1511 Cambridge Dr. #1-21, Clearwater, FL 33756

Cambridge Green is a 21 condominium community located in Clearwater, FL. The current owner will transfer all 21 separately deeded condos to the new buyer. The property is currently being operated as an apartment complex. The future owner could have condo documents drafted at a reasonable price.
The property was constructed in 1984 and consists of three villas style one story buildings. Making it ideal for tenants who might shy away from complexes with multiple stories due to noise concerns.
The buildings are comprised of four studio units with 380 square feet, 15 one-bedroom, one-bathroom units with 600 square feet, and two two-bedroom, one-bathroom units with 800 square feet.
All units have central air conditioning and the buildings sit on almost 1.5 acres of land in the heart of Pinellas County. Amenities include an on-site laundry facility and ample on-site parking. 

This is an excellent opportunity to acquire a very well maintained asset. Due to its hands on management the property has operated above the average occupancy rate and is fully rented. The new owner will benefit from immediate income and could ultimately increase the below market rents.

Cambridge Green is located in Clearwater, Florida in Pinellas County. Pinellas is currently the most densely populated county in the state of Florida. The area has several nationally recognized beaches and tons of golf courses all within 5 miles. The property is located between Gulf to Bay (60) and East Bay.