Multifamily
Key West Village Apartments
403 Marshall St, Clearwater, FL 33755
Listing Price: $1,800,000
Cap Rate
6.02%
Number of Units
6
GRM
12.03
Price/Unit
$300,000
Investment Overview
Six turn-key luxury multifamily units in Clearwater, Florida
Key West Village Apartments
Investment Highlights
- Six turn-key luxury multifamily units in Clearwater, Florida
- Two of six units are single family homes
- Adjacent to rapidly-growing Clearwater Marina District, just north of Downtown Clearwater, with $1-billion in planned developments
- Significant upside potential with a 41% increase in Effective Gross Income possible by end of Year Two through conversion to short-term rental in five units situated in commercial zoning
- Recent Class 'A' unit interior renovations throughout, including new granite countertops with undermount sinks, new shaker cabinetry with soft-close doors and drawers, new stainless-steel appliances, including dishwashers and built-in microwaves, new washer/dryer appliances, and new flooring, fixtures and lighting
- Tenants pay all utilities directly to municipalities
- Situated in Pinellas County, Florida's most densely populated county
Exclusively Listed By
Financing By
Listing Price: $1,800,000
Cap Rate
6.02%
Number of Units
6
GRM
12.03
Price/Unit
$300,000
Investment Highlights
- Six turn-key luxury multifamily units in Clearwater, Florida
- Two of six units are single family homes
- Adjacent to rapidly-growing Clearwater Marina District, just north of Downtown Clearwater, with $1-billion in planned developments
- Significant upside potential with a 41% increase in Effective Gross Income possible by end of Year Two through conversion to short-term rental in five units situated in commercial zoning
- Recent Class 'A' unit interior renovations throughout, including new granite countertops with undermount sinks, new shaker cabinetry with soft-close doors and drawers, new stainless-steel appliances, including dishwashers and built-in microwaves, new washer/dryer appliances, and new flooring, fixtures and lighting
- Tenants pay all utilities directly to municipalities
- Situated in Pinellas County, Florida's most densely populated county
Investment Overview
Six turn-key luxury multifamily units in Clearwater, Florida
Exclusively Listed By
Financing By
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