Sally Lane
Multifamily | 22 Units | $155,000/unit
Marketing description
Sally Lane is a 22-unit garden-style apartment complex centrally located within Clearwater, Florida. The property is steps away from SR-60 and Alt US-19, offering convenient access to most area employment opportunities and entertainment options. The property is in close proximity to major demand drivers like Bay Care Morton Plant Hospital (687 beds) and world-renowned Clearwater Beach.
A new investor can benefit from partially renovated units that feature tile flooring, granite countertops, wood cabinetry, stainless steel appliances, and washer/dryer connections in each unit. It is recommended that a new owner improve the curb appeal of the property, improve rents, and reduce in-place loss-to-lease.
Investment highlights
Partially renovated interiors with washer/dryer connection
Value-add opportunity
Strong in-place utility recapture program
Roof replaced 2017
Approximately 50% of windows replaced
Centrally located within Clearwater
1.5 miles to Bay Care Morton Plant Hospital
Less than 5 miles to Clearwater Beach
Convenient access to most area employment
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