Price Reduced 2.16%
Price History
$695,000
8/10/2025
$680,000
9/19/2025
1959 RAINBOW DRIVE, Clearwater, FL, 33765
6 beds
1953
2,931 sqft
Under contract-accepting backup offers. Welcome to 1959 Rainbow Drive—a versatile multifamily treasure nestled in the Sky Crest neighborhood of Clearwater. Built in 1953 and spread across a generous 0.27-acre lot, this solid stucco structure spans a spacious 2,931 square feet of living space . Ideal for investors or owner-occupiers seeking income potential, this property features multiple rentable units (two efficiencies, two one-bedroom units, and one two-bedroom unit), each consistently leased and generating reliable rental income. Amenities include: Ample parking: Carports accommodate three full-sized vehicles plus one compact car On-site laundry facility Simplified utilities: A single water meter covers the entire property, While each unit has its own electric meter. Move-in-ready status: All units are functional with tenants in place. This is a fully operational rental business and is non-distressed. Situated in a convenient Clearwater locale, the property offers easy access to Clearwater Beach, Tampa Airport, Downtown Clearwater, and is well-positioned between thriving residential and commercial corridors.
Status:
Pending
Type:
Multi-family
Laundry Remarks:
Common Area
Units:
5
Subdivision:
SKY CREST UNIT 7
Heating:
Central, Other
Cooling:
Central Air, Mini-Split Unit(s)
Lot Size:
135 x 88
Acreage:
0.27
Est. Taxes:
$8,273
Construction
Block
Utilities
Cable Available, Electricity Connected, Phone Available, Sewer Connected, Water Connected
Days on Market:
87
MLS #:
TB8416109
Community Info
School Info
Walk Score
Yelp
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Listing courtesy of COASTAL PROPERTIES GROUP INTERNATIONAL 727-493-1555