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Midfield Clearwater Portfolio 4 Multifamily Properties Offered at $6,764,000 in Clearwater, FL
Investment Highlights
- Turn-key asset
- Highly desirable unit mix
- Washer/dryer connection in 18 of 38 units
- Value-add opportunity
- Concrete block construction and much recent CapEx
- 3 contiguous parcels with the 4th property only 400ft away
Executive Summary
The Midfield Clearwater Portfolio is a 38-unit, 4-property, garden-style multifamily community located in the heart of Clearwater, Florida. Adjacent to SR-60, offering convenient access to a majority of area employment and entertainment options. The properties are less than 3 miles to major demand drivers like world-renowned Clearwater
Beach and Bay Care Morton Plant Hospital (687 beds).
A new investor can benefit from significant recent capex and property improvements, such as doors, windows, water heaters, AC units, electric panels and more. Additionally, the properties boast 47% 2-3 bedroom units, and 47% in-unit washer/dryer connections. It is recommended that a new owner pass back the water, sewer, and trash expenses via submetering. Water-shutoff valves are accessible for all units with laundry connections.
Beach and Bay Care Morton Plant Hospital (687 beds).
A new investor can benefit from significant recent capex and property improvements, such as doors, windows, water heaters, AC units, electric panels and more. Additionally, the properties boast 47% 2-3 bedroom units, and 47% in-unit washer/dryer connections. It is recommended that a new owner pass back the water, sewer, and trash expenses via submetering. Water-shutoff valves are accessible for all units with laundry connections.
Data Room Click Here to Access
- Offering Memorandum
- Operating and Financials
- Miscellaneous
Taxes & Operating Expenses (Actual - 2025) Click Here to Access |
Annual |
|---|---|
| Gross Rental Income |
-
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| Other Income |
-
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| Vacancy Loss |
-
|
| Effective Gross Income |
-
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| Net Operating Income |
$99,999
|
Taxes & Operating Expenses (Actual - 2025) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | - |
| Other Income | |
|---|---|
| Annual | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Effective Gross Income | |
|---|---|
| Annual | - |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
Property Facts
| Price | $6,764,000 | Status | Active |
| Price / SF | $186.46 / SF | Number of Properties | 4 |
| Sale Condition | Bulk/Portfolio Sale | Individually For Sale | 0 |
| Cap Rate | 6.58% | Total Building Size | 36,276 SF |
| Sale Type | Investment | Total Land Area | 0.89 AC |
| Price | $6,764,000 |
| Price / SF | $186.46 / SF |
| Sale Condition | Bulk/Portfolio Sale |
| Cap Rate | 6.58% |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 4 |
| Individually For Sale | 0 |
| Total Building Size | 36,276 SF |
| Total Land Area | 0.89 AC |
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
|
Westchester Apartments
1295 Santa Rosa Dr, Clearwater, FL 33756 |
Multifamily | 20,960 SF | 1973 | - |
| 1285 Santa Rosa St, Clearwater, FL 33756 | Multifamily | 5,656 SF | 1970 | - |
| 1279 Santa Rosa St, Clearwater, FL 33756 | Multifamily | 5,544 SF | 1973 | - |
| 1259 Franklin St, Clearwater, FL 33756 | Multifamily | 4,116 SF | 1964 | - |
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Matterport 3D Exterior
Matterport 3D Tour
Photos
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Midfield Clearwater Portfolio
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