302 Shr DrLongboat Key, FL 34216

Property Details for 302 Shr Dr

Property type

Investment properties

Property subtype

Multifamily properties

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

Latitude

27.5291

Longitude

-82.737

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].