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1466 DE LEON ST
CLEARWATER, FL 33755-5302
Asking Price
$2.95M
Asset Type
Multifamily
Class
Class B
What's Special
13 Unit Rental <p>A 13-unit short-term rental asset (9 single - 2 Double) on a hotel-zoned parcel in Downtown Clearwater's East Gateway Character District — one of Pinellas County's most active CRA submarkets.</p><p></p><p>The property's zoning permits nightly rentals in a market where the vast majority of residential parcels prohibit sub-31-day stays, creating a</p><p>defensible income stream with limited new supply.</p><p></p><p>Three buildings, 100 ft of frontage, and adjacency to SR-60 / Gulf to Bay Blvd(~
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NOI
$80,000
Cap Rate
2.71%
DSCR
0.46
Underwater
Cash-on-Cash
-10.75%
Monthly Payment
$14,594.99
Annual Cash Flow
$-95,139.885
