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.
MLS# | U8241227 |
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Listing Type | For Sale |
Style | Town House |
Sub-Type | For-sale |
Status | Active |
Year | 1952 |
Days On Site | 153 |
Listing Provided By | CAPSTONE REALTY & ASSOCIATES | Nikky Yang Victorino |
Bed(s) | 3 |
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Bath(s) | 4 |
SQ Feet | 2,064 |
Units | 1 |
Acreage | 0.35 |
State | FL |
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County | Pinellas |
City | CLEARWATER |
Zip Code | 33755 |
Area | 33755 Clearwater |
Community Name | BOULEVARD HEIGHTS |
School District | Clearwater High-PN |
Elementary School | Skycrest Elementary-PN |
Middle School | Oak Grove Middle-PN |
High School | Clearwater High-PN |
Listing VS Median (in BOULEVARD HEIGHTS) | |
Price: $599,000 low | high Med: $170,000 SqFt: 2,064 low | high Med: 619 $ / SqFt: $290 low | high Med: $275 On Site: 153 low | high Med: 219.000000 |