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111 N Lady Mary Drive, Clearwater
$3,100,000
Brookwood Terrace Rev SubDv. ⋅ 33755 Zip Code
Kings Court Apartments - an 18-unit value-add multifamily asset in central Clearwater, minutes from downtown and the Gulf beaches and directly across from Clearwater Country Club. The mix is seven 1BD/1BA and eleven 2BD/1BA in a two-story CBS garden-style building. Major capital is already in place: a 40-year TPO roof installed within the last ~3 years, newer HVAC across most units, copper wiring, and a resurfaced lot - the next owner's capital goes into interiors, not systems. In-place rents (avg ~$1,366) sit well below a renovated pro forma (~$1,694), with staggered 2026-27 lease expirations offering a turn-by-turn mark-to-market path supported by a comp set averaging ~$1,676. Trailing NOI ~$220K; pro forma ~$242K. Laundry and RUBS utility reimbursement add income. Tours by appointment through Rider RE only - please do not disturb tenants.

111 N Lady Mary Drive, Clearwater
31 N Fredrica Avenue, Clearwater
$348,000
3 Beds ⋅ 2 Baths ⋅ Brookwood Terrace Rev SubDv. ⋅ 33755 Zip Code
Location, Location, Location! Welcome to this beautifully remodeled 3-bedroom, 2-bathroom home, where modern elegance meets classic charm. Step inside to discover an inviting open layout that seamlessly blends functionality with style. The spacious living room boasts an abundance of natural light, making it perfect for relaxing or entertaining guests. The kitchen comes complete with sleek quartz countertops, stainless steel appliances, a subway tile backsplash, and ample cabinet space. Retreat to the master bedroom with its own ensuite bathroom, complete with a luxurious shower and designer finishes. Two additional bedrooms with versatility as guest rooms, home offices, or personal retreats. Outside, the backyard provides ample space for you or your pets. The yard is also ideal for outdoor gatherings or simply unwinding after a long day. Additionally, the house comes complete with a new roof and water heater. The HVAC system was replaced in 2020. Located just minutes from Clearwater Country Club, Clearwater Beach, parks, and shopping, this home combines comfort with convenience. Don't miss the opportunity to make this meticulously renovated property your new home sweet home.

31 N Fredrica Avenue, Clearwater
105 N Lady Mary Drive, Clearwater
$580,000
3 Beds ⋅ 3 Baths ⋅ Brookwood Terrace Rev SubDv. ⋅ 33755 Zip Code
REDEVELOPMENT OPPORTUNITY !! Over 1/2 Acre in the City of Clearwater !! CLEAN, WELL MAINTAINED DUPLEX is on level ground, and is currently earning almost $40k in income !! Separate water and electric meters !! Plenty of room for additional outdoor boat and trailer storage, including an outdoor storage building that is 416 Square Feet !! Zoning will allow up to 18 units !! (Code for the Downtown Gateway District is 35 units per acre, up to 45 feet high). If you duplicate what is directly next door, which sold 9/22 for $3,060,000, you could earn market rates as an apartment building which would be $338,400 gross annually !! Close to Downtown Clearwater, and the newly redeveloped Cleveland Street Corridor !! And only 8 minutes to World Famous Clearwater Beach !! Both units are occupied with quality tenants. Please do not disturb. Ask about OWNER FINANCING !!

105 N Lady Mary Drive, Clearwater
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