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2035 Alpine Rd
Clearwater, FL 33755 North Clearwater

$2,850,000 USD

Apartments For Sale • 6,636 SF

Property Details

Property Type Apartments
Total Building Size 13,830 SF
Lot Size 0.66 AC
Building Class C
Year Built 1970
Zoning HDR

30 Transit Score

42 Walk Score

                
                    Highlights
                
                                16-UNIT APARTMENT COMPLEX IN CLEARWATER, FL!  MINUTES FROM WORLD FAMOUS CLEARWATER BEACH!
                            
                                16 (2-BEDROOM) UNITS WITH SEVERELY BELOW MARKET RENTAL RATES IN PLACE! CURRENT RENTAL RATES ARE APPROX.$200-$300 PER MONTH, BELOW THE MARKET AVERAGE
                            
                                7.3% CAP RATE IN 2025!  8.2% CAP RATE IN 2026  10% CASH-ON-CASH RETURN IN 2026!  
                            
                                9% CAP RATE IN 2027!  11% CASH-ON-CASH RETURN IN 2027!
                            
                                MASSIVE UPSIDE POTENTIAL FOR A BUYER TO COME IN AND INSTANTLY RAISE THESE RENTAL RATES TO INCREASE THEIR NOI ON DAY 1!
                            
                                THE OWNERS HAVE SPENT OVER $300,000 ON INTERIOR AND EXTERIOR PROPERTY IMPROVEMENTS, OVER THE PAST 3 YEARS!

Property Flyers

THE ALPINE APARTMENTS IN CLEARWATER, FL!

Amenities

24 Hour Access
Air Conditioning
Balcony
Laundry Facilities
Microwave
Storage Space
Heating
Gas Range
Trash Pickup - Curbside
Ceiling Fans
Kitchen
Granite Countertops
High Speed Internet Access
Oven
Tub/Shower
Grill
Breakfast Nook
Built-In Bookshelves
Patio
Trash Compactor
Window Coverings
Public Transportation
Large Bedrooms

Public Transportation

Airport	Drive	Walk	Distance
St Pete-Clearwater International	30 min	-	15.0 mi
Tampa International	33 min	-	19.3 mi

Parking Details

Parking Available:	Yes
Reserved:	No
Spaces Provided:	41
Type:	Surface
Included in Rent:	Yes

David Rosenthal 813-245-7333 Grimaldi Commercial Realty Corp.

2035 Alpine Rd Clearwater, FL 33755 North Clearwater