1050-1062 SUNSET POINT ROAD,
10/09/2019: Four parcels of land that are contiguous , totalling 1.84 MOL Acres. consisting of 4 adjoining Properties located on the North side of Sunset Point Road. Owners had,submitted a site plan for 27 Apartment Units in 2016 to the City of Clearwater for approval, submission was rejected due to orientation of the town home units, submission can be changed for 27 Townhome Units, whatever a Purchaser/Developer desires. Their are 12 plus Existing Rental units that are on a month to month lease. For your information, the monthly rental income is $10,000.00 monthly MOL. Buyer can purchase this 1.84 Acres with 12 Rental Income properties, hold for a few years then develop for 27 Townhome or new Apartment Units, There are no Income and Expense Statements available for the rental units. Photos show the rental homes and triplex on the 1.84 Acres. All existing rental properties on the 1.84 Acres MOL is being sold "AS IS". Buyer Must due their own due diligence and inspection. Presently, there is no activity with the City for a present Development Plan. Buyer who is interested in developing Apartment Rentals, Condominiums or Townhomes, should schedule a meeting with the City of Clearwater to discuss any potential development plans. The complete submission package is available to serious buyer/developers. Sellers will entertain an offer.
Sunset Point A Rep