Apache Trail Apartments
For sale1705 Apache Trail, Clearwater, FL 33755
Property type
Multifamily
Unit / Space count
18
Price
$1,965,000
Building size
8,509 sf
Rentable area
8,509 SF
Year built
1918
Year renovated
Occupancy
Zoning code
Lot size
0.98 Acres
Bedroom count
Price per Unit
$109,167
Price per SF
$230.93
Property description
Apache Trail Apartments is an 18-unit multifamily community ideally positioned just minutes from Downtown Clearwater, offering investors a well-located asset with a diverse unit mix of studios, one bedroom, and two-bedroom apartments. Current ownership has completed over $249,000 in recent exterior capital improvements, including fresh exterior paint, enhanced landscaping, and upgraded concrete pads and walkways, providing strong curb appeal and limited near-term capital requirements. The property also offers on-site parking and a shared back patio for residents. The property presents a compelling value add opportunity with approximately $14,900+ in annual rental upside through rent increases to market levels, along with the opportunity to execute on light interior enhancements such as white shaker cabinets, granite countertops, new fixtures, and the addition of an on-site laundry facility. Apache Trail Apartments is located just five minutes from Downtown Clearwater’s walkable waterfront lifestyle anchored by Coachman Park, three minutes from the Pinellas Trail, and 11 minutes from Clearwater Beach. The property is also proximate to major employment centers including Morton Plant Hospital, Clearwater Marine Aquarium, and the Gateway Business District, supporting continued rental demand.
Property highlights
- 18-Unit Multifamily Property Ideally Located Near Downtown Clearwater, FL
- Unit Mix Includes Studios, One-Bedroom, and Two-Bedroom Apartments
- Current Ownership has Invested $249,000+ in Recent Exterior Capital Improvements, Including Fresh Exterior Paint, Enhanced Landscaping, and Upgraded Concrete Pads and Walkways
- Value-Add Opportunity with Approximately $14,900+ in Annual Rental Upside Through Rent Increases to Market Levels
- Opportunity to Execute On Continued Light Interior Enhancements Such As White Shaker Cabinets, Granite Countertops, New Fixtures And Potential To Add On-Site Laundry Facility
- Property Amenities Include On-Site Parking and a Shared Back Patio for Residents
- Located just Five Minutes from Downtown Clearwater, Offering a Walkable, Waterfront Lifestyle with Dining, Shopping, and Entertainment Anchored by Coachman Park, Featuring a 4,000-Seat Covered Venue, Walking Trails, Rentable Pavilions, and Playgrounds (1.6 Mi)
- Three Minutes from the Pinellas Trail, a 75- Mile Paved Multi-Use Trail Connecting St. Petersburg to Tarpon Springs, and 11 Minutes from Clearwater Beach, Ranked Best Beach in the South (USA Today 10Best, 2023) and the #15 Best White Sand Beach in the World (Travel + Leisure, 2025)
- Proximate to Major Employment Centers Including Morton Plant Hospital (2.7 Mi), Clearwater Marine Aquarium (3.7 Mi), and the Gateway Business District (15 Mi)
- Convenient Access to US-19 and Interstate 275