$429,900 • living size area 3703 sqft

Rare chance to purchase a stabilized and recently renovated mixed-use (apartments & office) property in the heart of clearwater at a real 8% cap rate. property consists of a stand-alone 2,500 sq. ft. office building and a 6 unit apartment building. apartments units are in high demand and have a waiting list. the property has undergone many recent improvements, including many new hvac systems (7 of the 8 have been replaced), newer roof on both structures, new exterior paint, energy efficient lighting, upgraded electric panels in office, etc. office property is comprised of two (2) rental suites. #1 is approximately 1,500 sq. ft. of usable space and #2 is 1,000 sq. ft. the apartment building consists of six (6) very nicely appointed studio units all which have walk in closets, energy efficient mini-split hvac units, full appliances, etc. these units stay on a waiting list and don't come available very often. all tenants have passed background checks and are on a 12 month lease. there is a brand new 10k sq. ft. $8 million dollar surgery center that was just built directly across the street (same parcel location but opposing side of street) meaning that there might be a demand for a future redevelopment opportunity. cash flow now and then redevelop into a higher and better use. this has been a great investment for the current owners and are only selling so that they can focus on other investment opportunities. owners will consider holding 1st position seller financing with 50% down for qualified buyers.

Multi Family - SKY CREST UNIT NO. 7

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