200 Bayshore Boulevard, CLEARWATER, FL 33759
Priced at Only: $729,000
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- MLS#: TB8353085 ( Residential Income )
- Street Address: 200 Bayshore Boulevard
- Viewed: 3
- Price: $729,000
- Price sqft: $208
- Waterfront: No
- Year Built: 1973
- Bldg sqft: 3511
- Garage / Parking Spaces: 2
- Days On Market: 7
- Additional Information
- Geolocation: 27.9628 / -82.7049
- County: PINELLAS
- City: CLEARWATER
- Zipcode: 33759
- Subdivision: Bayedge Terrace
- Elementary School: Safety Harbor Elementary PN
- Middle School: Safety Harbor Middle PN
- High School: Countryside High PN
- Provided by: COASTAL PROPERTIES GROUP INTERNATIONAL
- Contact: Scott Dailey
- 727-493-1555
- DMCA Notice
Description
Prime Investment Opportunity! This property is ideally located just 2 minutes from downtown Safety Harbor and across from the Bayshore Pedestrian Trail, walking distance to Nova Southeastern University, 15 minutes from Tampa International Airport, and 20 minutes from the Gulf beachesoffering a major advantage in attracting tenants. The area is highly desirable for both short term and long term rentals, making it an excellent location for income generation. The property features a larger unit (1,600 square feet, 3 beds, 2 baths) and a smaller second unit (851 square feet, 2 beds, 1 bath), appealing to a wide variety of tenants. The layout allows for flexible rental strategies, enhancing its potential for steady cash flow. Sitting on a 0.314 acre lot, the property offers ample space for future development or upgrades. The possibility to subdivide the lot into two parcels adds significant value, particularly for investors looking to maximize their returns. While the property was affected by Hurricane Helene and is being sold in "as is" condition, this presents an opportunity to rebuild, which could significantly increase its value. Hurricane Windows installed in 2020 and have a lifetime warranty transferrable to the next owner. The property has been cleared by the city and FEMA to be refurbished. see the attached FEMA substantial damage letter. The property is located within an AE flood zone. A one time transfer of the flood policy is available under a "Policy Assumption" (interested buyers should confirm details with their insurance company). Additionally, the potential for subdividing the land could allow for two separate properties, offering even greater future value. This property represents an incredible, near term opportunity for investors seeking strong rental income with significant future development potential!
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Features
Building and Construction
- Covered Spaces: 0.00
- Exterior Features: Fence, Sidewalk
- Flooring: Tile
- Living Area: 2451.00
- Roof: Shingle
Property Information
- Property Condition: Fixer
Land Information
- Lot Features: Corner Lot
School Information
- High School: Countryside High-PN
- Middle School: Safety Harbor Middle-PN
- School Elementary: Safety Harbor Elementary-PN
Garage and Parking
- Garage Spaces: 2.00
Eco-Communities
- Water Source: Public
Utilities
- Carport Spaces: 0.00
- Cooling: Central Air
- Heating: Central
- Sewer: Public Sewer
- Utilities: Public
Finance and Tax Information
- Home Owners Association Fee: 0.00
- Net Operating Income: 0.00
- Tax Year: 2024
Rental Information
- Tenant Pays: Electricity, Trash Collection, Water
Other Features
- Country: US
- Furnished: Unfurnished
- Interior Features: Primary Bedroom Main Floor
- Legal Description: BAYEDGE TERRACE LOT 10
- Levels: One
- Area Major: 33759 - Clearwater
- Occupant Type: Vacant
- Parcel Number: 16-29-16-03429-000-0100
- Possession: Close of Escrow
- Zoning Code: MDR