2035 Alpine Rd - Apartments FOR SALE
Clearwater, FL 33755 |
2035 Alpine Rd
Clearwater, FL 33755
HIGHLIGHTS
- 16-UNIT APARTMENT COMPLEX IN CLEARWATER, FL! MINUTES FROM WORLD FAMOUS CLEARWATER BEACH!
- 16 (2-BEDROOM) UNITS WITH SEVERELY BELOW MARKET RENTAL RATES IN PLACE! CURRENT RENTAL RATES ARE APPROX.$200-$300 PER MONTH, BELOW THE MARKET AVERAGE
- 7.3% CAP RATE IN 2025! 8.2% CAP RATE IN 2026 10% CASH-ON-CASH RETURN IN 2026!
- 9% CAP RATE IN 2027! 11% CASH-ON-CASH RETURN IN 2027!
- MASSIVE UPSIDE POTENTIAL FOR A BUYER TO COME IN AND INSTANTLY RAISE THESE RENTAL RATES TO INCREASE THEIR NOI ON DAY 1!
- THE OWNERS HAVE SPENT OVER $300,000 ON INTERIOR AND EXTERIOR PROPERTY IMPROVEMENTS, OVER THE PAST 3 YEARS!
FOR SALE DETAILS
PRICE
-
# OF UNITS
-
CAP RATE
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% LEASED
-
BUILDING DETAILS
PROPERTY NAME
The Alpine Apartments In Clearwater, FL!
PROPERTY TYPE
Multi-Family
APARTMENT STYLE
Low-Rise
PROPERTY SUBTYPE
Apartments
TOTAL BUILDING SIZE
13830
STORIES
2
YEAR BUILT
1970
PARKING SPACES
41
LAND DETAILS
LAND ACRES
-
LAND SF
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ZONING
-
APN/PARCEL ID
02-29-15-88200-000-1140
