Clearwater, Florida, is a prime location for investing in Multi-Family Properties, offering a unique blend of amenities, infrastructure, and location. With a population of around 120,000, Clearwater provides a sizable market for rental properties, and its proximity to Tampa and St. Petersburg makes it an attractive option for those seeking a more laid-back atmosphere without sacrificing access to urban amenities. Multi-Family Properties in Clearwater can represent a range of investments, from apartments and condominiums to townhouses and duplexes, each offering a unique set of benefits and opportunities. The city's strong economy, supported by major employers like Morton Plant Hospital, Tech Data, and Honeywell, ensures a steady demand for rental properties. Additionally, Clearwater's beautiful beaches, attractions like BayCare Ballpark and Coachman Park, and a humid subtropical climate make it an attractive place to live and visit, further increasing the appeal of Multi-Family Properties as a sound investment opportunity.
With 1 Multi-Family Properties for sale in Clearwater, investors have a wide range of options to choose from. The city's downtown redevelopment, beautiful beaches, and attractions like the Clearwater Marine Aquarium and Moccasin Lake Nature Park make it an attractive place to live and visit. In addition to Multi-Family Properties, Clearwater also offers Retail Space, Shopping Centers, Residential Income Homes, and Office Properties, each with its own unique characteristics and opportunities. For example, Retail Space in Clearwater can provide a strong return on investment, thanks to the city's tourist attractions and growing downtown area. Shopping Centers in Clearwater offer a convenient location for residents and visitors alike, while Residential Income Homes provide a more traditional rental experience. Office Properties in Clearwater, meanwhile, can capitalize on the city's strong economy and growing business sector. Overall, Clearwater's diverse range of properties and attractions make it an attractive location for investors seeking a solid return on their investment.
What is the average cap rate for multi-family properties in the Clearwater market?
When it comes to investing in multi-family properties in Clearwater, understanding the average cap rate is crucial. According to current market data, the average cap rate for multi-family properties in Clearwater is 6.98%, which is a key metric to consider when evaluating potential investments - to learn more about what a cap rate is and how it's calculated, check out our article on what is a cap rate.
What should I know about financing options for buying an apartment building in Clearwater?
When considering financing options for buying an apartment building in Clearwater, it's essential to understand the local market and available financing options, including commercial real estate loans (CRE loans) which can be explored in more detail at CRE loans.
Currently, there are 1 available listings of multi-family properties in Clearwater, with an average price per square foot of $379 USD and an average size of 50,800 square feet, ranging up to 561,819 square feet.
Some key factors to consider when financing an apartment building in Clearwater include:
- The average cap rate of 6.98%, which can impact your investment's potential return.
- The local economy, supported by major employers like Morton Plant Hospital, Tech Data, and Honeywell, which can influence the demand for rental properties.
- The city's ongoing downtown redevelopment and attractions like Clearwater Beach, BayCare Ballpark, and Coachman Park, which can enhance the appeal of your investment property.
