
Interior Features: Kitchen/Family Room Combo, Living Room/Dining Room Combo
Living Area Meters: 324.32
Living Area Source: Public Records
Living Area Units: Square Feet


Carport: no
Construction Materials: Stucco
Exterior Features: Irrigation System, Sidewalk
Foundation Details: Slab
Garage: no
Green Water Conservation: Irrigation-Reclaimed Water
Homestead: no
Lot Size Dimensions: 86x135
Lot Size SqFt: 11600
Lot Size Square Meters: 1078
Number Of Units Total: 4
Pool Private: no
Road Surface Type: Concrete, Paved
Roof: Shingle
Sewer: Public Sewer
Total Acreage: 1/4 to less than 1/2
Total Number of Buildings: 1
Utilities: Electricity Connected, Public, Sewer Connected, Sprinkler Recycled, Street Lights, Water - Multiple Meters
Water Access: no
Water Extras: no
Water Source: Public
Water View: no
Waterfront: no


Association: no
Community Development District: no
Country: US
Flood Zone Code: X
MLS Area Major: 33765 - Clearwater/Sunset Point
Township: 29


Annual Net Income: 21000.00
Current Price: 793000.00
Disclosures: Lead Paint, Seller Property Disclosure
Listing Terms: Cash, Conventional
Ownership: Fee Simple
Special Listing Conditions: None
Tax Annual Amount: 5919.18
Tax Block: C
Tax Book Number: 28-24
Tax Lot: 8
Tax Year: 2021

Zoning Info

Listing information courtesy of Dalton Wade Inc.

Listing information ©My Florida Regional MLS DBA Stellar MLS 2022. All listing information is deemed reliable but not guaranteed and should be independently verified through personal inspection by appropriate professionals. Listings displayed on this website may be subject to prior sale or removal from sale. Availability of any listing should always be independently verified. Listing information is provided for consumer personal, non-commercial use, solely to identify potential properties for potential purchase. All other use is strictly prohibited and may violate relevant federal and state law. The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed. Data last updated on Saturday, December 3rd, 2022 at 01:24:23 PM.
#IDX-primaryPhoto,#idx-details-header Listed by: Dalton Wade Inc 888-668-8283

Contact - Listing ID U8156746

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Carla Lord

108 E Ft King
Ocala, FL 34471
Phone: 3523906009
Phone Alt: 3522666181
Fax: 3523908263

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