$600,000
$680,000
11.8%For more information regarding the value of a property, please contact us for a free consultation.
6 Beds
5 Baths
2,931 SqFt
SOLD DATE : 12/11/2025
Key Details
Sold Price $600,000
Property Type Multi-Family
Sub Type Multi Family
Listing Status Sold
Purchase Type For Sale
Square Footage 2,931 sqft
Price per Sqft $204
Subdivision Sky Crest Unit 7
MLS Listing ID TB8416109
Sold Date 12/11/25
Bedrooms 6
HOA Y/N No
Year Built 1953
Annual Tax Amount $8,273
Lot Size 0.270 Acres
Acres 0.27
Lot Dimensions 135x88
Property Sub-Type Multi Family
Source Stellar MLS
Property Description
Welcome to 1959 Rainbow Drive—a versatile multifamily treasure nestled in the Sky Crest neighborhood of Clearwater. Built in 1953 and spread across a generous 0.27-acre lot, this solid stucco structure spans a spacious 2,931 square feet of living space .
Ideal for investors or owner-occupiers seeking income potential, this property features multiple rentable units (two efficiencies, two one-bedroom units, and one two-bedroom unit), each consistently leased and generating reliable rental income.
Amenities include:
Ample parking: Carports accommodate three full-sized vehicles plus one compact car
On-site laundry facility
Simplified utilities: A single water meter covers the entire property, While each unit has its own electric meter.
Move-in-ready status: All units are functional with tenants in place. This is a fully operational rental business and is non-distressed.
Situated in a convenient Clearwater locale, the property offers easy access to Clearwater Beach, Tampa Airport, Downtown Clearwater, and is well-positioned between thriving residential and commercial corridors.
Location
State FL
County Pinellas
Community Sky Crest Unit 7
Area 33765 - Clearwater/Sunset Point
Interior
Interior Features Ninguno
Heating Central, Other
Cooling Central Air, Mini-Split Unit(s)
Fireplace false
Laundry Common Area
Exterior
Exterior Feature Outbuildings
Utilities Available Cable Available, Electricity Connected, Phone Available, Sewer Connected, Water Connected
Roof Type Shingle
Garage false
Private Pool No
Building
Foundation Slab
Lot Size Range 1/4 to less than 1/2
Sewer Public Sewer
Water Public
Structure Type Block
New Construction false
Others
Senior Community No
Ownership Fee Simple
Acceptable Financing Cash, Conventional, Other
Listing Terms Cash, Conventional, Other
Special Listing Condition None
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© 2025 My Florida Regional MLS DBA Stellar MLS. All Rights Reserved.
Bought with Ben Magnie STONEBRIDGE REAL ESTATE CO
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