Property
Beds
8
Full Baths
8
1/2 Baths
None
Year Built
1938
Sq.Footage
5,058
***CALLING ALL INVESTORS - 10% CAP RATE*** BEACH/OCEAN VIEWS!!! TURN-KEY, 8-UNIT FULLY FURNISHED SHORT TERM RENTALS - JUST 10 STEPS FROM THE WHITE SANDS & CRYSTAL CLEAR WATERS OF CLEARWATER BEACH!!! Welcome to an incredible investment opportunity in the heart of Clearwater Beach. This fully furnished, turn-key, 8-unit short-term rental property boasts breathtaking beach and ocean views. With its prime location, recent renovations, high occupancy rates, and potential revenue, this property is a dream investment for savvy investors. This two-story building houses 8 fully remodeled units, each thoughtfully designed and meticulously furnished. The interiors have been updated with new appliances, quartz counter-tops, luxury vinyl plank flooring, fresh paint, modern showers/tubs, plumbing, and the list goes on. The fully stocked kitchens make it effortless for guests to feel at home during their stay. Additionally, there are storage areas, common area washers and dryers, and an elevated courtyard with a grill and lounge chairs for guests' enjoyment. Strategically located, this property offers guests the convenience of being a stroll away from a variety of restaurants, bars, shops, the marina, and popular tourist spots like Pier 60. Guests can enjoy leisurely walks to nearby beachfront restaurants and the white sands and crystal-clear waters of Clearwater Beach, making their stay truly unforgettable. This property boasts consistently high occupancy rates exceeding 90% since its conversion to short-term rentals. The market demand for upscale accommodations in this desirable location ensures a steady stream of guests seeking a luxurious beachfront getaway. The projected gross revenue for the upcoming year is anticipated to exceed $650,000, further highlighting the incredible revenue potential of this investment. Adding to its appeal, the property is zoned as "T - Tourist," allowing for nightly rentals, maximizing its income-generating potential. This unique zoning enables owners to fully capitalize on the popularity of Clearwater Beach as a top vacation destination. Don't miss out on this remarkable investment opportunity. Whether you are an experienced investor looking to expand your portfolio or a first-time investor seeking a turn-key income property, this beachfront 8-unit short-term rental property is an exceptional choice. Get ready to embark on a lucrative investment journey in Clearwater Beach!
Features & Amenities
Interior
-
Other Interior Features
Built-in Features, Crown Molding, Eat-in Kitchen, Open Floorplan
-
Total Bedrooms
8
-
Bathrooms
8
-
Cooling YN
YES
-
Cooling
N/A
-
Heating YN
YES
-
Heating
Central, Electric
-
Pet friendly
N/A
Exterior
-
Garage
No
-
Construction Materials
Block, Vinyl Siding
-
Other Exterior Features
Balcony, Courtyard, Lighting, Outdoor Grill, Outdoor Shower, Rain Gutters, Storage
-
Pool
No
-
Waterfront YN
NO
-
View
Beach, Water
Area & Lot
-
Lot Size(acres)
0.1
-
Property Type
Residential
-
Property Sub Type
Single Family Residence
Price
-
Sales Price
$5,199,500
-
Tax Amount
20587.21
-
Zoning
T-TOURIST
-
Sq. Footage
5, 058
-
Price/SqFt
$1,027
HOA
-
Association
No
School District
-
Elementary School
N/A
-
Middle School
N/A
-
High School
N/A
Property Features
-
Stories
2
-
Foundation Details
Slab
-
Ownership
Fee Simple
-
Sewer
Public Sewer
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Location
County
Pinellas
Elementary School
Middle School
High School
Listing Courtesy of Ali Soofi , REALTY ONE GROUP ADVANTAGE
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