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Connie Moore

Engel & Völkers

connie.moore@engelvoelkers.com +1(813) 405-5501

$ 338,800

Est. payment -/mo

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1216 FRANKLIN CIR Clearwater, FL 33756

4 Beds

2 Baths

2,160 SqFt

UPDATED:

Key Details

Property Type Multi-Family

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. Upon completion of the planned renovation and conversion, the property is expected to become a fully renovated triplex with approximately 2,450 sq ft of total living space. Its resale value is expected to be significantly higher than comparable properties, and its long-term rental income potential is also very attractive. The seller accepts both cash and financed purchases. The property is suitable for contractors, investment-minded buyers, and buyers who may choose to occupy one of the units. Don't miss this rare investment opportunity.

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

Connie Moore

Advisor | License ID: SL3608960

+1(813) 405-5501

Connie Moore

1216 FRANKLIN CIR Clearwater, FL 33756

Key Details

Location

Rooms

Interior

Exterior

Building

Others

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1216 FRANKLIN CIR