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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.
| DAYS ON MARKET | 32 | LAST UPDATED | 6/22/2026 |
|---|---|---|---|
| TRACT | BROOKWOOD TERRACE REV | YEAR BUILT | 1973 |
| COMMUNITY | 33755 - Clearwater | COUNTY | Pinellas |
| STATUS | Active | PROPERTY TYPE(S) | Commercial |
| ADDITIONAL DETAILS | |
| AIR | Central Air |
|---|---|
| AIR CONDITIONING | Yes |
| APPLIANCES | Refrigerator |
| AREA | 33755 - Clearwater |
| CONSTRUCTION | Block |
| HEAT | Central, Electric |
| LOT | 0.53 acre(s) |
| LOT DIMENSIONS | 125x183 |
| SEWER | Public Sewer |
| STORIES | 2 |
| SUBDIVISION | BROOKWOOD TERRACE REV |
| TAXES | 27093.08 |
| UTILITIES | Electricity Available, Water Connected |
| WATER | Public |
MORTGAGE CALCULATOR
TOTAL MONTHLY PAYMENT
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Listing provided by William Gryboski, G&R REAL ESTATE BROKERAGE, LLC, 404-368-8072
The information contained herein has been provided by My Florida Regional MLS DBA Stellar MLS. IDX information is provided exclusively for consumers' personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the MLS. Listings last updated 7/24/26 1:12 AM PDT.
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