Lakeview & Westbridge
Closed620 South Betty Lane & 700 S Betty Lane, Clearwater, FL 33756
Property type
Multifamily
Unit / Space count
24
Price
$1,700,000
Building size
20,047 sf
Rentable area
20,047 SF
Year built
Year renovated
Occupancy
Zoning code
Lot size
0.43 Acres
Sold/status
Sold · Date unknown
Sale price
$1700000
Bedroom count
Property description
Lakeview and Westbridge is a 24-unit multifamily community in Clearwater, FL. The property was built in 1965-1966 with concrete block construction. The unit mix features 18 1Bdr 1Baths, 2 2Bdr 1Baths, 2 2Bdr 2Baths, and 2 3Bdr 2Baths. The property is located just 2 blocks from major thoroughfares Gulf to Bay Blvd (SR 60) and Missouri Ave (Alt 19) with a variety of retail and shopping destinations. The property is less than 1 mile to a Publix Supermarket (0.9 mi) and just a 10-minute drive to world famous Clearwater Beach, recently ranked #1 Beach in the United States. This portfolio offers the investor an excellent value-add opportunity to purchase a well-built asset in a high-growth market with upside through rent growth and management efficiencies.
Property highlights
- Closed at Full Asking Price! - Generated 8 Competitive Offers in 5 Days
- Buyer Implementing Value-Add Strategy Through Interior Improvements
- Solid Concrete Block Construction with 1, 2, & 3 Bedroom Floor Plans
- Located 10-Minutes from World-Famous Clearwater Beach, Ranked #1 Beach in the US