$1,900,000

300 S NIMBUS AVE, CLEARWATER FL, 33765

Price per sqft$258.19

Built in1964

Property size7,359 sqft

Property typeCommercial

Courtesy of RIDER REAL ESTATE, William Gryboski Listing Contact: 404-368-8072

Overview

Active

Listed Jul 11, 2026

Updated Aug 6

Fully-stabilized 10-unit apartment community in central Clearwater's Sky Crest submarket, offered at $1,900,000 ($190,000/unit). This 1964 concrete-block, two-story walk-up offers nine renovated units, updated kitchens with stainless appliances, quartz counters, tile backsplash, vinyl-plank flooring and in-unit washer/dryer, plus one larger 2BR/2BA in original condition for renovate-to-premium upside. Unit mix: three 1BR/1BA, six 2BR/1BA, one 2BR/2BA. In-place rents sit below market across every type, giving a new owner low-risk mark-to-market upside as leases turn; five units are currently month-to-month. Central HVAC and on-site carport parking. Minutes to Gulf-to-Bay Blvd, US-19, downtown Clearwater and the Gulf beaches. Offering memorandum and financials available on request. Showings by appointment through listing office, please do not disturb tenants.

Additional information

MLS^® ID: A4699732

Interior Features

Bathrooms: 0
Cooling: Yes
Heating: Yes
Basement: No

Exterior Features

Lot Size: 0.25 Acres

Other Property Details

Taxes: $21,771
Tax Frequency: Annually
Association Fee Frequency: Monthly

Listings courtesy of Stellar MLS as distributed by MLS GRID

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Based on information submitted to the MLS GRID as of 8:02 PM UTC on 10/7/2026. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

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