Shared-Pool Apartment
For Sale
$752,000
2335 EVANS, Clearwater, FL 33763
Two structures offer residents shared laundry facilities and a pool.
Property Size3,391 SF
Days on Market9
Property Features for 2335 EVANS
General Information
Standard status
Active
Size
3,391 SF
Property subtype
Investment
Occupancy
100%
Units
Unit Mix
4 x 2BR, 2 x studio
Multifamily Units
5
Additional Details
Gross Income
$82,800
Tenant in Place
Yes
Taxes and HOA fees
Annual Taxes
$9,082
Amenities
shared pool
shared washer and dryer
storage shed
Building Details
Building Size
3,391 SF
Year Built
1967
Buildings
2
Units
5
Listing Agency:
Archwater Realty
Listed By:
Robert VanPamelen · License #3045798
(727) 492-4300
Source:
Elliman
Added: Oct 23
Changed: Oct 25
Last Checked: Oct 30 at 2:36PM
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 Archwater Realty
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This apartment property comprises two structures and was built in 1967. Residents share access to a pool, a washer and dryer, and a small storage shed. The laundry equipment could be converted for coin operation.
The property is fully occupied under annual 12-month leases.
The property is fully occupied under annual 12-month leases.
Key Highlights
- Two structures, built in 1967
- Residents share access to a pool
- Shared washer and dryer, with potential for coin‑op conversion
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$41,852
Cap Rate
5.57%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$837,040
$837.0K
Cap Rate 7%
$597,886
$597.9K
Cap Rate 9%
$465,022
$465.0K
Market Conditions
NOI Build-Up for 3,391 SF
Gross rent
$81.4K $24.00/SF
− Vacancy
−$5.3K −$1.56/SF
EGI
$76.1K $22.44/SF
− OpEx
−$34.2K −$10.10/SF
NOI
$41.9K $12.34/SF
Area
Clearwater, FL
Vacancy
6.50%
Lease Rate
$24.00 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$837,040
Cap Rate 7%
$597,886
Cap Rate 9%
$465,022
Alternative Uses
Best Use
Apartment 5plus
$597.9K
$523.2K – $697.5K
NOI $41,852 @ 7.0% cap · market cap 5.57%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$951.4K
$832.5K – $1.11M
NOI $66,596 @ 7.0% cap · market cap 8.86%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
5
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
706
Businesses Nearby
Explore this area
Business Placement
Demographics for 33763, FL
18,981
Population
11,638
Households
1.6
Avg Household Size
58
Median Age
28%
College-Educated
93%
High-School Grad
3.4 sq mi
ZIP Area
5,583
Density / Sq Mi
$53,552
Median Household Income
$36,730
Median Earnings
$1,447
Median Rent
$215,900
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Apartment building - Two structures offer residents shared laundry facilities and a pool.
Where is this apartment building located?
The property is located at 2335 EVANS Clearwater, FL.
What is the asking price?
The asking price for this property is $752,000.
What are key features of this property?
This property features: Two structures, built in 1967; Residents share access to a pool; Shared washer and dryer, with potential for coin‑op conversion
