214 Highland Avenue, CLEARWATER, FL 33755
- MLS#: U8241227 ( Residential Income )
- Street Address: 214 Highland Avenue
- Viewed: 26
- Price: $599,000
- Price sqft: $209
- Waterfront: No
- Year Built: 1952
- Bldg sqft: 2872
- Bedrooms: 3
- Total Baths: 4
- Days On Market: 245
- Additional Information
- Geolocation: 27.9687 / -82.7756
- County: PINELLAS
- City: CLEARWATER
- Zipcode: 33755
- Subdivision: Boulevard Heights
- Elementary School: Skycrest Elementary PN
- Middle School: Oak Grove Middle PN
- High School: Clearwater High PN
- Provided by: CAPSTONE REALTY & ASSOCIATES
- Contact: Nikky Yang Victorino
- 727-301-7855
- DMCA Notice
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DescriptionGreat 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.