1482 Franklin St., Clearwater, FL 33755

Kimberly Manor is a 14 unit multifamily community located in East Gateway District of Clearwater, FL. The East Gateway District has all the offerings of a traditional neighborhood development, live, work, play and educate, and is uniquely located on the urban edge of the world-class destination beaches of Clearwater. The property was constructed in 1972 and consists of one, two story building. The building is comprised of 10 one-bedroom, one bathroom units with approximately 600 square feet per unit and four two-bedroom, two-bathroom units with approximately 1,000 square feet per unit. All units have central air conditioning. The lot has 17,000 square feet with 150 feet of frontage in the heart of Pinellas County. Amenities include two on-site laundry facilities, one on each floor, and ample on-site parking. This is an excellent opportunity to acquire a very well maintained asset. Due to its hands on management the property has operated above the average occupancy rate and is fully rented. The new owner will benefit from immediate income and could ultimately increase the below market rents.