408 S Aurora Ave., Clearwater, FL 33765

Rare chance to purchase a stabilized and recently renovated mixed-use (Apartments & Office) property in the heart of Clearwater at a real 8% CAP rate. Property consists of a stand-alone 2,500 sq. ft. office building and a 6 unit apartment building. Apartments units are in high demand and have a waiting list. 
The property has undergone many recent improvements, including many new HVAC systems (7 of the 8 have been replaced), newer roof on both structures, new exterior paint, energy efficient lighting, upgraded electric panels in office, etc.
Office property is comprised of two (2) rental suites. #1 is approximately 1,500 sq. ft. of usable space and #2 is 1,000 sq. ft. The Apartment building consists of six (6) very nicely appointed studio units all which have walk in closets, energy efficient mini-split HVAC units, full appliances, etc. These units stay on a waiting list and don't come available very often. All tenants have passed background checks and are on a 12 month lease. 
There is a brand new 10k sq. ft. $8 million dollar surgery center that was just built directly across the street (same parcel location but opposing side of street) meaning that there might be a demand for a future redevelopment opportunity. Cash Flow now and then redevelop into a higher and better use.
This has been a great investment for the current owners and are only selling so that they can focus on other investment opportunities. Owners will consider holding 1st position seller financing with 50% down for qualified buyers.