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300 Nimbus Avenue, FL
Stellar MLS

$2.00M

300 Nimbus Avenue

Clearwater, FL 33765

Listing updated: July 12, 2026 at 2:25 PM ET

Active
Stellar MLSListing courtesy of Rider Real Estate · William Gryboski · MLS #A4699732 · Active · 404-368-8072
7,359
Building SF
0.25
Acres
10
Units
1964
Built
$271.78
Per SF
Multi-Family 5+6.90% cap rate$271.78/SF360° tour
Multi-Family 5+

Property type

1964

Year built

7,359 SF

Building size

10,738 sqft

Lot size

$271.78

Price / SF

10

Units

1

Day on market

Investment & cash flow

6.90%
Cap rate
$138K
NOI / yr
$193K
Gross income (Actual)
$55K
Annual expenses
10.4
GRM
$271.78
Price / SF

Figures provided by the listing broker — verify independently.

Lease terms

Occupancy
Tenant

About this property

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.

Virtual tour

Facts & features

Property type
Commercial Sale
Sub type
Multi-Family 5+
Status
Active
Days on market
1
Subdivision
Sky Crest Unit 9
County
Pinellas
Year built
1964
Building area
7,359 sq ft
Price/sq ft
$271.78
Lot size
10,738 sq ft
Units
10
Buildings
1
Stories
2
Road frontage
City Street
Annual taxes
$22K (2025)
Parcel #
13-29-15-82530-002-0100
MLS #
A4699732

Utilities

Water source
Public
Sewer
Public Sewer

Listing details

Listing date
2026-07-11
On market date
2026-07-11
MLS area
33765 - Clearwater/Sunset Point
Status changed
2026-07-12
Tax legal description
SKY CREST UNIT NO. 9 BLK B, LOT 10

Location

Directions

From US-19, head west on Gulf-to-Bay Blvd (SR-60), turn north (right) onto S Nimbus Ave; the property is a short distance ahead on the left at 300 S Nimbus Ave.

MLS GRID

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 July 12, 2026 at 2:25 PM 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

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