Renovated 14-Unit Apartment
For Sale
$2,100,000
309 Avanda Ct, Clearwater, FL 33756
Renovated multifamily community situated in Downtown Clearwater.
Property SizeContact for details
Days on Market102
Property Features for 309 Avanda Ct
General Information
Standard status
Active
Property subtype
Multifamily
Additional Details
Cap Rate
5.87%
Multifamily Units
14
Amenities
Renovated 14-unit apartment community ideally positioned in the rapidly revitalizing Downtown Clearwater submarket
Priced Below Recent Comparable Sales: Pricing is about 15% below the $176,079/unit sales comp average
Desirable unit mix consisting primarily of spacious two-bedroom/one-and-a-half-bathroom floor plans
Significant value-add opportunity to increase Effective Gross Income by approximately 23% through light interior renovations and bringing below-market rents to current market levels
Flexible revenue stream with one unit currently operating as a successful Airbnb, providing the option to continue short-term rental operations or convert to a traditional annual lease
Concrete block construction across all three residential buildings
Attractive combination of in-place cash flow and operational upside, creating an opportunity for immediate income with meaningful future appreciation potential
Less than one mile from Downtown Clearwater, offering walkable access to Cleveland Street's restaurants, breweries, shopping, entertainment and the city's expanding waterfront district
Listed By:
Zach Brown · License #License(s): FL: SL3610867
(813) 387-4762
Source:
Marcusmillichap
Added: Jul 9
Changed: Oct 16
Last Checked: Oct 16 at 5:39AM
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 Zach Brown
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Investment Insights
Based on property information with market context.
This renovated apartment property contains 14 units and is identified as an apartment community serving the multifamily market.
The property is located at 309 Avanda Ct in Clearwater, Florida, within the Downtown Clearwater submarket. The available information supports the building’s apartment configuration, renovation status, and central submarket location.
The property is located at 309 Avanda Ct in Clearwater, Florida, within the Downtown Clearwater submarket. The available information supports the building’s apartment configuration, renovation status, and central submarket location.
Key Highlights
- 14‑unit apartment community
- Renovated apartment property
- Located in the Downtown Clearwater submarket
Property Analytics
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Current Use
Lease Details
14
Residential units
Location Intelligence
Trade Area within ½ mile
1,139
Businesses Nearby
Explore this area
Business Placement
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
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Apartment building - Renovated multifamily community situated in Downtown Clearwater.
Where is this apartment building located?
The property is located at 309 Avanda Ct Clearwater, FL.
What is the asking price?
The asking price for this property is $2,100,000.
What are key features of this property?
This property features: 14‑unit apartment community; Renovated apartment property; Located in the Downtown Clearwater submarket
