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600 Wildwood Way
Clearwater, FL 33756 South Clearwater

$3,400,000 USD

Apartments For Sale  •  14,212 SF

Property Details

  • Property Type Apartments
  • Total Building Size 14,212 SF
  • Lot Size 0.54 AC
  • Building Class C
  • Year Built 1972
  • Zoning MDR, Clearwater
30 Transit Score
60 Walk Score

Highlights

18-UNIT APARTMENT COMPLEX IN CLEARWATER, FL! MINUTES FROM WORLD-FAMOUS CLEARWATER BEACH!
SEVERELY BELOW-MARKET RENTAL RATES IN PLACE AT THE PROPERTY, GIVING THE BUYER MASSIVE UPSIDE POTENTIAL IN THE FUTURE!
CURRENT RENTAL RATES ARE APPROXIMATELY $150-$300 BELOW THE MARKET AVERAGE RENTAL RATE!
2026 CAP RATE: 6% 2027 CAP RATE: 6.5% 2028 CAP RATE: 7%!
UNIT UPDATES INCLUDED: NEW FLOORING, NEW KITCHENS, UPDATED HVAC UNITS, NEW ELECTRICAL PANELS, NEW APPLIANCES AND MUCH MORE!
LARGE PARKING LOT IN FRONT OF THE BUILDING FOR TENANTS AND GUESTS!

Property Flyers

Amenities

  • 24 Hour Access
  • Air Conditioning
  • Cable Ready
  • Dishwasher
  • Laundry Facilities
  • Microwave
  • Security System
  • Washer/Dryer
  • Grill
  • Wheelchair Accessible
  • Gas Range
  • Trash Pickup - Curbside
  • Vintage Building
  • Wi-Fi
  • Ceiling Fans
  • Tile Floors
  • Kitchen
  • Granite Countertops
  • Hardwood Floors
  • Refrigerator
  • Oven
  • Stainless Steel Appliances
  • Range
  • Tub/Shower
  • Yard
  • Storage Space
  • Dining Room
  • Instant Hot Water
  • Island Kitchen
  • Lawn
  • Linen Closet
  • Pantry
  • Trash Compactor
  • Vinyl Flooring
  • Wheelchair Accessible (Rooms)
  • Public Transportation
  • Large Bedrooms
  • Private Bathroom

Public Transportation

AirportDriveWalkDistance
St Pete-Clearwater International 27 min - 12.4 mi
Tampa International 34 min - 19.4 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 35
Type: Surface
Included in Rent: Yes
David Rosenthal 813-245-7333 Grimaldi Commercial Realty Corp.
David Rosenthal 813-245-7333 Grimaldi Commercial Realty Corp.