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$338,800
4 Beds ⋅ 2 Baths ⋅ Hibiscus Gardens SubDv. ⋅ 33756 Zip Code
A Rare High-Appreciation Investment Opportunity in Downtown Clearwater! This property is located in a prime downtown location, with no HOA , in a Flood Zone X. This is a two-story duplex. Each unit is approximately 1,080 sq ft and includes 2 bedrooms and 1 bathroom. There is also a detached garage of approximately 300 square feet next to the main building. At present, the major preliminary work for the permit application has already been completed. The seller has obtained a complete set of architect-prepared permit drawings covering the entire property. The plans include a complete redesign and renovation of the existing two residential units, as well as the conversion of the detached garage into a third residential unit. In addition to completing the drawings required for the permit application, the seller has invested a significant amount of time and money in the preliminary preparation work, including removing the ceilings and flooring, demolishing the kitchens and bathrooms, clearing the backyard and repairing the fence, and professionally removing and trimming large trees affecting the property. Multiple large roll-off dumpsters were used to remove construction debris and other materials. The next owner will not need to start from scratch and can proceed directly with the permit application and renovation. Except for the roof (replaced in 2014), every other part of the property requires a complete renovation. Once the proposed renovation plan is completed, the property is expected to become a newly renovated triplex with approximately 2,460 sq ft of living space. Its resale value is expected to be significantly higher than comparable properties currently on the market. This property is ideal for contractors, renovation buyers, or owner-occupants seeking a property with strong long-term potential.

1216 Franklin Circle, Clearwater
$725,000
6 Beds ⋅ 6 Baths ⋅ Hibiscus Gardens SubDv. ⋅ 33756 Zip Code
Welcome to 1267 Franklin St, Clearwater, FL 33756, a 4-unit multi-family property that accords a versatile living arrangement. This property provides an excellent opportunity for those looking to invest in a multi-unit residence. With a location in the thriving area of Clearwater, it accords convenient access to local amenities and attractions. The property features multiple units, making it suitable for potential rental income or accommodating extended family members. Each unit is designed to accord comfortable living spaces. The exterior of the property showcases well-maintained grounds and a welcoming facade. Whether you are an investor or someone seeking a property with multiple living spaces, this multi-family dwelling could be the right fit for your needs. Explore the possibilities that this unique property in Clearwater provides.

1267 Franklin Street, Clearwater