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
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
- Address214 HIGHLAND AVENUE CLEARWATER FL
- SubdivisionBOULEVARD HEIGHTS
- CityCLEARWATER
- CountyPinellas
- Zip Code33755
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Courtesy of CAPSTONE REALTY & ASSOCIATES. Disclaimer: All data relating to real estate for sale on this page comes from the Broker Reciprocity (BR) of the Stellar MLS. Detailed information about real estate listings held by brokerage firms other than CENTURY 21 Carioti include the name of the listing broker. Neither the listing company nor CENTURY 21 Carioti shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The Broker providing this data believes it to be correct, but advises interested parties to confirm any item before relying on it in a purchase decision. Copyright 2024. Stellar MLS. All rights reserved.
214 HIGHLAND AVENUE
CLEARWATER, FL
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