Michaelson Real Estate Group, LLC and a Private Equity Investor Acquire Coachman Club Apartments in Clearwater, Florida.

Michaelson Real Estate Group, LLC (“Michaelson”) and a private equity investor have acquired Coachman Club Apartments, a 72-unit multihousing community in Clearwater, Florida. The asset enjoyed 96% occupancy at the time of purchase.

“Florida remains one of the nation’s best places to invest in real estate, and Clearwater is a great place to own investment property,” says Mike Moses the Principal and CEO. The Tampa-St. Petersburg-Clearwater Metro area, all of which surround Tampa Bay, has become a favorite for real estate investors like Michaelson.

Built in 1986, Coachman Club features two-bedroom/two-bath apartments with 950 square feet of living space. The community features fully equipped kitchens with dishwashers and frost-free refrigerators, upgraded counters and cabinets, open floor plans, upgraded lighting, large walk-in closets and carpet/wood-look vinyl floors. The property also boasts a superior amenity package including a sparkling pool, laundry facility, clubhouse and beautiful landscaping.

Coachman Club has easy access to US Route 19 and State Road 60. It is minutes from Clearwater Beach and a short commute to Tampa Bay and St. Petersburg.

Michaelson’s current portfolio includes over 15,000 multifamily units in Florida, Texas and Tennessee. Michaelson has been focused on the Orlando and Tampa market in recent years, closing on 36 properties in the past twelve months.