$695,000
Reduced $53,000
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 !!
Listed by Luke Palmer, .
Property Highlights
- Property Type: Multi Family, Duplex
- MLS #: U8209507
Room Information
| Furnished | Unfurnished |
| Total Baths | 3 |
| Total Beds | 3 |
Property Features
| Interior Square Footage | 1,833 |
| Lot Size Acres | 0.53 |
| Lot Size Square Feet | 23,122 |
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