$3.40M
111 Lady Mary Drive
Clearwater, FL 33755
Listing updated: June 23, 2026 at 6:02 AM ET
Listing courtesy of G&R Real Estate Brokerage, Llc · William Gryboski · MLS #A4697854 · Active · 404-368-8072Property type
Year built
Building size
Lot size
Price / SF
Units
Day on market
Investment & cash flow
Income includes: Laundry
Figures provided by the listing broker — verify independently.
Lease terms
- Occupancy
- Tenant
About this property
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/2BA in a two-story CBS walk-up. 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 ~$1,588. Trailing NOI ~$221K; pro forma ~$242K. Laundry and RUBS utility reimbursement add income. Tours by appointment through Rider RE only - please do not disturb tenants.
Virtual tour
Facts & features
- Property type
- Commercial Sale
- Sub type
- Multi-Family 5+
- Status
- Active
- Days on market
- 1
- Subdivision
- Brookwood Terrace Rev
- County
- Pinellas
- Year built
- 1973
- Building area
- 15,448 sq ft
- Price/sq ft
- $220.09
- Lot size
- 23,235 sq ft
- Units
- 18
- Buildings
- 1
- Stories
- 2
- Road frontage
- City Street
- Annual taxes
- $27K (2025)
- Parcel #
- 15-29-15-12276-001-0050
- MLS #
- A4697854
Utilities
- Utilities
- Electricity Available, Public, Water Connected
- Water source
- Public
- Sewer
- Public Sewer
Listing details
- Listing date
- 2026-06-22
- On market date
- 2026-06-22
- MLS area
- 33755 - Clearwater
- Status changed
- 2026-06-23
- Tax legal description
- BROOKWOOD TERRACE REVISED BLK 1, LOTS 5,6 AND N 1/2 OF LOT 7
Location
Directions
From Sunset Point Rd, turn south onto N Lady Mary Dr; 111 N Lady Mary Dr is on the property directly across from Clearwater Country Club.
Listings courtesy of Stellar MLS as distributed by MLS GRID
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.
Based on information submitted to the MLS GRID as of June 23, 2026 at 6:02 AM ET. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
Ryan Solberg, Licensed Real Estate Broker · MaxLife Realty, LLC · FL Lic. #BK3354351 · Equal Housing Opportunity · Terms · DMCA