Santa Rosa Portfolio
Clearwater, FL Downtown Clearwater

$5,750,000 USD

Multifamily For Sale • 38,608 SF

3 Properties View all

Property Details

Property Type Multifamily

40 Transit Score

60 Walk Score

                
                    Highlights
                
                                Durable Construction: 34-unit concrete block community built in the 1970s
                            
                                Strong Unit Mix: One-, two-, and three-bedroom floorplans appealing to a broad renter base
                            
                                Significant Capital Investment: Over $1.2M in major capex, including 100% interior unit renovations across the portfolio
                            
                                Attractive Going-In Yield: 6.48%+ in-place cap rate with adjusted taxes and insurance
                            
                                Central Clearwater Location: Positioned in Clearwater's East Gateway district (33756), adjacent to SR-60, a primary East-West arterial
                            
                                Proximity to Employment & Healthcare: Under 2 miles to BayCare Morton Plant Hospital, a 687-bed regional medical center