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31247821
31247807

3301 Whitney Rd, Clearwater, FL 33760

CS
FL 682983
Scherer Development
Listed by Scherer Development
$11,750,000
74 days on market
Updated 71 days ago

Whitney Place Townhomes

Details
Property Type Multifamily
Sub Type Single Family Rental Portfolio
Net Rentable (SqFt) 43,500
Units 32
Cap Rate 5.57%
NOI $655,000
Occupancy 96%
Pro-Forma Cap Rate 5.83%
Pro-Forma NOI $685,000
Class A
Year Built 2023
Parking Spaces 2 per unit
Investment Type Stabilized
Ground Lease No
Sale Condition For sale by owner

Unique investment opportunity in the most densely populated county in the State of Florida.

Marketing description


A rare investment opportunity in the heart of Pinellas County, Florida. Whitney Place is a modern townhome community featuring 32 residences completed in 2022/2023. The townhome community consists of 8 3-bedroom homes and 24 2-bedroom townhomes. Each unit is spacious with 2.5 baths, averaging 1,700 sq. ft. and includes a direct-access garage, private patio, and 9 ft. ceilings, along with impact-rated windows, granite countertops, and open floor plans designed for comfortable living. Community amenities include a pool house, fitness center, and dog park, all within a secure setting featuring security fencing and gated entry. The location provides immediate access to Pinellas County’s pearly sand beaches and just a 18 minute drive from Downtown St. Petersburg, Clearwater Beach, Tampa International Airport, and the Westshore Business District. Everyday conveniences are just minutes away, with Publix, the Gateway Business District, St. Pete–Clearwater Airport, Topgolf, and over 11.6 million square feet of office space within a 7 min drive. Perfectly positioned for convenience, growth, and long-term value, Whitney Place offers contemporary living in the heart of Tampa Bay.

Listing Contacts

CS
FL 682983
Scherer Development
Listed by Scherer Development

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Loan Amount
$0.00
Annual Debt Service
$--
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Annual Cash Flow
$655,000.00
$54,583.33/mo

Valuation Metrics

0
DSCR
5.57%
Cap Rate
5.57%
ROI

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Additional Information

Name
Chris Scherer
License
682983
Brokerage
Scherer Development, LLC
Brokerage Phone
7274102361
Title
Broker
Brokerage Address
3301 Whitney Road
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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