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105 Lady Mary Drive
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PRICED AT ONLY: $695,000

Address: 105 Lady Mary Drive, CLEARWATER, FL 33755

Description

REDEVELOPMENT OPPORTUNITY !! Over 1/2 Acre in the City of Clearwater !! CLEAN, WELL MAINTAINED DUPLEX is on level ground, and is currently earning almost $40k in income !! Separate water and electric meters !! Plenty of room for additional outdoor boat and trailer storage, including an outdoor storage building that is 416 Square Feet !! Zoning will allow up to 18 units !! (Code for the Downtown Gateway District is 35 units per acre, up to 45 feet high). If you duplicate what is directly next door, which sold 9/22 for $3,060,000, you could earn market rates as an apartment building which would be $338,400 gross annually !! Close to Downtown Clearwater, and the newly redeveloped Cleveland Street Corridor !! And only 8 minutes to World Famous Clearwater Beach !! Both units are occupied with quality tenants. Please do not disturb. Ask about OWNER FINANCING !!

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  • MLS#: U8209507 ( Residential Income )
  • Street Address: 105 Lady Mary Drive
  • Viewed: 49
  • Price: $695,000
  • Price sqft: $284
  • Waterfront: No
  • Year Built: 1957
  • Bldg sqft: 2444
  • Bedrooms: 3
  • Total Baths: 3
  • Garage / Parking Spaces: 2
  • Days On Market: 524

Description

REDEVELOPMENT OPPORTUNITY !! Over 1/2 Acre in the City of Clearwater !! CLEAN, WELL MAINTAINED DUPLEX is on level ground, and is currently earning almost $40k in income !! Separate water and electric meters !! Plenty of room for additional outdoor boat and trailer storage, including an outdoor storage building that is 416 Square Feet !! Zoning will allow up to 18 units !! (Code for the Downtown Gateway District is 35 units per acre, up to 45 feet high). If you duplicate what is directly next door, which sold 9/22 for $3,060,000, you could earn market rates as an apartment building which would be $338,400 gross annually !! Close to Downtown Clearwater, and the newly redeveloped Cleveland Street Corridor !! And only 8 minutes to World Famous Clearwater Beach !! Both units are occupied with quality tenants. Please do not disturb. Ask about OWNER FINANCING !!
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Features
Building and Construction
  • Covered Spaces: 0.00
  • Exterior Features: Fence, Lighting, Rain Gutters, Sidewalk, Storage
  • Flooring: Terrazzo
  • Living Area: 1833.00
  • Other Structures: Shed(s)
  • Roof: Shingle
Property Information
  • Property Condition: Completed
Land Information
  • Lot Features: City Limits, In County, Landscaped, Level, Near Golf Course, Near Public Transit, Oversized Lot, Sidewalk, Paved
School Information
  • High School: Clearwater High-PN
  • Middle School: Oak Grove Middle-PN
  • School Elementary: Belleair Elementary-PN
Garage and Parking
  • Garage Spaces: 0.00
  • Parking Features: Boat, Covered, Driveway, Guest, Off Street, Oversized
Eco-Communities
  • Water Source: Public
Utilities
  • Carport Spaces: 2.00
  • Cooling: Central Air
  • Heating: Central
  • Sewer: Public Sewer
  • Utilities: Public
Finance and Tax Information
  • Home Owners Association Fee: 0.00
  • Net Operating Income: 0.00
  • Tax Year: 2023
Rental Information
  • Tenant Pays: Electricity, Sewer, Trash Collection, Water
Other Features
  • Appliances: Range, Refrigerator
  • Country: US
  • Furnished: Unfurnished
  • Interior Features: Ceiling Fans(s)
  • Legal Description: BROOKWOOD TERRACE REVISED BLK 1, LOTS 8 & 9 & S 1/2 OF LOT 7
  • Levels: One
  • Area Major: 33755 - Clearwater
  • Occupant Type: Tenant
  • Parcel Number: 15-29-15-12276-001-0080
  • Possession: Close of Escrow
  • Views: 49
Nearby Subdivisions
Bidwells Oak Wood Add   Boulevard Heights   Brookwood Terrace Rev   Hallmark Sub 1st Add   Highland Pines 6th Add   Highland Pines 9th Add   Plaza Park Add Clearwater Impr   Sherwood Forest  
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