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31408683
31410717

1357 Overlea St, Clearwater, FL 33755

JB
FL FL cq1057398
John Burpee & Associates
Listed by John Burpee & Associates
$33,830,967
67 days on market
Updated 15 days ago

153 SFH Portfolio

Details
Property Type Multifamily
Sub Type Single Family Rental Portfolio
Square Footage 149,527
Units 155
Cap Rate 6.00%
NOI $2,029,858
Occupancy 95%
Class B
Investment Type Stabilized
Ownership Private

Multifamily | 6.00% CAP | 155 Units

Marketing description

John Burpee & Associates is proud to present a rare opportunity to acquire a 153-unit single-family rental (SFR) portfolio strategically distributed across some of the most desirable and fastest-growing markets in West Central Florida, including Pinellas County, Pasco County, Hernando County, Hillsborough County, and Sarasota County.

The portfolio consists of a diversified mix of well-located single-family homes situated in established residential neighborhoods with strong rental demand drivers, including population growth, job expansion, and continued in-migration to the broader Tampa Bay region. These markets have demonstrated consistent occupancy levels and rental rate growth, supported by affordability constraints in the for-sale housing market and a growing renter population.

The properties benefit from geographic diversification across five counties, reducing localized risk while maintaining operational efficiency within a concentrated regional footprint. The portfolio offers investors immediate scale in a highly fragmented asset class, eliminating the time and cost associated with aggregating individual homes.

This offering provides stable in-place cash flow with upside potential through continued rental increases, operational efficiencies, and potential disposition strategies at the individual asset level. Investors may also benefit from long-term appreciation driven by sustained demand for workforce housing and limited housing supply across the region.

West Central Florida continues to be one of the most attractive real estate investment markets in the Southeast, with strong economic fundamentals, no state income tax, and ongoing corporate and population growth. The portfolio’s positioning within multiple high-growth submarkets allows investors to capitalize on both income stability and long-term value creation.

With its scale, geographic diversity, and exposure to high-demand rental markets, this 155-unit SFR portfolio represents a compelling opportunity for institutional and private investors seeking to expand or establish a presence in one of Florida’s most resilient and dynamic regions.

Investment highlights

  • Pinellas County
  • 88 Properties Totaling: 116,338 SQ FT
  • Hillsborough County
  • 21 Properties Totaling: 23,944 SQ FT
  • Pasco County
  • 5 Properties Totaling: 5,579 SQ FT
  • Hernando County
  • 3 Properties Totaling: 3,426 SQ FT
  • Sarasota County
  • 1 Property Totaling: 240 SQ FT

Listing Contacts

JB
FL FL cq1057398
John Burpee & Associates
Listed by John Burpee & Associates

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$2,029,858.06
$169,154.84/mo

Valuation Metrics

0
DSCR
6%
Cap Rate
6%
ROI

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Additional Information

Name
John Burpee
License
FL cq1057398
Brokerage Phone
7272351992
Title
Florida
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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