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1705 Apache Trl
Clearwater, FL 33755
Apache Trail Apartments · Multifamily Property For Sale
·
18 Units
Investment Highlights
- 18-Unit Multifamily Property Ideally Located Near Downtown Clearwater, FL
- Value-Add Opportunity with Approximately $14,900+ in Annual Rental Upside Through Rent Increases to Market Levels
- Proximate to Major Employment Centers Including Morton Plant Hospital (2.7 Mi), Clearwater Marine Aquarium (3.7 Mi) & Gateway Business District(15 Mi)
- Unit Mix Includes Studios, One-Bedroom, and Two-Bedroom Apartments
- Property Amenities Include On-Site Parking and a Shared Back Patio for Residents
- Convenient Access to US-19 and Interstate 275
Executive Summary
Apache Trail Apartments is an 18-unit multifamily community ideally positioned just minutes from Downtown Clearwater, offering investors a well-located asset with a diverse unit mix of studios, one bedroom, and two-bedroom apartments. Current ownership has completed over $249,000 in recent exterior capital improvements, including fresh exterior paint, enhanced landscaping, and upgraded concrete pads and walkways, providing strong curb appeal and limited near-term capital requirements. The property also offers on-site parking and a shared back patio for residents.
The property presents a compelling value add opportunity with approximately $14,900+ in annual rental upside through rent increases to market levels, along with the opportunity to execute on light interior enhancements such as white shaker cabinets, granite countertops, new fixtures, and the addition of an on-site laundry facility. Apache Trail Apartments is located just five minutes from Downtown Clearwater’s walkable waterfront lifestyle anchored by Coachman Park, three minutes from the Pinellas Trail, and 11 minutes from Clearwater Beach. The property is also proximate to major employment centers including Morton Plant Hospital, Clearwater Marine Aquarium, and the Gateway Business District, supporting continued rental demand.
The property presents a compelling value add opportunity with approximately $14,900+ in annual rental upside through rent increases to market levels, along with the opportunity to execute on light interior enhancements such as white shaker cabinets, granite countertops, new fixtures, and the addition of an on-site laundry facility. Apache Trail Apartments is located just five minutes from Downtown Clearwater’s walkable waterfront lifestyle anchored by Coachman Park, three minutes from the Pinellas Trail, and 11 minutes from Clearwater Beach. The property is also proximate to major employment centers including Morton Plant Hospital, Clearwater Marine Aquarium, and the Gateway Business District, supporting continued rental demand.
Property Facts
| Price Per Unit | $118,333 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.98 AC |
| No. Units | 18 | Building Size | 8,509 SF |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built/Renovated | 1918/1981 |
| Apartment Style | Low-Rise | Parking Ratio | 2/1,000 SF |
| Price Per Unit | $118,333 |
| Sale Type | Investment |
| No. Units | 18 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.98 AC |
| Building Size | 8,509 SF |
| No. Stories | 2 |
| Year Built/Renovated | 1918/1981 |
| Parking Ratio | 2/1,000 SF |
Amenities
Unit Amenities
- Air Conditioning
- Dishwasher
- Microwave
- Heating
- Security System
- Kitchen
- Refrigerator
- Oven
- Smoke Free
Site Amenities
- 24 Hour Access
- Tenant Controlled HVAC
- Smoke Free
- Trash Pickup - Curbside
- Walk-Up
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 3 | - | 350 |
| 1+1 | 12 | - | 450 - 500 |
| 2+1 | 3 | - | 515 |
Property Taxes
| Parcel Number | 03-29-15-59598-010-0230 | Improvements Assessment | $526,645 |
| Land Assessment | $973,355 | Total Assessment | $1,500,000 |
Property Taxes
Parcel Number
03-29-15-59598-010-0230
Land Assessment
$973,355
Improvements Assessment
$526,645
Total Assessment
$1,500,000
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