SoldCommercial SaleSold
111 N Lady Mary Drive
Clearwater, FL 33755
$3,100,000
- 13,056Sq Ft
- $237Per Sq Ft
- 0.53Acres
- 1973Built
- Subdivision
- Brookwood Terrace Rev
- County
- Pinellas
- MLS®
- A4697854
Overview
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.
Listing Snapshot
- Price
- $3,100,000
- Days On Site
- N/A
- Bedrooms
- N/A
- Inside Area (SqFt)
- 13,056 sqft
- Total Baths
- N/A
- Full Baths
- N/A
- Partial Baths
- 0
- Lot Size
- 0.53 Acres
- Year Built
- 1973
- MLS® Number
- A4697854
- Status
- Sold
- Property Tax
- $27,093.08 (2025)
- HOA/Condo/Coop Fees
- N/A
- Sq Ft Source
- Public Records
Property Details
General Features
8 items
- Acres
- 0.53
- Foundation
- Slab
- Levels
- Two
- Number Of Stories
- 2
- Sewer
- Public Sewer
- SqFt Total
- 15,448
- Utilities
- Electricity Available, Water Connected
- Water Source
- Public
Interior Features
3 items
- Appliances
- Refrigerator
- Cooling
- Central Air
- Heating
- Central, Electric
Exterior Features
4 items
- Construction Details
- Block
- Frontage
- 125
- Road Frontage
- City Street
- Roof
- Membrane
Community Features
4 items
- MLS Area
- 33755 - Clearwater
- Township
- 29
- Financing Terms Available
- Cash
- Roads
- Paved
Location
111 N Lady Mary Drive, Clearwater, FL 33755 · 33755 - Clearwater
Neighborhood & Commute
ZIP Code 33755
- Median household income
- $52,588
- Income per person
- $29,493
- Households
- 10,848
- Average household size
- 2.41
- Median age
- 40.0
Source: Walk Score.
Disclosure: Community information and market data powered by Constellation Data Labs. Information is deemed reliable but not guaranteed.
Price & Status History
- Listing updated with changes from the MLS®
- Status changed to Closed
Friends & Family
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