Midfield Clearwater Portfolio Multi-Family FOR SALE


Clearwater, FL - Downtown Clearwater
$6,764,000 USD
727-317-6766
, Clearwater, FL for Sale
$6,764,000 USD
Multi-Family - FOR SALE
1/49
null | 6.58% Cap Rate

Midfield Clearwater Portfolio
Clearwater, FL
Downtown Clearwater


HIGHLIGHTS

  • Turn-key asset
  • Value-add opportunity
  • Highly desirable unit mix
  • Concrete block construction and much recent CapEx
  • Washer/dryer connection in 18 of 38 units
  • 3 contiguous parcels with the 4th property only 400ft away

OVERVIEW

The Midfield Clearwater Portfolio is a 38-unit, 4-property, garden-style multifamily community located in the heart of Clearwater, Florida. Adjacent to SR-60, offering convenient access to a majority of area employment and entertainment options. The properties are less than 3 miles to major demand drivers like world-renowned Clearwater Beach and Bay Care Morton Plant Hospital (687 beds). A new investor can benefit from significant recent capex and property improvements, such as doors, windows, water heaters, AC units, electric panels and more. Additionally, the properties boast 47% 2-3 bedroom units, and 47% in-unit washer/dryer connections. It is recommended that a new owner pass back the water, sewer, and trash expenses via submetering. Water-shutoff valves are accessible for all units with laundry connections.

ASK ABOUT THIS PROPERTY

Sebastian HarrisColliersMore Info
727-317-6766

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Sebastian HarrisColliersMore Info
727-317-6766

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