1142 Sunset Point Rd - Apartments FOR SALE


Clearwater, FL 33755- North Clearwater
$6,300,000 USD
727-317-6766
1142 Sunset Point Rd, Clearwater, FL for Sale
$6,300,000 USD
Apartments - FOR SALE
1/55
null | 5.51% Cap Rate

1142 Sunset Point Rd
Clearwater, FL 33755
North Clearwater


HIGHLIGHTS

  • Turn-key asset with up-side
  • Favorable unit mix with majority 2-bedroom apartments
  • 1 of 3 roofs replaced Q3 2021, impact windows in-place
  • Concrete block construction and not in a flood zone
  • Attractive seller financing offered
  • Convenient access to Downtown Clearwater and beaches, Downtown Dunedin

OVERVIEW

Sunset Cove is a garden-style, 33-unit multifamily community located in Clearwater Florida. Located steps away from the Pinellas Trail, a popular recreation path and highly desirable local amenity, allowing quick and convenient pedestrian access to Downtown Dunedin, Downtown Clearwater, area beaches, and more. While being just minutes away from major demand drivers like Morton Plant Hospital (687 beds), Mease Dunedin Hospital (120 beds), and job centers throughout Central and North Pinellas County. An investor can benefit from the attractive seller financing being offered, enjoying a significant cash-on-cash return while executing a strategic value-add plan in non-renovated and less renovated units. The property boasts 60% two-bedroom floorplans, a newer roof, and hurricane impact-rated windows. Residents can enjoy all of the local amenities the area has to offer, in addition to a pool, on-site laundry facilities, and a grill area with a gazebo.

FOR SALE DETAILS

PRICE

$6,300,000 USD

PRICE/SF

$277 USD /SF

# OF UNITS

33

PRICE/UNIT

$190,909

CAP RATE

5.51%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Sunset Cove

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1969

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.31 AC

LAND SF

57,064 SF

ZONING

MHDR, Clearwater

APN/PARCEL ID

03-29-15-88092-000-0290

ASK ABOUT THIS PROPERTY

Sebastian HarrisColliersMore Info
727-317-6766

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Sebastian HarrisColliersMore Info
727-317-6766

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.