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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.
| DAYS ON MARKET | 196 | LAST UPDATED | 7/22/2024 |
|---|---|---|---|
| TRACT | BOULEVARD HEIGHTS | YEAR BUILT | 1952 |
| COMMUNITY | 33755 - Clearwater | COUNTY | Pinellas |
| STATUS | Active | PROPERTY TYPE(S) | Multi Family |
| Elementary School | Skycrest Elementary-PN |
|---|---|
| Jr. High School | Oak Grove Middle-PN |
| High School | Clearwater High-PN |
| PRICE HISTORY | |
| Prior to Jul 22, '24 | $650,000 |
|---|---|
| Jul 22, '24 - Today | $599,000 |
| ADDITIONAL DETAILS | |
| AIR | Central Air, Wall/Window Unit(s) |
|---|---|
| AIR CONDITIONING | Yes |
| AREA | 33755 - Clearwater |
| BASEMENT | Crawl Space |
| EXTERIOR | Storage |
| FIREPLACE | Yes |
| HEAT | Electric |
| LOT | 0.35 acre(s) |
| LOT DESCRIPTION | Paved |
| LOT DIMENSIONS | 83x110 |
| PARKING | Boat, Driveway |
| SEWER | Public Sewer |
| SUBDIVISION | BOULEVARD HEIGHTS |
| TAXES | 6434.81 |
| UTILITIES | Cable Available, Electricity Available, Sewer Available, Water Available |
| WATER | Public |
MORTGAGE CALCULATOR
TOTAL MONTHLY PAYMENT
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Listing provided by Nikky Yang Victorino, CAPSTONE REALTY & ASSOCIATES, 727-301-7855
The information contained herein has been provided by My Florida Regional MLS DBA Stellar MLS. IDX information is provided exclusively for consumers' personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the MLS. Listings last updated 11/14/24 2:05 PM PST.
This IDX solution is (c) Diverse Solutions 2024.