811 Lotus Path | Clearwater, FL 33756
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811 Lotus Path
Clearwater, FL 33756
THE CLEARWATER VILLAS FOR SALE · Multifamily Property For Sale
·
6 Units
INVESTMENT HIGHLIGHTS
- 6-UNIT APARTMENT COMPLEX IN BELLEAIR, FL! LOCATED MINUTES FROM WORLD-FAMOUS CLEARWATER BEACH!
- 100% OCCUPIED! EXTREMELY LOW RENTAL RATES, GIVING THE BUYER MASSIVE UPSIDE!
- ALL UNITS HAVE BEEN RECENTLY REDONE IN THE PAST 18 MONTHS!
- 7% CAP RATE IN 2022! 11%+ CASH-ON-CASH RETURN IN 2022!
- CURRENT RENTAL RATES ARE APPROXIMATELY $200-$325 BELOW THE AVERAGE MARKET RENTAL RATES!
- 8% CAP RATE IN 2023! 13%+ CASH-ON-CASH RETURN IN 2023!
PROPERTY FACTS
| No. Units | 6 | Building Size | 4,081 SF |
| Property Type | Multifamily | Average Occupancy | 100% |
| Property Subtype | Apartment | No. Stories | 1 |
| Apartment Style | Garden | Year Built/Renovated | 1949/2021 |
| Building Class | C | Parking Ratio | 2.7/1,000 SF |
| Lot Size | 0.25 AC | ||
| Zoning | 222 - RES/MF | ||
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 0.25 AC |
| Building Size | 4,081 SF |
| Average Occupancy | 100% |
| No. Stories | 1 |
| Year Built/Renovated | 1949/2021 |
| Parking Ratio | 2.7/1,000 SF |
| Zoning | 222 - RES/MF |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Cable Ready
- Dishwasher
- Disposal
- Microwave
- Ceiling Fans
- Tile Floors
- Kitchen
- Refrigerator
- Satellite TV
- Tub/Shower
- Wi-Fi
- Yard
- Family Room
- Freezer
- Instant Hot Water
- Lawn
- Porch
- Smoke Free
- Window Coverings
SITE AMENITIES
- 24 Hour Access
- Courtyard
- Fenced Lot
- Laundry Facilities
- Smoke Free
- Wi-Fi
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 1 | - | - |
| 2+1 | 5 | - | - |
PROPERTY TAXES
| Parcel Number | 15-29-15-54414-004-0200 | Improvements Assessment | $799,023 |
| Land Assessment | $300,977 | Total Assessment | $1,100,000 |
PROPERTY TAXES
Parcel Number
15-29-15-54414-004-0200
Land Assessment
$300,977
Improvements Assessment
$799,023
Total Assessment
$1,100,000
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