Spanish Gardens
Closed1338 Pierce St, Clearwater, FL 33756
Property type
Multifamily
Unit / Space count
16
Price
$863,000
Building size
11,144 sf
Rentable area
11,144 SF
Year built
1972
Year renovated
Occupancy
Zoning code
Lot size
0.26 Acres
Sold/status
Sold · Date unknown
Sale price
$863000
Bedroom count
Property description
Spanish Gardens is a 16-unit value-add opportunity located in the heart of Clearwater, Florida. The property was constructed in 1972 with concrete block framing and stucco exterior. The unit mix at Spanish Gardens consists of 8 one-bedroom one-bathroom floor plans, 6 two-bedroom one-and-a-half-bathroom floor plans, and 2 three-bedroom one-and-a-half-bathroom floor plans. The property is centrally located in Pinellas County, the most densely populated county in the state of Florida. Just a few blocks from the downtown area, residents at Spanish Gardens enjoy convenient access to all that Clearwater has to offer, including its world-renowned beaches. Spanish Gardens is a value-add multifamily opportunity with immediate upside as rents are at the bottom of the market.
Property highlights
- All Cash Transaction Contract to Closing in 37 Days
- Buyer Implementing a Value-Add Renovation Plan to Reposition Property
- Franklin Street Generated Significant Amount of Buyers Still Seeking Pinellas County Assets