1216 Franklin Circle, Clearwater, FL 33756
Local realty services provided by:ERA Advantage Realty, Inc.
1216 Franklin Circle,Clearwater, FL 33756
$338,800
- 4 Beds
- 2 Baths
- 2,160 sq. ft.
- Multi-family
- Active
Listed by: jonathan minerick
Office: homecoin.com
MLS#:TB8536909
Source:MFRMLS
Price summary
- Price:$338,800
- Price per sq. ft.:$128.63
About this home
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. A buyer may first renovate and rent the two existing residential units to begin generating substantial rental income, then convert the detached garage into a third residential unit according to their own timeline, subject to City approval. Upon completion of the planned renovation and conversion, the property would consist of three residential units with approximately 2,450 sq ft of total living space. The proposed three-unit configuration offers strong long-term rental income and appreciation potential. This property is especially well suited for a long-term rental owner seeking greater rental income from three residential units, an owner-occupant who plans to live in one unit while renting the others, or a contractor or experienced renovation professional seeking resale profit through the completion of the renovation....
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Home facts
- Year built:1957
- Subdivision & Development:HIBISCUS GARDENS
- Listing ID #:TB8536909
- Added:41 day(s) ago
- Updated:September 21, 2026 at 06:39 PM
Rooms and interior
- Bedrooms:4
- Total bathrooms:2
- Living area:2,160 sq. ft.
Heating and cooling
- Heating:Wall Furnace
Structure and exterior
- Roof:Membrane
- Year built:1957
- Building area:2,160 sq. ft.
- Lot area:0.11 Acres
- Lot Features:Paved, Sidewalk
- Construction Materials:Block, Concrete
- Exterior Features:Covered Porch/Patio, Fence, Front Porch, Porch, Sidewalk
- Foundation Description:Slab
- Levels:1 Story
Utilities
- Water:Public, Water Available, Water Connected
- Sewer:Public, Public Sewer, Sewer Available, Sewer Connected
Finances and disclosures
- Price:$338,800
- Price per sq. ft.:$128.63
- Tax amount:$1,344 (2024)
Features and amenities
- Laundry features:Laundry Room
- Amenities:Electricity Available
- Pool features:Public Pool
Parking
- Parking description:Attached Garage
- Garage:Yes
- Garage spaces:1
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