Garden-Style Multifamily
1295 Santa Rosa Street Clearwater, FL 33756
1295 Santa Rosa Street, Clearwater, FL, 33756
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For Sale
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Garden-style multifamily with a significant share of 2–3 bedroom units and recent roof, HVAC, and electrical upgrades.
Property Size16,872 SF
Price / SF$213.37
Days on Market99
Property Features for 1295 Santa Rosa Street
General Information
- Standard status
- Active
- Size
- 16,872 SF
- Property subtype
- Multifamily
Building Details
- Year Built
- 1973
Listing agency
Colliers - Tampa, Florida
(813) 470-4330
Listed by
Sebastian Harris · License #FL BK3353330
Source
Crexi
Added: Apr 14 Updated: Jul 21 at 12:16AM Checked: Jul 21 at 12:16AM
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 Colliers - Tampa, Florida
Investment Insights
Based on property information with market context.
1295 Santa Rosa is a garden-style multifamily community featuring 40% 2–3 bedroom units. The property has undergone significant recent CapEx and improvements, including new roofs, doors, windows, water heaters, AC units, and electric panels.
Located in the heart of Clearwater, Florida, the community is adjacent to SR-60, providing convenient access to area employment and entertainment. The property is also described as being less than 3 miles from Clearwater Beach and BayCare Morton Plant Hospital (687 beds).
For ongoing utility cost management, the seller recommends that a new owner pass back water, sewer, and trash expenses through submetering or RUBS.
Located in the heart of Clearwater, Florida, the community is adjacent to SR-60, providing convenient access to area employment and entertainment. The property is also described as being less than 3 miles from Clearwater Beach and BayCare Morton Plant Hospital (687 beds).
For ongoing utility cost management, the seller recommends that a new owner pass back water, sewer, and trash expenses through submetering or RUBS.
Key Highlights
- Garden‑style multifamily built in 1973
- 40% of the units are 2–3 bedroom units
- Recent CapEx and property improvements include new roof, doors, windows, and water heaters
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $404.9k | $24.00 |
| − Vacancy | −$26.3k | −$1.56 |
| EGI | $378.6k | $22.44 |
| − OpEx | −$170.4k | −$10.10 |
| NOI | $208.2k | $12.34 |
16,872 SF · lease $24.00/SF/yr · vacancy 6.50% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$2.97M
$2.60M – $3.47M
NOI $208,234 @ 7.0% cap · market cap 5.78%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$4.73M
$4.14M – $5.52M
NOI $331,351 @ 7.0% cap · market cap 9.20%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Westchester Apartments
Apartment Complex
Similar For Sale Nearby
FAQs
What type of property is this?
Apartment building - Garden-style multifamily with a significant share of 2–3 bedroom units and recent roof, HVAC, and electrical upgrades.
Where is this apartment building located?
The property is located at 1295 Santa Rosa Street Clearwater, FL.
What is the asking price?
The asking price for this property is $3,600,000.
What are key features of this property?
This property features: Garden‑style multifamily built in 1973; 40% of the units are 2–3 bedroom units; Recent CapEx and property improvements include new roof, doors, windows, and water heaters
