Skip to main content

Multifamily

407 South Jupiter Avenue

407 S Jupiter Ave, Clearwater, FL 33755

Listing Price: $1,050,000

Cap Rate
6.63%
Number of Units
11
Price/Unit
$95,455
Price/Gross SF
$307.92
Gross SF
3,410

Investment Overview

11-unit multifamily community in Clearwater, FL (Tampa Bay MSA)

Investment Highlights

  • Turn-key property with approximately $100,000 in recent renovations
  • $208 per unit per month up-side available over average in-place rents through strategic interior renovations
  • Approximately $100,000 in recent capital improvement with new roof in November 2020, new exterior windows, mini-split AC's, paint and landscaping
  • Proven ability to increase gross rents 14.71% through elimination of in-place loss-to-lease
  • Four miles to Clearwater Beach, voted best beach in the U.S. (TripAdvisor 2018 & 2019)
  • 1.9 miles to Fred Marquis Pinellas Trail with approximately one million annual users

Exclusively Listed By

Financing By

  • Jared Cassidy

    First Vice President Capital Markets

    Direct:

    Email Jared

    Washington, D.C., MD

Multifamily

407 South Jupiter Avenue

Listing Price: $1,050,000

Cap Rate
6.63%
Number of Units
11
Price/Unit
$95,455
Price/Gross SF
$307.92
Gross SF
3,410

Investment Highlights

  • Turn-key property with approximately $100,000 in recent renovations
  • $208 per unit per month up-side available over average in-place rents through strategic interior renovations
  • Approximately $100,000 in recent capital improvement with new roof in November 2020, new exterior windows, mini-split AC's, paint and landscaping
  • Proven ability to increase gross rents 14.71% through elimination of in-place loss-to-lease
  • Four miles to Clearwater Beach, voted best beach in the U.S. (TripAdvisor 2018 & 2019)
  • 1.9 miles to Fred Marquis Pinellas Trail with approximately one million annual users

Investment Overview

11-unit multifamily community in Clearwater, FL (Tampa Bay MSA)

Exclusively Listed By

Financing By

  • Jared Cassidy

    First Vice President Capital Markets

    Direct:

    Email Jared

    Washington, D.C., MD

MM Texture Background
MM Textured Background Lower