Property Details

ClearView Residences (USA)

Size

14 Units 8200 SQF

Location

South Tampa – Palma Ceia / Golf View neighborhood.

Number of Units

14

Class

TBD

Year Built

1958

Acquisition Year

2024

Year Renovated

2024

Ownership Structure

Owned Outright

investment Strategy

Value Add

ClearView Residences (USA)

A South Tampa repositioning story
Clearview Residences is a 14-unit multifamily portfolio spanning three adjacent addresses in the heart of the Golfview submarket — one of Tampa’s most supply-constrained and desirable residential corridors. The portfolio comprises 12 one-bedroom units at 550 SF and 2 two-bedroom units at approximately 800 SF. Acquired off-market in late 2024, the asset presented a clear opportunity to elevate physical condition, align rents to submarket fundamentals, and build a stronger, long-term resident base.

Specs:

  • Location: South Tampa
  • Total Units: 14 Residential
  • Acquisition: Off-Market, Nov 2024
  • Acquisition Price: $2,450,000
  • Submarket: Golfview / Hyde Park
  • Walk Score: 82 — Very Walkable
  • Buildings: 3 Structures
  • Unit Mix: 12 × 1BR · 2 × 2BR
  • Unit Sizes: 1BR/1BA — 550 SF · 2BR/1BA — ~800 SF
Avg Rent Increase
Top Rent Achieved
Unites Renovated
Total Revenue

Why We Invested

Three reasons we moved with conviction

  1. Off-Market Access in a Constrained Submarket Sourced directly before reaching the open market, giving us the ability to underwrite at acquisition pricing unavailable to most buyers. The Golfview corridor sees very limited multifamily turnover — this type of access is rare.
  2. Clear Rent Upside Against Submarket Comparables In-place rents were materially below what upgraded units in the immediate area were achieving. A targeted renovation program had a clear, quantifiable path to bridging that gap — without relying on speculative market growth.
  3. Structural Demand in One of Tampa’s Most Resilient Zip Codes 33629 consistently ranks among Tampa’s most sought-after residential zip codes. Proximity to Hyde Park, South Howard, and Bayshore Boulevard underpins durable rental demand across market cycles.
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