Commercial Sale · Multi Family (5+)
300 S NIMBUS AVENUE, CLEARWATER, FL, 33765
Active14 days on marketListed Jul 11, 2026MLS #A4699732
About this property
The property at a glance
Fully-stabilized 10-unit apartment community in central Clearwater's Sky Crest submarket, offered at $2,000,000 ($200,000/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.
7,359
Building sq ft
$272
Price / sq ft
0.25
Lot acres
1964
Year built
10
Units
1
Building
Multi Family (5+)
Property type
The numbers
Investment snapshot
6.9%
Cap rate
$137,954
Net operating income
$193,052
Gross income (yr)
$200,000
Price / unit
10
Units
Estimated payment (illustrative)
Estimated payment
$10,968/mo
Illustrative only. Commercial loans are underwritten on the property’s income (DSCR, cap rate) — typically 25–35% down with lender-set terms. Ask a commercial lender for real numbers. Taxes reflect the most recent bill on record; insurance is a typical-Florida estimate. Your lender’s numbers will differ. CENTURY 21 Edge partners with Florida’s best lenders.
Financing
Commercial financing works differently from a home loan — expect roughly 25–35% down with terms driven by the property’s income and your lender’s underwriting (DSCR, cap rate), not FHA or VA programs. Ask Eric to connect you with a commercial lender for real numbers.
Where it sits
Location & trade area
What’s nearby
Business data © OpenStreetMap contributors
The area
Who's around this property
2,759
Population
$79,599
Median income
36
Median age
3
Avg household
$312,396
Median home value
$1,184/mo
Median rent
344
Households w/ kids
Consumer profile
A population characterized by healthy eating. Often pre-planning for meals for the purpose of fitness and convenience. Likely to participate in meal prep trends.
Meals are a social experience, and these foodies take it to the next level. This population can't wait to snap a pic of their plate and share it before chowing down.
Who says the body isn't a canvas? This population loves talking about tattoos, body art and piercings.
Expressing feelings of safety, comfort and happiness - especially with loved ones.
Asian culture has a lot to offer, but the Asian cuisine tends to be the most frequently referenced. This population is talking about Asian dishes, holidays, and drinks.
These folks are conscious about what they eat. They're looking for ingredients that not only taste great, but also have great nutritional benefits.
Recent sales
What actually sold near 300 S NIMBUS AVENUE
The most comparable commercial properties that changed hands nearby. No two are identical — ask us for a full comparative analysis.
$1,075,000
304 S CORONA AVENUE
5,182 sqft · $207/sqft · Sold Apr 17, 2026
$975,000
614 BEVERLY AVENUE
Sold Jul 23, 2026
$1,200,000
2350 SUNSET POINT ROAD UNIT A
6,880 sqft · $174/sqft · Sold Aug 28, 2025
Your team
The pros in your corner
Your agent
Eric Chery
Real Estate Agent · CENTURY 21 Edge
Tours, offers, and every question about 300 S NIMBUS AVENUE — start here.
Financing contact
Andrew Acosta
Acosta Home Loans with PRMG · NMLS #1468866
Ask about commercial financing options for 300 S NIMBUS AVENUE.
See it in person
Schedule a tour
Pick a day that works — this goes straight to Eric's phone and CRM.
Keep looking
Similar properties nearby
Listing courtesy of RIDER REAL ESTATE · William Gryboski. MLS #A4699732.
IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by Stellar MLS.
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