111 N LADY MARY DR, Clearwater, FL 33755
ActiveAbout 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 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.
Property Details
Listed by G&R REAL ESTATE BROKERAGE, LLC · MLS# A4697854
Similar Homes in 33755
Recently Sold in 33755
Properties displayed may be listed or sold by various participants in the MLS
More in Clearwater
Listing information © 2026 My Florida Regional MLS DBA Stellar MLS. All Rights Reserved. Data deemed reliable but not guaranteed. Last updated: 2026-06-24.
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.
Monthly Payment
Estimate your all-in monthly cost.
Estimate only. Taxes, insurance, and HOA may vary.
Get notified of similar listings
Be the first to know when a similar home hits the market.
Sign up free to get alertsAlready a member? Log in