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214 Highland Avenue
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PRICED AT ONLY: $599,000

Address: 214 Highland Avenue, CLEARWATER, FL 33755

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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More Like This
  • MLS#: U8241227 ( Residential Income )
  • Street Address: 214 Highland Avenue
  • Viewed: 10
  • Price: $599,000
  • Price sqft: $209
  • Waterfront: No
  • Year Built: 1952
  • Bldg sqft: 2872
  • Bedrooms: 3
  • Total Baths: 4
  • Days On Market: 232

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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Features
Building and Construction
  • Covered Spaces: 0.00
  • Exterior Features: Fence, Storage
  • Flooring: Wood
  • Living Area: 2064.00
  • Roof: Shingle
Property Information
  • Property Condition: Fixer
Land Information
  • Lot Features: City Limits, Oversized Lot, Paved
School Information
  • High School: Clearwater High-PN
  • Middle School: Oak Grove Middle-PN
  • School Elementary: Skycrest Elementary-PN
Garage and Parking
  • Garage Spaces: 0.00
  • Parking Features: Boat, Driveway
Eco-Communities
  • Water Source: Public
Utilities
  • Carport Spaces: 0.00
  • Cooling: Central Air, Wall/Window Unit(s)
  • Heating: Electric, Wall Units / Window Unit
  • Pets Allowed: Yes
  • Sewer: Public Sewer
  • Utilities: Cable Available, Electricity Available, Sewer Available, Water Available
Finance and Tax Information
  • Home Owners Association Fee: 0.00
  • Net Operating Income: 0.00
  • Tax Year: 2023
Other Features
  • Country: US
  • Interior Features: Ceiling Fans(s), Primary Bedroom Main Floor
  • Legal Description: BOULEVARD HEIGHTS BLK D, LOTS 4 & 5 & S 28FT OF LOT 3 & S 10FT OF LOT 24
  • Area Major: 33755 - Clearwater
  • Occupant Type: Vacant
  • Parcel Number: 14-29-15-10476-004-0040
  • Views: 10
Nearby Subdivisions
Bidwells Oak Wood Add   Boulevard Heights   Brookwood Terrace Rev   Hallmark Sub 1st Add   Highland Pines 6th Add   Highland Pines 9th Add   Marshalls E A Sub   Pine Crest Sub   Plaza Park Add Clearwater Impr   Sherwood Forest   Woodmere Heights  
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