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111 N Lady Mary Dr
Clearwater, FL 33755
Asking Price
$3.40M
Cap Rate
6.47%
Asset Type
Apartment Building Multifamily
Class
Class B
What's Special
18-Unit Clearwater Value-Add with Mark-to-Market Rent Upside <ul><li>Built-in mark-to-market upside - The asset produced $219,986 in trailing net operating income, with in-place rents set well below the renovated pro forma. Units mark to market on a staggered 2026-27 lease schedule.</li><li>Major capital items already addressed - 40-year TPO roof installed within the last three years, 6-8 new HVAC units, resurfaced parking lot and copper wiring throughout. The next owner's capital goes into units, not systems.</li><li>Comp set proves the rents - The co
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NOI
$80,000
Cap Rate
2.35%
DSCR
0.40
Underwater
Cash-on-Cash
-11.95%
Monthly Payment
$16,821.345
Annual Cash Flow
$-121,856.139
