200 BAYSHORE BOULEVARD CLEARWATER FL 33759

Overview of 200 S Bayshore Blvd

Prime investment opportunity with price improvement! This property is ideally located just 2 minutes from downtown safety harbor and across from the bayshore pedestrian trail, walking distance to nova southeastern university, 15 minutes from tampa international airport, and 20 minutes from the gulf beaches—offering a major advantage in attracting tenants. The area is highly desirable for both short-term and long-term rentals, making it an excellent location for income generation. The property features a larger unit (1,600 square feet, 3 beds, 2 baths) and a smaller second unit (851 square feet, 2 beds, 1 bath), appealing to a wide variety of tenants. The layout allows for flexible rental strategies, enhancing its potential for steady cash flow. Sitting on a 0.314-acre lot, the property offers ample space for future development or upgrades. The possibility to subdivide the lot into two parcels adds significant value, particularly for investors looking to maximize their returns. While the property was affected by hurricane helene and is being sold in "as-is" condition, this presents an opportunity to rebuild, which could significantly increase its value. Hurricane windows installed in 2020 and have a lifetime warranty transferrable to the next owner. The property has been cleared by the city and fema to be refurbished. See the attached fema substantial damage letter. The property is located within an ae flood zone. A one-time transfer of the flood policy is available under a "policy assumption" (interested buyers should confirm details with their insurance company). Additionally, the potential for subdividing the land could allow for two separate properties, offering even greater future value. This property represents an incredible, near-term opportunity for investors seeking strong rental income with significant future development potential!

This lovely single family home was built in 1973 and features 5 bedrooms, and 3 full bathrooms. This home for sale is 3,511 square feet, with 2,451 sq ft being air conditioned living space. The home has a 1 car garage and does not have a private swimming pool.

Directions to this property are as follows: From Tampa, Head West On Fl-60 W (courtney Campbell Causeway) Toward Clearwater. Turn Right Onto S Bayshore Blvd. Continue For Approximately 0.2 Miles; The Property Will Be On Your Left. From Clearwater, Head East On Gulf-to-bay Blvd. (fl-60 E). Turn Left Onto S Bayshore Blvd. Proceed For Approximately 0.2 Miles; The Property Will Be On Your Left.

Please contact your ZFC agent for more information about MLS# MFRTB8352945 or any other homes for sale in Clearwater or elsewhere in the Pinellas County area.