214 S HIGHLAND Ave, Clearwater, FL 33755

Located in the Downtown Gateway area of Clearwater, this triplex presents an investment or development opportunity on a 15,033 sq ft corner lot. The property is zoned to allow for the development of up to 7-8 additional units. The triplex includes three units. Unit 214B is a 2-bedroom, 1.5-bath residence featuring hardwood floors, a master suite with a walk-in closet, and a bonus room with a fireplace, and rents for $2,500/month. Unit 212 is a 1-bedroom, 1-bath unit with separate electric and water meters, suitable for long-term tenants ($1600) or short-term rentals, with the potential to generate up to $2,000/month. Unit 214A is an efficiency/studio unit with a full bath, previously generating up to $2,200/month on Airbnb/VRBO or $1300 for long-term rental. The property has availability for RV and jet ski parking to generate up to $2500 monthly. Shared utilities exist between Units 214A and 214B, while Unit 212 has independent meters. The 2-bedroom unit has central A/C installed in 2004, with a mix of central and window units throughout the property. The roof was replaced in 2017. A detached storage shed/workshop is located on the vacant portion of the lot. The property is zoned for up to 35 units per acre, potentially allowing for up to 10 residential units. The bike score is 51, indicating it is bikeable, the walk score is 56, indicating it is somewhat walkable, and the transit score is 29, indicating some transit options are available.