Midfield Clearwater Portfolio
34 Units Clearwater, FL l 8% C-on-C FY2
Marketing description
The Midfield Clearwater Portfolio is a 34-unit, 3-property, garden-style multifamily community located in the heart of Clearwater, Florida. Adjacent to SR-60, offering convenient access to a majority of area employment and entertainment options. The properties are less than 3 miles to major demand drivers like world-renowned Clearwater Beach and Bay Care Morton Plant Hospital (687 beds).
A new investor can benefit from significant recent capex and property improvements, such as doors, windows, water heaters, AC units, electric panels and more. Additionally, the properties boast 41% 2-3 bedroom units, and 41% in-unit washer/dryer connections. It is recommended that a new owner pass back the water, sewer, and trash expenses via submetering. Water-shutoff valves are accessible for all units with laundry connections.
Investment highlights
- Renovated unit interiors
- Value-add opportunity
- Highly desirable unit mix
- Concrete block construction and significant recent capital expenditures
- Washer/dryer connections in 14 of 34 units
- 3 contiguous parcels
- 3 miles to Clearwater Beach
- Less than 2 miles to Morton Plant Hospital with approximately 687 beds
- Adjacent to SR-60, offering convenient access to a majority of area employment and entertainment
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