1216 Franklin Circle, Clearwater, FL 33756
Local realty services provided by:CENTURY 21 Carioti
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. 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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Home facts
- Year built:1957
- Subdivision & Development:HIBISCUS GARDENS
- Listing ID #:TB8536909
- Added:7 day(s) ago
- Updated:August 17, 2026 at 09:20 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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