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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

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