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$5,199,500
78 Days Online

16 Heilwood Street
Clearwater, FL 33767

For Sale|Single Family Home|Pending
8
Beds
8
Full Baths
0
Partial Baths
5,058
SqFt
$1,028
/SqFt
1938
Built
Subdivision:
Clearwater Beach Rev
County:
Pinellas

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727-240-2510
16 Heilwood Street16 Heilwood Street16 Heilwood Street16 Heilwood Street
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Under contract-accepting backup offers. ***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!

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Listing Snapshot
Price 
$5,199,500
Days Online 
78 Days
Bedrooms 
8
Inside Area (SqFt) 
5,058 sqft
Total Baths 
8
Full Baths 
8
Partial Baths 
N/A
Lot Size 
0.1 Acres
Year Built 
1938
MLS Number 
U8223703
Status 
Pending
Property Tax 
$20,587
HOA/Condo/Coop Fees 
N/A
Sq Ft Source 
Public Records
Friends & Family
Recent Activity
10 hours agoListing updated with changes from the MLS
a month agoStatus changed to Pending
3 months agoListing first seen online
General Features
Construction 
BlockVinyl Siding
Sewer 
Public Sewer
Number of Stories 
2
Acreage 
0.1
Water 
Public
Property Sub Type 
Single Family Residence
Utilities 
Cable ConnectedElectricity ConnectedNatural Gas ConnectedSewer ConnectedWater Connected
Foundation 
Slab
Zoning 
T-TOURIST
Direction Faces 
West
Minimum Lease 
1-7 Days
Ownership 
Fee Simple
Parcel Number 
05-29-15-16362-005-0140
Interior Features
Cooling 
Central AirWall/ Window Unit(s)
Heating 
CentralElectricWall Units / Window Unit
Appliances 
DishwasherDryerElectric Water HeaterExhaust FanMicrowaveRefrigeratorWasher
Flooring 
Ceramic TileLuxury VinylTile
Interior 
Built-in FeaturesCeiling Fans(s)Crown MoldingEat-in KitchenLiving Room/Dining Room ComboOpen FloorplanPrimary Bedroom Main FloorPrimaryBedroom UpstairsThermostatWindow Treatments
Laundry Features 
Common Area
Fireplace 
No
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Exterior Features
Roof 
Shingle
View 
Water
Waterfront Property 
No
Exterior 
BalconyCourtyardLightingOutdoor GrillOutdoor ShowerRain GuttersSidewalkStorage
Community Features
Township 
29
Senior Community 
No
MLS Area 
33767 - Clearwater/Clearwater Beach
Listing courtesy of REALTY ONE GROUP ADVANTAGE 813-909-0909



Listing information is provided by Participants of the Stellar MLS. IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. Properties displayed may be listed or sold by various participants in the MLS Copyright 2024, Stellar MLS.
Data last updated at: 2024-02-28 07:05 AM EST

Neighborhood & Commute
Source: Walkscore
Community information and market data Powered by ATTOM Data Solutions. Copyright ©2019 ATTOM Data Solutions. Information is deemed reliable but not guaranteed.
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