Price Reduced 4.04%

$499,000 ($302.24 per sqft)

Pending

Est. Mortgage $2,556/mo *

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Price History

$520,000
8/22/2024

$499,000
9/12/2024

916 Magnolia DRIVE, Clearwater, FL, 33756

916 Magnolia DRIVE, Clearwater, FL, 33756
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6 beds

1950

1,651 sqft

Under contract-accepting backup offers. Welcome to a prime investment opportunity in the heart of Clearwater! This unique corner lot holds a Duplex in the front and a single back unit, offering three separate living spaces each with 2 bedrooms, 1 bathroom. The added convenience of an attached garage to the third unit provides extra appeal for potential renters. Separate electric and water meters for each unit, plenty of parking available for tenants and NO FLOOD ZONE!!! The property has a new roof installed in 2020, ensuring durability and peace of mind for years to come. Each unit's Florida Room provides a comfortable space to relax or entertain, making these homes particularly attractive to renters. The layout of the units not only maximizes rental income potential but also enhances privacy and comfort for residents. Property is tenant occupied, so please do not disturb tenants. Positioned just 10 minutes from the world-renowned Clearwater Beach and 15 minutes from Downtown Dunedin, this property offers a prime location that’s highly sought after by both long-term tenants and short-term vacationers. Whether you’re looking to capitalize on the booming short-term rental market or secure reliable long-term tenants, this property is a stellar choice for savvy investors. Don’t miss out on this opportunity to own a versatile and lucrative asset in one of Florida's most coveted areas!

Status:

Pending

Type:

Multi-family

Laundry Remarks:

Washer Hookup

Units:

3

Subdivision:

MOUNT ORANGE REV

Garage:

1-car

Heating:

Electric

Cooling:

Central Air

Acreage:

0.2

Est. Taxes:

$3,461

Construction

Block, Wood Siding

Utilities

Cable Connected

Lot Description:

Corner Lot

Days on Market:

33

Pet Policy:

Cats OK, Dogs OK

Appliances:

Built-In Oven, Refrigerator

MLS #:

U8254336

Community Info

School Info

Walk Score

Yelp

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Listing courtesy of LPT REALTY, LLC Phone: 877-366-2213