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… Read More 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. Read Less
Courtesy of HOMECOIN.COM 888-400-2513
Listing Snapshot
Days Online
5
Last Updated
Property Type
Duplex
Beds
4
Square Ft.
2,160
Lot Size
0.11 Acres
Year Built
1957
MLS Number
TB8536909
Additional Details
Property Access
Road Surface: Asphalt
Building
Built in 1957, Living area: 2160, Living area units: Square Feet, Levels: One, Construction Materials: Block, Concrete
Cooling
None
Exterior Features
Patio/Porch Features: Covered, Front Porch, Porch, Fence, Sidewalk
Fireplaces
Family Room
Foundation
Slab
Garage
1 space
Heating
None, Wall Furnace
Laundry
Laundry Room
Lot
0.11 acres, Dimensions: 59x105, City Limits, Sidewalk, Paved
Pets Policy
Allowed: Yes
Property
Fixer, City
Roof
Membrane
Sewer
Public Sewer
Taxes
Additional parcels description:, Parcel Number: 15-29-15-38574-010-0060, Public Survey Range: 15, Public Survey Section: 15, Annual Amount: $1,344.45, Tax Block: J, Tax Book Number: 14-55, Legal Description: HIBISCUS GARDENS BLK J, LOT 6, Lot: 6, Year: 2024
Utilities
Electricity Available, Electricity Connected, Public, Sewer Available, Sewer Connected, Water Available, Water Connected, Water Source: Public
Find The Perfect Home
'VIP' Listing Search
Whenever a listing hits the market that matches your criteria you will be immediately notified.
Listings courtesy of Stellar MLS as distributed by MLS GRID, based on information submitted to the MLS GRID as of . Information is provided exclusively for consumers' personal noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed by MLS GRID. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may be listed or sold by various participants in the MLS, who may not be the office/agent presenting the information. This content last updated on . Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.
Confirm your time
Fill in your details and we will contact you to confirm a time.