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600 Wildwood Way
Clearwater, FL 33756
Belleair Landing · Multifamily Property For Sale


INVESTMENT HIGHLIGHTS
- Significant recent CapEx
- Concrete block construction and not in a flood zone
- Located in a quiet residential area of Clearwater
- Value-add opportunity
- Desirable unit mix
- New roofs (2019/2021/2025)
EXECUTIVE SUMMARY
Belleair Landing is a 28-unit, 2-property, garden-style multifamily community located centrally in Clearwater and on the edge of affluent Belleair, Florida. Adjacent to South Fort Harrison Avenue, offering convenient access throughout the county and to a majority of area employment and entertainment options. The property is less than 1 mile to major demand drivers like Bay Care Morton Plant Hospital (687 beds), two world renowned golf courses, and the historic Belleview Inn. The property is also three miles or less from Clearwater Beach and HCA Largo Medical Center (455 beds).
A new investor can benefit from significant recent CapEx and property improvements at Wildwood, such as interior renovations, exterior paint and lighting, landscaping, common area pavers, new roof (2019) and full electric meter bank replacement. An Investor can benefit from more comprehensive renovations at Hamlet, such as new roofs (2021/2025), a repaved parking area, landscaping and irrigation, in-unit washer & dryer, new tankless water heaters, luxury interiors, upgraded electric panels, and new doors and windows. The Hamlet building has a washer/dryer in each unit, and each unit is separately metered for all utilities. It is recommended that a new owner continue to improve on the in-place renovations and utility bill back
program.
A new investor can benefit from significant recent CapEx and property improvements at Wildwood, such as interior renovations, exterior paint and lighting, landscaping, common area pavers, new roof (2019) and full electric meter bank replacement. An Investor can benefit from more comprehensive renovations at Hamlet, such as new roofs (2021/2025), a repaved parking area, landscaping and irrigation, in-unit washer & dryer, new tankless water heaters, luxury interiors, upgraded electric panels, and new doors and windows. The Hamlet building has a washer/dryer in each unit, and each unit is separately metered for all utilities. It is recommended that a new owner continue to improve on the in-place renovations and utility bill back
program.
PROPERTY FACTS
| Price / SF | $243.91 / SF | Number of Properties | 2 |
| Cap Rate | 5.06% | Individually For Sale | 0 |
| Sale Type | Investment | Total Building Size | 21,934 SF |
| Status | Active | Total Land Area | 0.99 AC |
| Price / SF | $243.91 / SF |
| Cap Rate | 5.06% |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 2 |
| Individually For Sale | 0 |
| Total Building Size | 21,934 SF |
| Total Land Area | 0.99 AC |
PROPERTIES
| PROPERTY NAME / ADDRESS | PROPERTY TYPE | SIZE | YEAR BUILT | INDIVIDUAL PRICE |
|---|---|---|---|---|
|
Stonehaven at Wildwood
600 Wildwood Way, Clearwater, FL 33756 |
Multifamily | 14,212 SF | 1972 | - |
| 1462 Hamlet Ave, Clearwater, FL 33756 | Multifamily | 7,722 SF | 1969 | - |
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