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$3,400,000

For Sale

2 days ago

111 N Lady Mary Dr, Clearwater, FL

House

MLS® A4697854

0 Bed

0 Bath

13056 sqft

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  • Key Facts
  • Description
  • Map

Key Facts

Type Multi Family
Levels Commercial Sale
Size 13056 sqft
Garage 
Taxes $27,093
Days Active 1
Lot Size 0.53 Acres
Approx. Age 1973
Avg. Price Per Sqft $260
MLS® Number A4697854

Property Address: 111 N Lady Mary Dr, CLEARWATER, FL, 33755-5158

Average square foot calculated using Size range provided by listing agent.

Description

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/2BA 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.
MLS® NumberA4697854
Laundry Level
Central VacNo
FireplaceNo
Acreage
Exterior
Garage
Approx. Age1973
Basement
Driveway
Garage Spaces
HeatCentral, Electric
A/CCentral Air

Extras

Price History

-End Date
Not Sold YetSold Price

For Sale

Jun 23, 2026List Date
$3,400,000List Price
  • Commute

Commute

Starting Address
Destination Address
111 N Lady Mary Dr, Clearwater, FL

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