522 FLORIDA AVE, Clearwater, FL 33756

About This Property

Rare investment opportunity. Adjacent sister property may also be available, offering potential to acquire multiple income-producing units in one location and expanding landmass ownership. Currently available, a beautifully updated duplex in the heart of Clearwater offering an exceptional opportunity for investors and owner-occupants alike. This building would make a great short term vacation rental because of the short drive to the crystal blue waters of Clearwater beach. The property rents quickly if one becomes available because of the location and attractive street that it is on. Unlike many rental properties, this well-maintained building is situated on a charming street lined with attractive homes featuring manicured lawns and pride of ownership is seen throughout the neighborhood. A recently newly constructed home on the street further enhances the area’s appeal and value. Long term stable tenants are in place. Predetermined market rents are gross 39,000 for current listing or 78,000 for both buildings. The property features updated kitchens and bathrooms, including stone countertops, modern cabinetry, and stylish finishes throughout. One unit offers a spacious one-bedroom, one-bath layout with an extra enclosed room that is ideal for a home office, dining area, hobby room, or a small closet could be added for bedroom, making it a 2 bedroom unit. All units have durable ceramic tile throughout. The large kitchen is equipped with modern appliances and includes a generous full pantry with a door, providing abundant storage and functionality. Newer breaker boxes were installed a few years ago. Water and power are separate for all units and paid by the tenant. Ideally located just a short drive from Clearwater’s world-famous beaches, this property enjoys strong rental demand and a proven history of consistent occupancy. The owner can provide a long track record of successful consistent tenant rentals, making this an attractive addition to any investment portfolio.

Property Details

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Listed by HOMECOIN.COM · MLS# TB8521182