214 Highland Avenue, CLEARWATER, FL 33755
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  • 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
  • mfrmls
  • DMCA Notice
  • Description
    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.
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