2566 Harn BLVD - Apartments FOR SALE


Clearwater, FL 33764- South Clearwater
$2,700,000 USD
813-221-2079
2566 Harn BLVD, Clearwater, FL for Sale
$2,700,000 USD
Apartments - FOR SALE
1/20
null | 6.56% Cap Rate

2566 Harn BLVD
Clearwater, FL 33764
South Clearwater


HIGHLIGHTS

  • Value-add opportunity.
  • Highly desirable unit mix.
  • Concrete block construction and not in a flood zone.
  • Ability to draft behind the strong demand of Class A new construction in the submarket.
  • Recent capital improvements include new roofs on both buildings.
  • Centrally located in Pinellas County just off of the US-19 corridor & Gulf to Bay Blvd.

OVERVIEW

Morningside East is a 20-unit fractured condo community within a 44-unit community, located within Clearwater, FL. The opportunity boasts an attractive unit mix featuring 50% two-bedroom units and offering a new investor a 45.45% ownership stake in the community. The property is steps away from Highway US-19 and 1-mile from Gulf to Bay (SR 60), offering convenient access throughout the Tampa Bay.

FOR SALE DETAILS

PRICE

$2,700,000 USD

PRICE/SF

$105 USD /SF

# OF UNITS

44

PRICE/UNIT

$61,364

CAP RATE

6.56%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Morningside East I & II

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1969

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.81 AC

LAND SF

35,284 SF

ZONING

-

APN/PARCEL ID

19-29-16-58977-000-0001,19-29-16-58979-000-0050

ASK ABOUT THIS PROPERTY

Luis BaezColliersMore Info
813-221-2079

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Luis BaezColliersMore Info
813-221-2079

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