1811 Rainbow DriveClearwater, FL 33765Sale Price: $750,000

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.