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Gina Tate PA

ginataterealtor@gmail.com +1(727) 487-1195

$ 338,800

Est. payment | -/mo

4 Beds

2 Baths

2,160 SqFt

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$ 338,800

Est. payment | -/mo

Save

4 Beds

2 Baths

2,160 SqFt

Key Details

Property Type Multi-Family, Duplex

Sub Type Duplex

Listing Status Active

Purchase Type For Sale

Square Footage 2,160 sqft

Price per Sqft $156

Subdivision Hibiscus Gardens

MLS Listing ID TB8536909

Bedrooms 4

Construction Status Fixer

HOA Y/N No

Year Built 1957

Annual Tax Amount $1,344

Lot Size 4,791 Sqft

Acres 0.11

Lot Dimensions 59x105

Property Sub-Type Duplex

Source Stellar MLS

Property Description

Rare high-appreciation investment opportunity in downtown Clearwater! This property is located in a prime downtown location, with no HOA, and is in Flood Zone X. The property is a two-story duplex. Each unit is 1,080 sq ft and includes 2 bedrooms and 1 bathroom. There is also a detached garage of approximately 300 sq ft next to the main building. The seller has already completed the pre-construction site preparation and cleanup work and has obtained a complete set of architect-prepared, signed and sealed plans for permit application. The plans include the renovation design for the two existing residential units and the conversion of the detached garage into a third residential unit, including cabinetry, a bathroom with a shower, and living space. The buyer does not need to start from scratch. The key component—the architect-prepared, signed and sealed plans—has already been completed by the seller. The buyer only needs to prepare any additional supporting documents required by the City and submit them together with the plans for permit approval. The estimated permit review timeframe is approximately 3–4 weeks. Once the permit is approved, construction can begin according to the existing plans. Except for the roof, which was replaced in 2014, all other parts of the property require a full renovation. A buyer may first renovate and rent the two existing residential units to begin generating substantial rental income, then convert the detached garage into a third residential unit according to their own timeline, subject to City approval. Upon completion of the planned renovation and conversion, the property would consist of three residential units with approximately 2,450 sq ft of total living space. The proposed three-unit configuration offers strong long-term rental income and appreciation potential. This property is especially well suited for a long-term rental owner seeking greater rental income from three residential units, an owner-occupant who plans to live in one unit while renting the others, or a contractor or experienced renovation professional seeking resale profit through the completion of the renovation.

Location

State FL

County Pinellas

Community Hibiscus Gardens

Area 33756 - Clearwater/Belleair

Rooms

Other Rooms Family Room

Interior

Interior Features Other

Heating None, Wall Furnace

Cooling None

Flooring Other

Fireplaces Type Family Room

Fireplace false

Laundry Laundry Room

Exterior

Exterior Feature Fence, Sidewalk

Garage Spaces 1.0

Utilities Available Electricity Available, Electricity Connected, Public, Sewer Available, Sewer Connected, Water Available, Water Connected

View Y/N No

Water Access No

View City

Roof Type Membrane

Porch Covered, Front Porch, Porch

Attached Garage true

Garage true

Private Pool No

Building

Lot Description City Limits, Sidewalk, Paved

Entry Level One

Foundation Slab

Lot Size Range 0 to less than 1/4

Sewer Public Sewer

Water Public

Structure Type Block,Concrete

New Construction false

Construction Status Fixer

Others

Pets Allowed Yes

Senior Community No

Ownership Fee Simple

Acceptable Financing Cash, Conventional, FHA, Other, VA Loan

Listing Terms Cash, Conventional, FHA, Other, VA Loan

Special Listing Condition None

Listed by Jonathan Minerick HOMECOIN.COM

Schools and Properties Nearby

Find out why customers are choosing LPT Realty to meet their real estate needs

+1(727) 487-1195

ginataterealtor@gmail.com

1216 FRANKLIN CIR Clearwater, FL 33756

Gina Tate PA

Key Details

Location

Rooms

Interior

Exterior

Building

Others

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1216 FRANKLIN CIR