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THE CLEARWATER VILLAS FOR SALE! - Availability Details

811 Lotus Path , Clearwater, FL 33756

  • For Sale $850,000
  • Property Type Multi-Family
  • Property Size 4,063 Sqft
  • Lot Size 0.26 Acre
  • Parking Spaces Avail. 12
  • Property Tenancy Multi-Tenant
  • Year Built 1963
  • Year Renovated 2021
  • Date Updated Jul 07, 2021
LOCATED IN BEAUTIFUL BELLEAIR, FL, MINUTES FROM WORLD-FAMOUS CLEARWATER BEACH!
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Location

  • City Clearwater, FL
  • Neighborhood Clearwater North East
  • Zip Code 33756
  • Market Tampa St Petersburg Clearwater

Contacts

broker

David Rosenthal

Grimaldi Commercial Realty Corp

(813) 882-0884

Highlights

  • 6-UNIT APARTMENT COMPLEX IN BELLEAIR, FL!
  • LOCATED MINUTES FROM WORLD-FAMOUS CLEARWATER BEACH!
  • 7% CAP RATE IN 2022!
  • 11%+ CASH-ON-CASH RETURN IN 2022!
  • 100% OCCUPIED!
  • EXTREMELY LOW RENTAL RATES, GIVING THE BUYER MASSIVE UPSIDE!
  • CURRENT RENTAL RATES ARE APPROXIMATELY $200-$325 BELOW THE AVERAGE MARKET RENTAL RATES!
  • LONG-TERM TENANTS WITH OVER 50% OF THE LEASES ENDING IN 2021, ALLOWING THE BUYER TO RAISE RENTAL RATES RIGHT AWAY!
  • ALL UNITS HAVE BEEN RECENTLY REDONE IN THE PAST 18 MONTHS!
  • FANTASTIC UNIT MIX CONSISTING OF FIVE 2-BEDROOM/2-BATHROOM UNITS AND ONE 1-BEDROOM/1-BATHROOM UNIT!

Frequently Asked Questions

What year was THE CLEARWATER VILLAS FOR SALE! built and finished?

THE CLEARWATER VILLAS FOR SALE! was completed in 1963.

Attachments

Contact Listing Broker

broker

David Rosenthal

Grimaldi Commercial Realty Corp

(813) 882-0884

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