“This was an excellent opportunity for a private investor to purchase a 5-Unit multifamily property in a demographically sound community of Clearwater, FL, located in the middle of Pinellas county, walking distance to Countryside Mall, close to grocery stores, restaurants, and beaches. The value-add component allows for the buyer to integrate additional upgrades and rent-roll increases and the sale allows for the seller to participate in additional investments”, notes Kurt Westfield, Director.
Andrew Cutrona handled the underwriting and worked with the buyer to facilitate a quick closing.
Cutrona, of Blue Peak Realty, will handle the property management and aims to successfully integrate improvements and rent rate increases thru the ownership period.
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About Blue Peak Realty:
Blue Peak Realty serves as the retail branch of an otherwise commercially-focused investment brand, anchored by WC Equity Group.
WC Equity Group maintains a solid presence in contributing to expert panel discussions, research & analysis, real estate education, press consult, and general market updates. Our investment insight permits us to provide clear and transparent metrics, thereby allowing our clients to make informed and intelligent decisions.