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$795,000
18 Beds ⋅ 7 Baths ⋅ Hibiscus Gardens SubDv. ⋅ 33756 Zip Code
RENOVATED DOWNTOWN CLEARWATER FOURPLEX! Located just steps from Cleveland Street and approximately $350 million in planned and ongoing downtown investment, including new dining, retail and entertainment. This fully renovated, income-producing fourplex features four approximately 1,000 SF units with a mix of 2- and 3-bedroom layouts. Updates include renovated kitchens with stone countertops and new cabinetry, updated bathrooms and fresh paint throughout. Three units offer interior laundry hookups and exterior storage, and each unit has assigned parking. Pet-friendly and conveniently located minutes from Clearwater Beach, shopping, hospitals and approximately 30 minutes from Tampa International Airport. Own an income-producing property in the heart of Downtown Clearwater’s continued transformation. Seller’s preferred lender is offering a no-fee 1-0 rate buydown for the first 12 months for qualified buyers. Don't wait, call us today!

1259 Franklin Street, Clearwater
$338,800
4 Beds ⋅ 2 Baths ⋅ Hibiscus Gardens SubDv. ⋅ 33756 Zip Code
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.

1216 Franklin Circle, Clearwater