Prospect Towers

Prospect Towers

Price: $ 13,500,000

Total Number of Units: 208

Address: 801 Chestnut Street, Clearwater, FL 33756

  • $508 spread between Prospect Towers Pro Forma rents and The Nolen’s one-bedroom average rent
  • 33% average effective rent growth since 2016
  • Potential for $71,708 increase in Effective Gross Income by continuing the recently implemented cable reimbursement program
  • Potential for a $53,835 increase in Effective Gross Income by implementing a $25 per month flat fee for water and sewer
  • Significant capital improvements made in last five years including new air handlers, elevator rehabilitation, and an upgraded amenity package

Lead Agent(s): Francesco P. Carriera or Michael P. Regan

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Location Highlights

  • Five-Minutes from Clearwater Beach – #1 Beach in the U.S – TripAdvisor 2018
  Prospect Towers from Carriera Regan on Vimeo.

Additional Photos