2779 Cypress Dr - Multi-Family FOR SALE


Clearwater, FL 33763
$1,625,000 USD
727-441-1951
2779 Cypress Dr, Clearwater, FL for Sale
$1,625,000 USD
Multi-Family - FOR SALE
1/6
null | Request Cap Rate

2779 Cypress Dr
Clearwater, FL 33763


HIGHLIGHTS

  • Consists of 1 Triplex and 2 Duplexes, CLOSE TO COUNTRYSIDE MALL!
  • Seven 2-Bedroom units, 6 Units have One Car garages, All units have washer/dryer hookups
  • Separate water meters for each unit
  • Block buildings - Built in 1999 & 2000
  • New roofs on all buildings in December 2023
  • Sale Price: $1,625,000

OVERVIEW

2779 and 2780 Cypress Drive is a well maintained 7 unit complex. The Complex consists of two adjacent properties. 2779 Cypress Dr. has 2 duplexes for a total of 7 apartments. 2780 Cypress Dr. has a triplex building. 2779 Cypress Drive consists of two duplexes with a total of 4 units. Each unit has 2 bedrooms with 1 bathroom. These apartments have generally been renovated. All of the units have washer/dryer hookups. All apartments have one car garages with openers. All of the apartment units have their own water meters so the tenants pay their own water & sewer directly to the utility company. 2780 Cypress Drive is a triplex. Each of the three apartment units are 2 bedrooms with 1 bathroom. The units generally have remodeled bathrooms and updated kitchens. The kitchens have stainless steel refrigerators, dishwashers, stoves/ovens, and microwaves. Two apartment units have a one car garage with automatic opener. The units also have washer/dryer hookups. The roofs are new, installed in 2023. Each apartment unit has its own water meter so the tenants pay their own water and sewer charges directly to the utility company. As a bonus the properties would qualify for attractive residential financing terms.

FOR SALE DETAILS

PRICE

$1,625,000 USD

PRICE/SF

$224 USD /SF

# OF UNITS

7

PRICE/UNIT

$232,143

CAP RATE

Request Cap Rate

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2000

PARKING SPACES

6

LAND DETAILS

LAND ACRES

0.94 AC

LAND SF

40,946 SF

ZONING

R-4 Pinellas county

APN/PARCEL ID

30-28-16-07272-000-0930,30-28-16-07272-000-1400

ASK ABOUT THIS PROPERTY

Joseph SantolucitoKlein & Heuchan, Inc.More Info
727-441-1951

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Joseph SantolucitoKlein & Heuchan, Inc.More Info
727-441-1951

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