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The Monarch 1520 Jeffords St 68 Unit Apartment Building For Sale Clearwater, FL 33756
Investment Highlights
- 68-Unit Concrete Block Apartment Community Constructed in the Early 1970s and 1980s, Offering Durable, Low-Maintenance Construction
- Converted in 2021 from Assisted Living to Multifamily Use by Prior Ownership, Now Operating as Traditional Apartments
- Highly Desirable Clearwater Location: Located in a Well-Established Area of Clearwater with Consistent Multifamily Demand
- Elevator-Serviced Concrete Block Asset with Climate-Controlled Interior Corridors, Originally Designed and Built as an Assisted Living Facility
- Well Amenitized Featuring a Fitness Center, Clubhouse, Game Room, Laundry Facility, Full Commercial Kitchen, and On-Site Leasing Office
- Strong Retail & Essential Services Access: Minutes to Major National Retailers Including Publix, Walmart, Costco, The Home Depot, and Target
Executive Summary
The Monarch is a well-maintained 68-unit concrete block apartment community offering durable construction and modern convenience in a highly desirable Clearwater location. Originally built in the early 1970s and 1980s as an assisted living facility, the property benefits from unique design advantages including elevator service and climate-controlled interior corridors. Over $500,000 in recent capital improvements have been completed, featuring a new roof, extensive HVAC replacements, upgraded common areas, a new elevator installation, and select interior renovations. The community is well amenitized with a fitness center, clubhouse, game room, laundry facility, full commercial kitchen, and on-site leasing office. With 15 units currently operating under an affordable restriction at 120% of AMI.
Ideally positioned in a well-established Clearwater neighborhood with exceptional access to retail, employment, and lifestyle amenities. Major national retailers — including Publix, Walmart, Costco, The Home Depot, and Target — are all within minutes, alongside convenient connectivity to US-19, Gulf-to-Bay Boulevard, and Tampa International Airport. Just 10 minutes from world-renowned Clearwater Beach and close to waterfront parks, Belleair Country Club, the Pinellas Trail, and the revitalizing Downtown Clearwater waterfront. The Monarch offers a compelling value-add opportunity in one of Tampa Bay’s most desirable coastal communities.
Ideally positioned in a well-established Clearwater neighborhood with exceptional access to retail, employment, and lifestyle amenities. Major national retailers — including Publix, Walmart, Costco, The Home Depot, and Target — are all within minutes, alongside convenient connectivity to US-19, Gulf-to-Bay Boulevard, and Tampa International Airport. Just 10 minutes from world-renowned Clearwater Beach and close to waterfront parks, Belleair Country Club, the Pinellas Trail, and the revitalizing Downtown Clearwater waterfront. The Monarch offers a compelling value-add opportunity in one of Tampa Bay’s most desirable coastal communities.
Property Facts
| Sale Type | Investment | Lot Size | 1.37 AC |
| No. Units | 68 | Building Size | 69,552 SF |
| Property Type | Multifamily | Average Occupancy | 99% |
| Property Subtype | Apartment | No. Stories | 7 |
| Apartment Style | Mid-Rise | Year Built/Renovated | 1973/2021 |
| Building Class | B |
| Sale Type | Investment |
| No. Units | 68 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | B |
| Lot Size | 1.37 AC |
| Building Size | 69,552 SF |
| Average Occupancy | 99% |
| No. Stories | 7 |
| Year Built/Renovated | 1973/2021 |
Amenities
Unit Amenities
- Ceiling Fans
- Oven
- Stainless Steel Appliances
- Vinyl Flooring
Site Amenities
- Clubhouse
- Fitness Center
- Laundry Facilities
- Security System
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 28 | - | 488 |
| 1+1 | 28 | - | 592 |
| 2+1 | 12 | - | 888 |
Property Taxes
| Parcel Number | 14-29-15-00000-340-0600 | Improvements Assessment | $4,034,956 |
| Land Assessment | $1,515,044 | Total Assessment | $5,550,000 |
Property Taxes
Parcel Number
14-29-15-00000-340-0600
Land Assessment
$1,515,044
Improvements Assessment
$4,034,956
Total Assessment
$5,550,000
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The Monarch | 1520 Jeffords St
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