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1295 Santa Rosa Street
Clearwater, FL 33756
Asking Price
$5.72M
Cap Rate
6.62%
Asset Type
Apartment Building Multifamily
Class
Class B
What's Special
34 Units Clearwater, FL l 8% C-on-C FY2 <ul><li>Renovated unit interiors</li><li>Value-add opportunity</li><li>Highly desirable unit mix</li><li>Concrete block construction and significant recent capital expenditures</li><li>Washer/dryer connections in 14 of 34 units</li><li>3 contiguous parcels</li><li>3 miles to Clearwater Beach</li><li>Less than 2 miles to Morton Plant Hospital with approximately 687 beds</li><li>Adjacent to SR-60, offering convenient access to a majority of area employment and entertainment</li></ul>
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NOI
$80,000
Cap Rate
1.40%
DSCR
0.24
Underwater
Cash-on-Cash
-15.13%
Monthly Payment
$28,299.439
Annual Cash Flow
$-259,593.269
