Multifamily
309-312 Avanda Court
309 Avanda Ct, Clearwater, FL 33756
Listing Price: $2,325,000
Cap Rate
5.87%
GRM
9.06
Investment Overview
Renovated 14-unit apartment community ideally positioned in the rapidly revitalizing Downtown Clearwater submarket
309-312 Avanda Court
Investment Highlights
- Renovated 14-unit apartment community ideally positioned in the rapidly revitalizing Downtown Clearwater submarket
- Desirable unit mix consisting primarily of spacious two-bedroom/one-and-a-half-bathroom floor plans
- Significant value-add opportunity to increase Effective Gross Income by approximately 23% through light interior renovations and bringing below-market rents to current market levels
- Flexible revenue stream with one unit currently operating as a successful Airbnb, providing the option to continue short-term rental operations or convert to a traditional annual lease
- Concrete block construction across all three residential buildings
- Attractive combination of in-place cash flow and operational upside, creating an opportunity for immediate income with meaningful future appreciation potential
- Less than one mile from Downtown Clearwater, offering walkable access to Cleveland Street's restaurants, breweries, shopping, entertainment and the city's expanding waterfront district
- Approximately 8 minutes from Clearwater Beach, one of Florida's premier Gulf Coast destinations, supporting a strong local employment base and year-round housing demand
Exclusively Listed By
Financing By
Investment Highlights
- Renovated 14-unit apartment community ideally positioned in the rapidly revitalizing Downtown Clearwater submarket
- Desirable unit mix consisting primarily of spacious two-bedroom/one-and-a-half-bathroom floor plans
- Significant value-add opportunity to increase Effective Gross Income by approximately 23% through light interior renovations and bringing below-market rents to current market levels
- Flexible revenue stream with one unit currently operating as a successful Airbnb, providing the option to continue short-term rental operations or convert to a traditional annual lease
- Concrete block construction across all three residential buildings
- Attractive combination of in-place cash flow and operational upside, creating an opportunity for immediate income with meaningful future appreciation potential
- Less than one mile from Downtown Clearwater, offering walkable access to Cleveland Street's restaurants, breweries, shopping, entertainment and the city's expanding waterfront district
- Approximately 8 minutes from Clearwater Beach, one of Florida's premier Gulf Coast destinations, supporting a strong local employment base and year-round housing demand
Investment Overview
Renovated 14-unit apartment community ideally positioned in the rapidly revitalizing Downtown Clearwater submarket
Exclusively Listed By
Financing By
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