THE WILDWOOD APARTMENTS IN DOWNTOWN CLEARWATER (18-UNITS) FOR SALE!

600 Wildwood Way, Clearwater, FL 33756

Property Information

  • For Sale $3,270,000
  • Property Type Multi-Family
  • Property Size 18,540 SF
  • Units 18
  • Lot Size 0.54 Acre
  • Parking Spaces Avail. 40
  • Property Tenancy Single Tenant
  • Year Built 1972
  • Year Renovated 2026
  • Date Updated Nov 5, 2026

Description

LOCATED IN CLEARWATER, FL, MINUTES FROM WORLD-FAMOUS CLEARWATER BEACH!

Highlights

  • 18-UNIT APARTMENT COMPLEX IN CLEARWATER, FL!
  • 2026 CAP RATE: 6.1%
  • 2027 CAP RATE: 7%
  • 2029 CAP RATE: 8%
  • CLEARWATER, FL IS THE FASTEST GROWING MARKET IN THE TAMPA/ST. PETE AREA!
  • CURRENT RENTAL RATES ARE APPROXIMATELY $150-$300 BELOW THE MARKET AVERAGE RENTAL RATE!
  • LARGE PARKING LOT IN FRONT OF THE BUILDING FOR TENANTS AND GUESTS!
  • MINUTES FROM WORLD-FAMOUS CLEARWATER BEACH!
  • SEVERELY BELOW-MARKET RENTAL RATES IN PLACE AT THE PROPERTY, GIVING THE BUYER MASSIVE UPSIDE POTENTIAL IN THE FUTURE!
  • THE PROPERTY IS IN FANTASTIC CONDITION WITH MANY RECENT UNIT UPDATES!
  • UNIT UPDATES INCLUDED: NEW FLOORING, NEW KITCHENS, UPDATED HVAC UNITS, NEW ELECTRICAL PANELS, NEW APPLIANCES, AND MUCH MORE!

Contacts

Location

Located at 600 Wildwood Way, Clearwater, FL 33756, this property is part of the Bellevue Lake neighborhood and Tampa St Petersburg Clearwater market.

  • 44/100 Car-Dependent
  • 36/100 Some Transit
  • 72/100 Very Bikeable
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