Welcome to 1959 Rainbow Drivea 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.