Sold
16 HEILWOOD ST
CLEARWATER FL, 33767
$5,000,000
$988.53 per sqft
Sold
8 Beds
8 Baths
5,058 sqft
Residential
Built in 1938
***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!
U8223703
MLSⓇ ID
December 11, 2023
Listed
February 12, 2025
Updated
Interior Features
Total Stories
2
Bedrooms
8
Total Bathrooms
8
Full Bathrooms
8
Interior Features
Built-in Features, Ceiling Fans(s), Crown Molding, Eat-in Kitchen, Living Room/Dining Room Combo, Open Floorplan, Primary Bedroom Main Floor, Primary Bedroom Upstairs, Thermostat, Window Treatments
Appliances
Dishwasher, Dryer, Electric Water Heater, Exhaust Fan, Microwave, Refrigerator, Washer
Laundry Description
Common Area
Floor Description
Ceramic Tile, Luxury Vinyl, Tile
Fireplace
No
Cooling
Yes
Cooling Description
Central Air, Wall/Window Unit(s)
Heating
Yes
Heating Description
Central, Electric, Wall Units / Window Unit
Exterior/Building Features
Lot Size
0.1 Acres
Exterior Features
Balcony, Courtyard, Lighting, Outdoor Grill, Outdoor Shower, Rain Gutters, Sidewalk, Storage
Roof
Shingle
Sewer
Public Sewer
Other Property Details
Area Name
33767 - Clearwater/Clearwater Beach
Taxes
$20,587
Tax Frequency
Annually
Days on Market
45
Association Fee Frequency
Monthly
Garage
No
View
Yes
View Description
Water
County
Pinellas
Municipality
29
Water Source
Public
Pool
No
Utilities
Cable Connected, Electricity Connected, Natural Gas Connected, Sewer Connected, Street Lights, Water Connected
Zoning
T-TOURIST
Listing History
Date | Event | Price |
---|---|---|
3/20/2024 | Sold | $5,000,000 |
1/26/2024 | Pending | — |
Listed by REALTY ONE GROUP ADVANTAGE
Listing Contact: 813-909-0909
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Data last updated 2/12/2025, 8:05 PM UTC