701 S Madison Ave
Clearwater, FL 33756
Lakeside Crossing · Multifamily Property For Sale
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43 Units
Property Facts
| No. Units | 43 | Lot Size | 5.32 AC |
| Property Type | Multifamily | Building Size | 101,493 SF |
| Property Subtype | Apartment | No. Stories | 5 |
| Apartment Style | Mid-Rise | Year Built/Renovated | 1985/2006 |
| Building Class | B | Parking Ratio | 1.91/1,000 SF |
| Zoning | HDR, Clearwater | ||
| No. Units | 43 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | B |
| Lot Size | 5.32 AC |
| Building Size | 101,493 SF |
| No. Stories | 5 |
| Year Built/Renovated | 1985/2006 |
| Parking Ratio | 1.91/1,000 SF |
| Zoning | HDR, Clearwater |
Amenities
Unit Amenities
- Air Conditioning
- Dishwasher
- Microwave
- Washer/Dryer
- Washer/Dryer Hookup
- Ceiling Fans
- Kitchen
- Granite Countertops
- Refrigerator
- Oven
- Tub/Shower
- Island Kitchen
Site Amenities
- 24 Hour Access
- Controlled Access
- Clubhouse
- Fitness Center
- Pool
About 701 S MADISON AVE , CLEARWATER, FL 33756
CONTRACT PENDING - 43 UNITS AVAILABLE IN 100 UNIT CONDO BUILDING. Building was rebuilt into 100 condo units in 2006 and currently 43 of the condo units are for sale owned by the original developer/investor. The balance of the units are owned individually. Condo association in good condition with reserves. Building was gutted and rebuilt from the walls to the center halls in 2006. New designs, studs, doors, door frames, kitchens and bathrooms. All condo units have bamboo wood floors, granite kitchens and tile bathrooms and in unit washer/dryers. Typical unit is included in photos Over 90% of the 43 units are rented showing about a 5.6% cap rate on asking price. The most recent re-sale condo in the building sold for $116 per sq ft. Asking price is $88 per sq ft. Units can be resold at market. Financial statement is for the operation of the 43 condo units.
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 10 | - | - |
| 2+2 | 80 | - | - |
| 3+2 | 10 | - | - |
Property Taxes
| Parcel Numbers | Improvements Assessment | $1,292,506 | |
| Land Assessment | $0 | Total Assessment | $1,292,506 |
Property Taxes
