Dreznin Pappas Commercial Real Estate

Investment Highlights

Bella Rosa, a concrete Masonry/Block construction property, offers a lucrative investment opportunity with its recent updates, including $85,000+ investment in newer hurricane impact windows and electrical updates. Prospective purchasers are encouraged to arrange property tours with the Dreznin Pappas commercial real estate listing agents. At no time shall the tenants, on-site management or staff be contacted without prior approval or should anyone approach the property without prior authorization.
The building consists of eight (8) One Bedroom / One bath apartments, and Two (2) Two Bedroom / One Bath apartments, presenting a value-add purchase with potential long term upside in rents.
With parking for tenants and visitors, water, sewer, and trash included in the price, there is an opportunity to increase rental income by approximately ($25+ /mo to $75+) /mo per unit below market rates.
Beyond the current rental income, there are additional revenue streams waiting to be tapped at Bella Rosa. Consider implementing pet fees for smaller pets, which are currently welcome with restrictions, to boost your income. Moreover, offering on-site laundry facilities can provide another avenue for generating revenue. By potentially passing through Water/Sewer costs to tenants, you can optimize expenses and enhance this property's financial performance.

Location Highlights

Centrally located, Bella Rosa is moments from Clearwater High School and is ideally located east of Downtown Clearwater between two major hospitals in Clearwater and Dunedin. The pedestrian-friendly Cleveland Street District has eateries serving foods from many countries around the world, plus wine bars, casual pubs, fine dinning and many well know restaurants. All within a 10 minute drive from this property!
Clearwater has experienced a population growth greater than 6% since the year 2000 and is expected to experience even further explosive growth with current trends showing 1,000 people moving to Florida every day. Median household incomes are up over 14% while property values have increased nearly 105% since 2000. Clearwater is primed to see continued growth in all areas of the local economy which will certainly benefit the Subject Property.
Convenient access to US-19 and SR-60 makes for easy travel throughout the Tampa/St. Pete MSA. 20 Minutes to Tampa Airport, Hyde Park, Downtown Tampa, Westshore Mall. Less than 30 minutes to Downtown St. Petersburg, The St. Pete Pier, The Vinoy, etc
**Location Highlights:** Located in Clearwater, rated one of America's best beaches, Bella Rosa offers more than just a profitable investment. With a vibrant downtown, waterfront parks, top-notch dining options, and entertainment venues nearby, this property is situated in a prime location. Residents can enjoy the city's cultural hub, galleries, performing arts venues, music festivals at Waterfront Coachman Park, and the expansive Pinellas Trail for biking and walking, all within a short distance of the stunning white sands of Clearwater Beach.