111 N LADY MARY DRIVE
“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.111 N LADY MARY DRIVE
Details
A4697854
N/A
$3400000
$3400000
N/A
23235 SQFT
13056 SQFT
1973
N/A
Commercial Sale
N/A
Active
Similar Homes
Listed by G&R REAL ESTATE BROKERAGE, LLC
Listing Contact: 404-368-8072
The data relating to real estate for sale on this website comes in part from the Internet Data Exchange Program of Stellar MLS. Information provided is for consumer's personal, non-commercial use and may not be used for any other purpose other than to identify prospective properties consumers may be interested in purchasing. Listing information is deemed reliable but not guaranteed. All information should be independently verified.
©2026 Stellar MLS. All rights reserved.
Data last updated 6/24/2026, 4:07 PM UTC
