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Apartments For Sale • 6,025 SF
| Significant value-add potential priced at just $39K/ per unit, offering strong upside through renovations and repositioning. |
| Attractive projected returns: Year 1–2 CAP Rate of 10.31%–12.09% and Cash-on-Cash Return of 13.86%–19.71%, inclusive of CapEx budget. |
| In a prime location situated in a Non-Flood Zone (Zone X), just 10 minutes from Clearwater Beach. |
| There is expansion and amenity potential as the ample land area provides opportunity to add community amenities. |
| Vintage construction comprised of six buildings built between 1940 and 1954, totaling 19 units (10 non-conforming) on nearly 1 acre. |
| There is utility upgrade opportunity as the property currently utilizes well water, but three City water line hookups were previously installed. |
| Airport | Drive | Walk | Distance |
|---|---|---|---|
| St Pete-Clearwater International | 26 min | - | 11.3 mi |
| Tampa International | 34 min | - | 19.3 mi |
