1705 Apache Trl - Apartments FOR SALE


Clearwater, FL 33755- North Clearwater
$2,130,000 USD
813-335-1976
1705 Apache Trl, Clearwater, FL for Sale
$2,130,000 USD
Apartments - FOR SALE
1/18
null | Request Cap Rate

1705 Apache Trl
Clearwater, FL 33755
North Clearwater


HIGHLIGHTS

  • 18-Unit Multifamily Property Ideally Located Near Downtown Clearwater, FL
  • Unit Mix Includes Studios, One-Bedroom, and Two-Bedroom Apartments
  • Value-Add Opportunity with Approximately $14,900+ in Annual Rental Upside Through Rent Increases to Market Levels
  • Property Amenities Include On-Site Parking and a Shared Back Patio for Residents
  • Proximate to Major Employment Centers Including Morton Plant Hospital (2.7 Mi), Clearwater Marine Aquarium (3.7 Mi) & Gateway Business District(15 Mi)
  • Convenient Access to US-19 and Interstate 275

OVERVIEW

Apache Trail Apartments is an 18-unit multifamily community ideally positioned just minutes from Downtown Clearwater, offering investors a well-located asset with a diverse unit mix of studios, one bedroom, and two-bedroom apartments. Current ownership has completed over $249,000 in recent exterior capital improvements, including fresh exterior paint, enhanced landscaping, and upgraded concrete pads and walkways, providing strong curb appeal and limited near-term capital requirements. The property also offers on-site parking and a shared back patio for residents. The property presents a compelling value add opportunity with approximately $14,900+ in annual rental upside through rent increases to market levels, along with the opportunity to execute on light interior enhancements such as white shaker cabinets, granite countertops, new fixtures, and the addition of an on-site laundry facility. Apache Trail Apartments is located just five minutes from Downtown Clearwater’s walkable waterfront lifestyle anchored by Coachman Park, three minutes from the Pinellas Trail, and 11 minutes from Clearwater Beach. The property is also proximate to major employment centers including Morton Plant Hospital, Clearwater Marine Aquarium, and the Gateway Business District, supporting continued rental demand.

FOR SALE DETAILS

PRICE

$2,130,000 USD

PRICE/SF

$250 USD /SF

# OF UNITS

18

PRICE/UNIT

$118,333

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Apache Trail Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1918

PARKING SPACES

17

LAND DETAILS

LAND ACRES

0.98 AC

LAND SF

42,689 SF

ZONING

-

APN/PARCEL ID

03-29-15-59598-010-0230

ASK ABOUT THIS PROPERTY

Eve LowryFranklin StreetMore Info
813-335-1976

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Eve LowryFranklin StreetMore Info
813-335-1976

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