Sarasota's Premier Homes

16 HEILWOOD STREET

CLEARWATER , FL 33767

MLS#: U8223703

$5,199,500

Status: Closed
Listing number: U8223703
Listing provided by: REALTY ONE GROUP ADVANTAGE
Listing agent phone: None
Last update: 1 year, 4 months ago
On site: 1 year, 8 months ago
Browse Properties
CLEARWATER BEACH REV - Residential

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

Exterior

  • Garage

    No

  • Construction Materials

    Block, Vinyl Siding

  • Other Exterior Features

    Balcony, Courtyard, Lighting, Outdoor Grill, Outdoor Shower, Rain Gutters, Storage

  • Pool

    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

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Pinellas

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Listing Courtesy of Ali Soofi , REALTY ONE GROUP ADVANTAGE

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Agent MichaelGraf

Business Coach | Executive Sales Associate | Realtor®

MichaelGraf

Call Michael today to schedule a private showing.

(941) 315-6980

michael@thegrafgroupvip.com


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***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!

16 HEILWOOD STREET

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