214 Highland Avenue, CLEARWATER, FL

$650,000

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3

Beds

4

Baths

2,064

Square feet

0.35

Acres

About 214 Highland Avenue

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 per month, while the 1-bedroom unit could potentially fetch $2,000 per month on VRBO or AIRBNB. The studio, due to previous tenant damages, had been successfully rented on VRBO and Airbnb for $2,200 per 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 per acre, allowing up to 12 units on this particular lot size. Buyers should confirm all permits, building codes, zoning, and leasing restrictions with the City of Clearwater.

Features of 214 Highland Avenue

MLS® # U8241227
Price $650,000
Bedrooms 3
Bathrooms 4.00
Square Footage 2,064
Acres 0.35
Year Built 1952
Type Residential Income
Sub-Type Triplex
Status Active

Community Information

Address 214 Highland Avenue
Area Clearwater
Subdivision BOULEVARD HEIGHTS
City CLEARWATER
County Pinellas
State FL
Zip Code 33755

Amenities

Parking Boat, Driveway
Is Waterfront No
Has Pool No

Interior

Interior Features Ceiling Fans(s), Primary Bedroom Main Floor
Heating Electric, Wall Units / Window Unit
Cooling Central Air, Wall/Window Unit(s)
Fireplace Yes
Fireplaces Wood Burning

Exterior

Exterior Features Fence, Storage
Lot Description City Limits, Oversized Lot, Paved
Roof Shingle
Foundation Crawlspace, Stem Wall

School Information

Elementary Skycrest Elementary-PN
Middle Oak Grove Middle-PN
High Clearwater High-PN

Additional Information

Date Listed May 6th, 2024
Days on Market 74
Foreclosure No
Short Sale No
RE / Bank Owned No

Listing Details

OfficeCAPSTONE REALTY & ASSOCIATES

Listing Map

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