214 Highland AVENUE, Clearwater, FL, 33755
3 beds
1952
2,064 sqft
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 per month, while the 1-bedroom unit could potentially fetch $2,000 per month on VRBO or AIRBNB. The studio, due to previous tenant damages, had been successfully rented on VRBO and Airbnb for $2,200 per 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 per acre, allowing up to 12 units on this particular lot size. Buyers should confirm all permits, building codes, zoning, and leasing restrictions with the City of Clearwater.
Status:
Active
Type:
Multi-family
Laundry Remarks:
In Garage
Units:
1
Subdivision:
BOULEVARD HEIGHTS
Garage:
Boat, Driveway
Heating:
Electric, Wall Units / Window Unit
Cooling:
Central Air, Wall/Window Unit(s)
Lot Size:
83 x 110
Acreage:
0.35
Est. Taxes:
$6,435
Construction
Wood Frame
Utilities
Cable Available, Electricity Available, Sewer Available, Water Available
Lot Description:
City Lot, Oversized Lot
Elementary School:
Skycrest Elementary-PN
Middle School:
Oak Grove Middle-PN
High School:
Clearwater High-PN
Days on Market:
2
Pet Policy:
Yes
MLS #:
U8241227
Community Info
School Info
Walk Score
Yelp
Similar Properties
New or Coming Soon Properties
Listing courtesy of CAPSTONE REALTY & ASSOCIATES Phone: 727-301-7855