For Sale
$6,500,000

302 Shr DrLongboat Key, FL 34216

Seven-unit value-add opportunity in Florida

Overview

Added:
Dec 11, 2024
Days on market:
114
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.

Highlights

  • Prime Clearwater Beach location, a top US tourist destination.
  • Walkable to beaches, shopping, dining, and entertainment.
  • Easy access to major highways and Tampa International Airport (TIA).
  • High short-term rental income potential from robust tourism.
  • Consistently ranked among top US beaches.
  • Year-round demand due to Florida's climate and attractions.

Property Details for 302 Shr Dr

Property type
Residential income homes
Units
7

Location Insight

City
Longboat Key
County
Manatee
State
Florida
Latitude
27.5291348
Longitude
-82.736969
302 Shr Dr, Longboat Key, Florida

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302 Shr Dr
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