302 Shr Dr Longboat Key, FL 34216

Property Details for 302 Shr Dr

Property type

Residential income homes

Description

This exceptional investment portfolio comprises seven single-family rental properties strategically located across prime areas of the Florida Gulf Coast, including Longboat Key and Clearwater Beach. The portfolio presents a compelling value-add opportunity, with several properties offering significant potential for renovation and increased rental income. One property, a grandfathered duplex in Anna Maria, boasts 4400 square feet and can be converted into a single-family home, significantly increasing its after-repair value (ARV). This property also benefits from an existing bridge loan with a construction holdback, providing financial flexibility for the buyer. Clearwater Beach properties offer various renovation or rebuild options, with ARVs ranging from $900,000 to over $3.5 million depending on the chosen strategy. These properties are situated near world-renowned beaches, offering high rental demand and strong potential for short-term vacation rentals. Clearwater Beach's thriving tourism industry, coupled with its proximity to major attractions and convenient access to Tampa International Airport, ensures a robust rental market and consistent appreciation. The portfolio's diverse properties provide flexibility for various investment strategies, catering to both short-term and long-term rental income generation. The favorable Florida tax environment further enhances the investment's attractiveness. This portfolio represents a unique opportunity to acquire a diversified collection of properties in high-demand locations with substantial upside potential. The asking price for this exceptional portfolio is $6,500,000.

Location Insight

City

Longboat Key

County

Manatee

State

Florida

Longitude

-82.737

Latitude

27.5291