214 HIGHLAND AVENUE CLEARWATER FL 33755 MLS #U8241227

214 HIGHLAND AVENUE
CLEARWATER, FL, 33755
$599,000
3 Beds
4 Baths
2,872 SqFt
0.35 Acres
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Great opportunity for cash flow on a corner lot triplex or potential development on this 15,033 sqft corner lot! The triplex will need some TLC. It features a diverse unit mix: a 2-bedroom, 1.5-bath unit (#214B), a 1-bedroom, 1-bath unit (#212), and an efficiency/studio with a bathroom (#214A). The 2-bedroom unit was generating $2,200/month, while the 1-bedroom unit could potentially fetch $2,000/month on VRBO or AIRBNB. The studio, due to previous tenant damages, had been successfully rented on VRBO and Airbnb for $2,200/month (Rental Restriction in Clearwater is 30 days minimum rental). Units 214A and 214B share electric and water meters, and unit 212 has separate meters. The main 2-bedroom unit features hardwood floors and a master suite with a walk-in closet. The bonus room, complete with a fireplace, offers a versatile space that can be used as a game room or an office. The properties include central and window A/C units, with the central A/C for unit 214B (2004). The roof was replaced in 2017. Additionally, there is a storage shed/workshop on the vacant lot. For developers, this property is situated in the Downtown Gateway area, where the maximum residential density is 35 units/acre, allowing up to 10 units on this particular lot size. Buyers should confirm all permits, building codes, zoning, and leasing restrictions with the City of Clearwater.

Property Details

Price:
$599,000
MLS #:
U8241227
Status:
Active
Beds:
3
Baths:
4
Address:
214 HIGHLAND AVENUE
Type:
Multi Family
Subtype:
Triplex
Subdivision:
BOULEVARD HEIGHTS
Neighborhood:
33755 – Clearwater
City:
CLEARWATER
Listed Date:
May 6, 2024
State:
FL
Finished Sq Ft:
2,872
Total Sq Ft:
2,872
ZIP:
33755
Lot Size:
15,033 sqft / 0.35 acres (approx)
Year Built:
1952
Units:
1
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Schools

Elementary School:
Skycrest Elementary-PN
Middle School:
Oak Grove Middle-PN
High School:
Clearwater High-PN

Interior

Cooling
Central Air, Wall/ Window Unit(s)
Flooring
Hardwood
Heating
Electric, Wall Units / Window Unit
Laundry Features
In Garage

Exterior

Construction Materials
Wood Frame
Exterior Features
Fenced, Storage
Parking Features
Boat, Driveway
Roof
Shingle

Financial

Tax Year
2023
Taxes
$6,435

Map

Community

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214 HIGHLAND AVENUE
CLEARWATER, FL