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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