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111 N LADY MARY DRIVE

Commercial Recently Sold
$3,100,000

BTC: 38.10226155

ETH: 1,274.67105263

Sold on: 2026-08-28
37 days
0 room(s)
13,056 sqft

Overview

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/1BA 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.

Location

Florida • CLEARWATER • 33755 • Commercial • Recently Sold

Details

Type:
Commercial Sale
Parking:
No Data
Year Built:
1973
Lot:
0.53 Acres
Heating:
Central Individual / Electric
Price/sqft:
$260
Cooling:
Central Air
HOA:
No Data

Highlights

Annual tax
$27,093
2025
All facts and features

  • Heating

    • Central Individual

    • Electric

    Cooling

    • Central Air

    Appliances

    • Refrigerator

  • Property

    • Levels: Two

    Lot

    • Lot: 0.53 Acres

    Other Property Information

    • Parcel Number: 152915122760010050

  • Type and style

    • Property Type: Commercial Sale

    • Property Sub Type: Multi Family (5+)

  • Utility

    • Electricity Available

    • Public

    • Water Connected

  • Other financial information

    • Annual tax amount: $27,093

  • Source details

    • MLS ID: A4697854

    Other facts

    • Construction Materials: Block

    • Foundation Details: Slab

    • Direction Faces: Undetermined

    • Living Area: 13056

    • Water Source: Public

    • Lot Size Dimensions: 125 x 183

    • Subdivision Name: BROOKWOOD TERRACE REV

Private inquiry
Talk to the advisor on this listing.
Floor plans, HOA docs, off-market comparables, scheduling a private showing — one message, direct to the local specialist.

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Market around this address

Live counts in the same area.
View all
This zip
33755
176
median $399K
Active
Same city
CLEARWATER
1,466
median $375K
Active
Same type
Commercial
54
median $1.3M
Active
Similar price
$2.4M – $4.4M
46
median $3.0M
Active

The multiple listing information is provided by the Stellar MLS from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2026-present Stellar MLS. All Rights Reserved. The information provided is for consumers' personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified. Listing courtesy of: G&R REAL ESTATE BROKERAGE, LLC