503 & 530 Fairwood Ave - Apartments FOR SALE
Clearwater, FL 33759 |
503 & 530 Fairwood Ave
Clearwater, FL 33759
HIGHLIGHTS
- Well-Renovated Turnkey 372-Unit Community Situated in an In-Fill Location of Clearwater, FL; Located Nearby Major Drivers
- Value-Add Opportunity to Further Upgrade Well-Appointed & Large Units to Achieve a $400 Premium; Over $11.8 Million ($31,000/unit) in Recent CapEx
- Incredible Property Momentum and Organic Rent Growth in 2021; Tampa Bay is Seeing Unprecedented Rent Growth
- Attractive Unit Renovations on Almost All Units; Diverse and Appealing Floor Plans
- Additional Ancillary Income Potential; Attractive Amentiy Package with Ability to Enhance
FOR SALE DETAILS
PRICE
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# OF UNITS
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CAP RATE
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% LEASED
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BUILDING DETAILS
PROPERTY NAME
Genesis Clearwater
PROPERTY TYPE
Multi-Family
APARTMENT STYLE
Garden
PROPERTY SUBTYPE
Apartments
TOTAL BUILDING SIZE
342588
STORIES
2
YEAR BUILT
1974
PARKING SPACES
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LAND DETAILS
LAND ACRES
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LAND SF
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ZONING
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APN/PARCEL ID
08-29-16-00000-340-0100,08-29-16-00000-340-0200
