Charming 5 Unit Multifamily Investment Enclave

610 Oak Ave Clearwater, FL 33756

610 Oak Ave, Clearwater, FL, 33756
610 Oak Ave, Clearwater, FL, 33756
Property Type:
MultiFamily Apartments
Last Verified:
May 24, 2019


  • Tremendous Upside Potential
  • Great Location
  • Between Pinellas County Court & Morton Plant Hospital
  • Situated a Short Walk from the Intercoastal/ Clearwater Bay!


Faulkner Commercial Group is pleased to offer this value add investment opportunity. There are five rentable apartments in three buildings, set with a charming courtyard in between. Parking is available for 4 vehicles, with overflow parking available on the street.

The Seller has owned this property for many years and has rented on a month to month basis with no leases in place. There is a significant opportunity for a buyer investor to invest and improve/ update all units, and effectively double + the current monthly rents.

This is definitely a diamond in the rough investment opportunity!

Situated between the Pinellas County Courthouse and Morton Plant Hospital

Year Built: 1938
Building Size: 3083.0sq ft
Building Class: C
Lot Size: 0.28 acres

Map of 610 Oak Ave, Clearwater, FL, 33756

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What are Real Estate Incentives?

Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."

Why are Real Estate Incentives Important and to Whom?

"Incentives" are vital today and in the future because:

  • U.S. Public: Many incentives focus on job creation and Affordable Housing
  • Investors and Commercial Developers use incentives to reduce financial risk, obtain gap financing, etc. Investors and developers look for property listings with incentives available.
  • Commercial Real Estate Brokers, in mass, unfortunately do not know about incentives tied to their listings
  • Entire Supply Chain of Real Estate Development such as small and large companies who will provide goods and services to new and revitalized properties.