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503 & 530 Fairwood Ave
Clearwater, FL 33759
Genesis Clearwater · Multifamily Property For Sale
·
372 Units
Investment Highlights
- Well-Renovated Turnkey 372-Unit Community Situated in an In-Fill Location of Clearwater, FL; Located Nearby Major Drivers
- Incredible Property Momentum and Organic Rent Growth in 2021; Tampa Bay is Seeing Unprecedented Rent Growth
- Additional Ancillary Income Potential; Attractive Amentiy Package with Ability to Enhance
- Value-Add Opportunity to Further Upgrade Well-Appointed & Large Units to Achieve a $400 Premium; Over $11.8 Million ($31,000/unit) in Recent CapEx
- Attractive Unit Renovations on Almost All Units; Diverse and Appealing Floor Plans
Property Facts
| No. Units | 372 | Lot Size | 22.00 AC |
| Property Type | Multifamily | Building Size | 342,588 SF |
| Property Subtype | Apartment | Average Occupancy | 90% |
| Apartment Style | Garden | No. Stories | 2 |
| Building Class | B | Year Built/Renovated | 1974/2020 |
| Zoning | MDR - Medium Density Residential | ||
| No. Units | 372 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | B |
| Lot Size | 22.00 AC |
| Building Size | 342,588 SF |
| Average Occupancy | 90% |
| No. Stories | 2 |
| Year Built/Renovated | 1974/2020 |
| Zoning | MDR - Medium Density Residential |
Amenities
Unit Amenities
- Air Conditioning
- Balcony
- Dishwasher
- Disposal
- Microwave
- Washer/Dryer Hookup
- Heating
- Ceiling Fans
- Eat-in Kitchen
- Kitchen
- Vaulted Ceiling
- Refrigerator
- Oven
- Range
- Tub/Shower
- Walk-In Closets
- Carpet
- Dining Room
- Freezer
- Pantry
- Patio
- Wheelchair Accessible (Rooms)
- Window Coverings
Site Amenities
- 24 Hour Access
- Business Center
- Clubhouse
- Fitness Center
- Laundry Facilities
- Pool
- Property Manager on Site
- Tennis Court
- Breakfast/Coffee Concierge
- Car Wash Area
- Laundry Service
- Pet Play Area
- Maintenance on site
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 96 | - | 650 - 810 |
| 2+1 | 80 | - | 702 |
| 2+2 | 135 | - | 994 - 1,164 |
| 3+2 | 61 | - | 1,164 - 1,259 |
Property Taxes
| Parcel Numbers | Improvements Assessment | $39,529,735 | |
| Land Assessment | $18,970,265 | Total Assessment | $58,500,000 |
Property Taxes
Parcel Numbers
Land Assessment
$18,970,265
Improvements Assessment
$39,529,735
Total Assessment
$58,500,000
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