1216 Franklin Circle, Clearwater, FL 33756
- $338,800
- 4
- BD
- 2
- BA
- 2,160
- SqFt
- List Price
- $338,800
- Status
- Active
- Days on Market
- 9
- MLS#
- TB8536909
- Property Style
- Duplex
- Year Built
- 1957
- Bedrooms
- 4
- Bathrooms
- 2
- Living Area
- 2,160
- Lot Size
- 4,866
- Acres
- 0.11
- Total Acreage
- 0 to less than 1/4
- Legal Subdivision Name
- Hibiscus Gardens
- MLS Area Major
- Clearwater/Belleair
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.
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Additional Information
- Taxes
- $1344
- Location
- City Limits, Sidewalk, Paved
- Community Features
- No Deed Restriction
- Property Description
- One Story, Attached
- Interior Layout
- Other
- Interior Features
- Other
- Floor
- Other
- Utilities
- Electricity Available, Electricity Connected, Public, Sewer Available, Sewer Connected, Water Available, Water Connected
- Heating
- None, Wall Furnace
- Air Conditioning
- None
- Fireplace Description
- Family Room
- Exterior Construction
- Block, Concrete
- Exterior Features
- Fence, Sidewalk
- Roof
- Membrane
- Foundation
- Slab
- Pool
- No Pool
- Garage Carport
- 1 Car Garage
- Garage Spaces
- 1
- Pets
- Allowed
- Flood Zone Code
- X
- Parcel ID
- 15-29-15-38574-010-0060
- Legal Description
- HIBISCUS GARDENS BLK J, LOT 6
Listing courtesy of HOMECOIN.COM. 888-400-2513
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