1295 Santa Rosa St - Apartments FOR SALE


Clearwater, FL 33756- Downtown Clearwater
$5,720,000 USD
727-317-6766
1295 Santa Rosa St, Clearwater, FL for Sale
$5,720,000 USD
Apartments - FOR SALE
1/13
null | 6.62% Cap Rate

1295 Santa Rosa St
Clearwater, FL 33756
Downtown Clearwater


HIGHLIGHTS

  • Renovated unit interiors
  • Concrete block construction and significant recent capital expenditures
  • Washer/dryer connections in 14 of 34 units
  • 3 miles to Clearwater Beach
  • 3 contiguous parcels
  • Adjacent to SR-60, offering convenient access to a majority of area employment and entertainment

OVERVIEW

The Midfield Clearwater Portfolio is a 34-unit, 3-property, garden-style multifamily community located in the heart of Clearwater, Florida. Adjacent to SR-60, offering convenient access to a majority of area employment and entertainment options. The properties are less than 3 miles to major demand drivers like world-renowned Clearwater Beach and Bay Care Morton Plant Hospital (687 beds). A new investor can benefit from significant recent capex and property improvements, such as doors, windows, water heaters, AC units, electric panels and more. Additionally, the properties boast 41% 2-3 bedroom units, and 41% in-unit washer/dryer connections. It is recommended that a new owner pass back the water, sewer, and trash expenses via submetering. Water-shutoff valves are accessible for all units with laundry connections.

FOR SALE DETAILS

PRICE

$5,720,000 USD

PRICE/SF

$273 USD /SF

# OF UNITS

34

PRICE/UNIT

$168,235

CAP RATE

6.62%

% LEASED

91%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Midfield Clearwater Portfolio

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1973

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.72 AC

LAND SF

31,363 SF

ZONING

-

APN/PARCEL ID

15-29-15-38574-015-0370,15-29-15-38574-015-0420,15-29-15-38574-015-0430

ASK ABOUT THIS PROPERTY

Sebastian HarrisColliersMore Info
727-317-6766

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Sebastian HarrisColliersMore Info
727-317-6766

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.