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34-Unit Renovated Apartment Building

1275 Santa Rosa Street, Clearwater, FL 33756

For Sale
Contact for pricing

Concrete block residences offer a mix of one-, two-, and three-bedroom layouts with extensive interior and systems upgrades.

Property SizeContact for details
Days on Market43

Property Features for 1275 Santa Rosa Street

General Information

Standard status Active
Property subtype Multifamily

Site & Location

Neighborhood East Gateway Business and Neighbors Association
Highway Access Yes

Additional Details

Cap Rate 6.48%
Multifamily Units 34
Tenant in Place Yes

Building Details

Construction concrete block
Listing Agency: Franklin Street Tampa
Listed By: Geno Cronin · License #SL3612814
Source: Crexi
Added: Sep 28 Changed: Nov 8 Last Checked: Nov 8 at 4:24PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Franklin Street Tampa

Rey
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Investment Insights

Based on property information with market context.

This 34-unit apartment community in Clearwater is built of concrete block and offers one-, two-, and three-bedroom floorplans. Interior renovations have been completed throughout the units. Improvements also include electrical panels, plumbing, washer/dryer connections, HVAC systems, water heaters, and a replacement roof.

The property is near SR-60, with access to BayCare Morton Plant Hospital and Clearwater Beach. A LOMA is in place, and the reported in-place cap rate is 6.48%.

Key Highlights

  • 34 concrete block apartment units
  • One-, two-, and three‑bedroom floorplans
  • Interior renovations completed throughout the units

Property Analytics

Lease Details

34
Residential units
Yes
Highway access

Location Intelligence

Trade Area within ½ mile

1,901
Businesses Nearby

Demographics for 33756, FL

31,807
Population
15,474
Households
2.1
Avg Household Size
48
Median Age
30%
College-Educated
91%
High-School Grad
7.2 sq mi
ZIP Area
4,418
Density / Sq Mi
$63,990
Median Household Income
$38,563
Median Earnings
$1,382
Median Rent
$335,800
Median Home Value

Market

Average Price Trend$/SF for Apartment buildings in Clearwater, FL

$276 Jul
$260 Aug
$266 Sep
$255 Oct

Properties on Market for Apartment buildings in Clearwater

Jul
Aug
Sep
Oct

Vacancy Rate% for Multifamily in South region

8.5% 2022
10.2% 2023
11.4% 2024
11.3% 2025

Frequently Asked Questions

What type of property is this?
Apartment building - Concrete block residences offer a mix of one-, two-, and three-bedroom layouts with extensive interior and systems upgrades.
Where is this apartment building located?
The property is located at 1275 Santa Rosa Street Clearwater, FL.
What is the asking price?
The asking price for this property is $5,750,000.
What are key features of this property?
This property features: 34 concrete block apartment units; One-, two-, and three‑bedroom floorplans; Interior renovations completed throughout the units
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