504 S Myrtle Ave | Clearwater, FL 33756
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- LoopNet Team
504 S Myrtle Ave
Clearwater, FL 33756
(40-Unit)-DEVELOPMENT IN DOWNTOWN CLEARWATER · Multifamily Property For Sale
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40 Units
Investment Highlights
- LOCATED IN AN "OPPORTUNITY ZONE," GIVING THE BUYER HUGE FUTURE TAX BENEFITS! DIRECTLY ON THE HARD CORNER OF CHESTNUT ST. & MYRTLE AVE IN DOWNTOWN!
- CHESTNUT ST. IS ALSO KNOWN AS GULF TO BAY BLVD. THE MAJOR THROUGHWAY CONNECTING CLEARWATER TO TAMPA BAY!
- LAND CAN BE USED TO BUILD AN APARTMENT COMPLEX OR CONDOS AT THE SITE!
- AMAZING SELLER FINANCING AVAILABLE! APPROXIMATE TERMS: DOWN PAYMENT: $2,000,000, 6% FIXED IR, INTEREST-ONLY PAYMENTS, 3 OR 5 YEAR BALLOON!
- PLANS ARE IN PLACE TO BUILD A BRAND NEW 40-UNIT APARTMENT COMPLEX WITH COVERED PARKING!
- ADDITIONAL PARKING AND UNITS CAN BE ADDED TO PLANS IF A BUYER WOULD LIKE TO BUILD MORE THAN THE 40 UNITS ALREADY PLANNED!
Property Facts
| No. Units | 40 | Construction Status | Proposed |
| Property Type | Multifamily | Building Size | 30,000 SF |
| Property Subtype | Apartment | No. Stories | 6 |
| Apartment Style | Mid-Rise | Year Built | 2028 |
| Building Class | B | Parking Ratio | 2/1,000 SF |
| Lot Size | 0.55 AC | ||
| Zoning | PD - planned development | ||
| No. Units | 40 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | B |
| Lot Size | 0.55 AC |
| Construction Status | Proposed |
| Building Size | 30,000 SF |
| No. Stories | 6 |
| Year Built | 2028 |
| Parking Ratio | 2/1,000 SF |
| Zoning | PD - planned development |
Amenities
- Smoke Detector
Unit Amenities
- Air Conditioning
- Balcony
- Cable Ready
- Disposal
- Security System
- Bay Window
- Ceiling Fans
- Crown Molding
- Double Vanities
- Eat-in Kitchen
- Kitchen
- Granite Countertops
- Hardwood Floors
- Vaulted Ceiling
- High Speed Internet Access
- Refrigerator
- Stainless Steel Appliances
- Tub/Shower
- Views
- Walk-In Closets
- Wi-Fi
- Grill
- Breakfast Nook
- Double Pane Windows
- Family Room
- Framed Mirrors
- Pantry
- Smoke Free
- Window Coverings
Site Amenities
- 24 Hour Access
- Business Center
- Courtyard
- Fitness Center
- Laundry Facilities
- Security System
- Gated
- Grill
- Wheelchair Accessible
- Trash Pickup - Curbside
- Wi-Fi
- Car Charging Station
- Community-Wide WiFi
- Maintenance on site
- Sundeck
- Public Transportation
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+2 | 40 | - | - |
Property Taxes
| Parcel Numbers | Improvements Assessment | $81,695 | |
| Land Assessment | $657,044 | Total Assessment | $738,739 |
Property Taxes
Parcel Numbers
Land Assessment
$657,044
Improvements Assessment
$81,695
Total Assessment
$738,739
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