The Monarch is a well-maintained 68-unit concrete block apartment community offering durable construction and modern convenience in a highly desirable Clearwater location. Originally built in the early 1970s and 1980s as an assisted living facility, the property benefits from unique design advantages including elevator service and climate-controlled interior corridors. Over $500,000 in recent capital improvements have been completed, featuring a new roof, extensive HVAC replacements, upgraded common areas, a new elevator installation, and select interior renovations. The community is well amenitized with a fitness center, clubhouse, game room, laundry facility, full commercial kitchen, and on-site leasing office. With 15 units currently operating under an affordable restriction at 120% of AMI. Ideally positioned in a well-established Clearwater neighborhood with exceptional access to retail, employment, and lifestyle amenities. Major national retailers — including Publix, Walmart, Costco, The Home Depot, and Target — are all within minutes, alongside convenient connectivity to US-19, Gulf-to-Bay Boulevard, and Tampa International Airport. Just 10 minutes from world-renowned Clearwater Beach and close to waterfront parks, Belleair Country Club, the Pinellas Trail, and the revitalizing Downtown Clearwater waterfront. The Monarch offers a compelling value-add opportunity in one of Tampa Bay’s most desirable coastal communities.