2035 Alpine Rd | Clearwater, FL 33755
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2035 Alpine Rd
Clearwater, FL 33755
The Alpine Apartments In Clearwater, FL! · Multifamily Property For Sale
·
16 Units
Investment Highlights
- 16-UNIT APARTMENT COMPLEX IN CLEARWATER, FL! MINUTES FROM WORLD FAMOUS CLEARWATER BEACH!
- 7.3% CAP RATE IN 2025! 8.2% CAP RATE IN 2026 10% CASH-ON-CASH RETURN IN 2026!
- MASSIVE UPSIDE POTENTIAL FOR A BUYER TO COME IN AND INSTANTLY RAISE THESE RENTAL RATES TO INCREASE THEIR NOI ON DAY 1!
- 16 (2-BEDROOM) UNITS WITH SEVERELY BELOW MARKET RENTAL RATES IN PLACE! CURRENT RENTAL RATES ARE APPROX.$200-$300 PER MONTH, BELOW THE MARKET AVERAGE
- 9% CAP RATE IN 2027! 11% CASH-ON-CASH RETURN IN 2027!
- THE OWNERS HAVE SPENT OVER $300,000 ON INTERIOR AND EXTERIOR PROPERTY IMPROVEMENTS, OVER THE PAST 3 YEARS!
Property Facts
| No. Units | 16 | Lot Size | 0.66 AC |
| Property Type | Multifamily | Building Size | 13,830 SF |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Garden | Year Built/Renovated | 1970/2025 |
| Building Class | C | Parking Ratio | 2.96/1,000 SF |
| Zoning | HDR - High Density Residential | ||
| No. Units | 16 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 0.66 AC |
| Building Size | 13,830 SF |
| No. Stories | 2 |
| Year Built/Renovated | 1970/2025 |
| Parking Ratio | 2.96/1,000 SF |
| Zoning | HDR - High Density Residential |
Amenities
Unit Amenities
- Air Conditioning
- Balcony
- Microwave
- Storage Space
- Heating
- Ceiling Fans
- Kitchen
- Granite Countertops
- High Speed Internet Access
- Oven
- Tub/Shower
- Grill
- Breakfast Nook
- Built-In Bookshelves
- Patio
- Trash Compactor
- Window Coverings
- Large Bedrooms
Site Amenities
- 24 Hour Access
- Laundry Facilities
- Gas Range
- Trash Pickup - Curbside
- Storage Space
- Public Transportation
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1.5 | 12 | - | - |
| 2+2 | 4 | - | - |
Property Taxes
| Parcel Numbers | Improvements Assessment | $1,327,879 | |
| Land Assessment | $372,121 | Total Assessment | $1,700,000 |
Property Taxes
Parcel Numbers
Land Assessment
$372,121
Improvements Assessment
$1,327,879
Total Assessment
$1,700,000
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