Description
Huge opportunity for cashflow and building more units on the additional vacant lot (triplex)! The unit mix of the corner lot triplex consists of a 3br/1.5ba unit (unit #214B), 1br/1ba unit (unit #212) and an efficiency/studio with bathroom (unit #214A). The main lot is zoned for multifamily 10 units or less. The adjacent vacant lot next door is also buildable. The 3br unit is currently tenant occupied @$2,200/month, the 1br unit #212 is owner occupied but can be rented out on VRBO @$2,000 and the studio/efficiency is unoccupied due to tenant damages but was previously rented on VRBO and AirBnB for $2200/month. Units 214 A&B are on the same electric and water meters, and unit 212 is on its own separate electric and water meters. The main 3br unit boasts natural hardwood flooring throughout, with a master suite with walk-in closet and fireplace or could be used as bonus/game room or yoga studio. The units operate on central A/C and window units. The central A/C for unit 214B is year 2004. The entire roof system for total structure was replaced in 2017. There is a storage shed/workshop structure on the vacant lot. Tenant & Owner occupied unit will require advanced notice to view. Buyer must verify all permitting, building, zoning and leasing restrictions with the City of Clearwater.
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0BEDS
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0.35ACRES
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0BATHS
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01/2 BATHS
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2,592SQFT
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$251$/SQFT
School Ratings & Info
Description
Huge opportunity for cashflow and building more units on the additional vacant lot (triplex)! The unit mix of the corner lot triplex consists of a 3br/1.5ba unit (unit #214B), 1br/1ba unit (unit #212) and an efficiency/studio with bathroom (unit #214A). The main lot is zoned for multifamily 10 units or less. The adjacent vacant lot next door is also buildable. The 3br unit is currently tenant occupied @$2,200/month, the 1br unit #212 is owner occupied but can be rented out on VRBO @$2,000 and the studio/efficiency is unoccupied due to tenant damages but was previously rented on VRBO and AirBnB for $2200/month. Units 214 A&B are on the same electric and water meters, and unit 212 is on its own separate electric and water meters. The main 3br unit boasts natural hardwood flooring throughout, with a master suite with walk-in closet and fireplace or could be used as bonus/game room or yoga studio. The units operate on central A/C and window units. The central A/C for unit 214B is year 2004. The entire roof system for total structure was replaced in 2017. There is a storage shed/workshop structure on the vacant lot. Tenant & Owner occupied unit will require advanced notice to view. Buyer must verify all permitting, building, zoning and leasing restrictions with the City of Clearwater.
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