CLEARWATER, FL 33755 111 N LADY MARY DRIVE

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Presented By: RIDER REAL ESTATE with 404-368-8072. - 404-368-8072
  • MLS# A4697854
  • 06/22/2026
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Disclaimer: The information contained in this listing has not been verified by Homepride Group at EXP Realty and should be verified by the buyer.
  • SQFT • 13,056

Home Details

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/1BA 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.
Presented By: RIDER REAL ESTATE with 404-368-8072. - 404-368-8072

Interior Features for 111 N LADY MARY DRIVE

Bathrooms

Total Baths

Other Interior Features

LivingAreaSourcePublic Records
Air Conditioning Y/NYes
Heating Y/NYes
Total Stories2

General for 111 N LADY MARY DRIVE

Additional Parcels Y/NNo
AppliancesRefrigerator
Building Area UnitsSquare Feet
CityCLEARWATER
Construction MaterialsBlock
CoolingCentral Air
CountyPinellas
DirectionsFrom 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.
ElectricSeparate Meters
Facing DirectionUndetermined
Flood Zone CodeAE
Gross Income306960
HeatingCentral Individual, Electric
Legal DescriptionBROOKWOOD TERRACE REVISED BLK 1, LOTS 5, 6 AND N 1/2 OF LOT 7
LevelsTwo
Listing TermsCash
Living Area UnitsSquare Feet
Lot Size Square Feet23235
Lot Size UnitsSquare Feet
MLS Area33755 - Clearwater
New ConstructionNo
Number Of Units Total18
Occupancy TypeTenant
OwnershipFee Simple
PossessionClose Of Escrow
Property ConditionCompleted
Property SubtypeMulti Family (5+)
Property TypeCommercial Sale
RoofMembrane
SewerPublic Sewer
Standard StatusActive
StatusActive
Subdivision NameBROOKWOOD TERRACE REV
Tax Annual Amount27093.08
Tax Lot7
Tax Year2025
UtilitiesElectricity Available, Public, Water Connected
Virtual TourClick here
Water Access Y/NNo
Water View Y/NNo
Year Built1973

Exterior for 111 N LADY MARY DRIVE

Building Area Total15448
Foundation DetailsSlab
Lot Dimensions125 x 183
Lot Size Acres0.53
Lot Size Area23235
Number of Buildings1
Road Frontage TypeCity Street
Road ResponsibilityPublic Maintained Road
Road Surface TypePaved
Water SourcePublic
Waterfront Y/NNo

Additional Details

Price History

Schools

High School Hubert H Humphrey Middle School
Middle School N/A
Elementary School Big Hollow Elementary School

Steven Pugh

Broker Associate | Team Leader
Price $3,400,000
MLS#A4697854
List Date 06/22/2026
Property Type Commercial
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Request Info
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