Morningside East I & II
Multifamily | 20 Units | $125,000/unit
Marketing description
Morningside East is a 20-unit fractured condo community within a 44-unit community, located within Clearwater, FL. The opportunity boasts an attractive unit mix featuring 50% two-bedroom units and offering a new investor a 45.45% ownership stake in the community. The property is steps away from Highway US-19 and 1-mile from Gulf to Bay (SR 60), offering convenient access throughout the Tampa Bay.
Investment highlights
Value-add opportunity
Highly desirable unit mix
Concrete block construction and not in a flood zone
Ability to draft behind the strong demand of class a new construction in the submarket
Recent capital improvements include new roofs on both buildings
Centrally located in Pinellas County just off of the US-19 corridor & Gulf to Bay Blvd.
Walkable to the Duke Energy Trail
Easy access to major employment centers throughout the Tampa MSA
Short drive to shopping, dining & entertainment establishments such as Costco, Home Depot, Sam’s Club, & Target
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