121 N Jefferson Ave
Category
$3,150,000
INVESTMENT HIGHLIGHTS
- Two Property Multifamily Portfolio comprised of 42 total units in Clearwater & Largo off of Jefferson Avenue
- Assets are Commanding Strong Utility Bill Backs with Further Room for Increase by Implementing on the Remaining Units
- Centrally Located Assets Surrounded by Strong Local Clearwater Demand Drivers
- Ability to Raise the Net Operating Income by Approximately $100,000
- Properties Maybe Individually Partitioned
- Close Proximity to Clearwater Beach a Previously Named #1 Nationally Renowned Beach by TripAdvisor
EXECUTIVE SUMMARY
EMAIL: [email protected] for OM, financials and to set up any property tours. Jefferson Apartments is comprised of 20 units.
Two Property Multifamily Portfolio comprised of 42 total units in Clearwater & Largo off of Jefferson Avenue. Tara Gardens, the other property is located at 1630 Jefferson Avenue and is comprised of 22 units.
Two Property Multifamily Portfolio comprised of 42 total units in Clearwater & Largo off of Jefferson Avenue. Tara Gardens, the other property is located at 1630 Jefferson Avenue and is comprised of 22 units.
PROPERTY FACTS
| Price | $3,150,000 | Building Class | C |
| Price Per Unit | $157,500 | Lot Size | 1.52 AC |
| Sale Type | Investment | Building Size | 29,050 SF |
| Cap Rate | 10.12% | Average Occupancy | 100% |
| No. Units | 20 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1976 |
| Property Subtype | Apartment | Parking Ratio | 1.72/1,000 SF |
| Apartment Style | Low Rise | Opportunity Zone | No |
UNIT AMENITIES
- Air Conditioning
- Balcony
- Cable Ready
- Heating
- Tile Floors
- Kitchen
- Hardwood Floors
- Refrigerator
- Oven
- Range
- Carpet
- Deck
- Dining Room
- Patio
SITE AMENITIES
- Laundry Facilities
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121 N Jefferson Ave, Clearwater, FL 33755
