1270 Franklin Street

    Clearwater, FL 33756
    • $375,000
    • STATUS: Active
    • ON SITE: 10 days
    • MLS #: U8045277
    UPDATED: 66 min ago
    $375,000
    • 0
      BEDS
    • 0.14
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 2,904
      SQFT
    • $129
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1960
    County:

    School Ratings & Info

    Description

    This four unit multi-family opportunity is located near downtown Clearwater and provides easy access to East/West thoroughfares. The building features four one bedroom, one bath apartments. The current in-place cap is 5.6%. This is a value-add opportunity with well below market rents. With some light remodel and repositioning in the market, the cap rate could be above current trends.

    Monthly Payment Calculator




    © 2019 My Florida Regional Multiple Listing Service, Inc. All rights reserved. All listings displayed pursuant to IDX. All listing information is deemed reliable but not guaranteed and should be independently verified through personal inspection by appropriate professionals. Listings displayed on this website may be subject to prior sale or removal from sale; availability of any listing should always be independently verified. Listing information is provided for consumers personal, non-commercial use, solely to identify potential properties for potential purchase; all other use is strictly prohibited and may violate relevant federal and state law. Data last updated 2019-05-22T20:41:34.363.
    www.movetosarasotafl.com/homes/94677613

    1270 Franklin Street Clearwater, FL 33756

    • Price: $375,000
    • Status: Active
    • Updated: 66 min ago
    • MLS #: U8045277
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.14
    Acres
    2,904
    SQFT
    $129
    $/SQFT
    1960
    Built
    Neighborhood:
    Hibiscus Gardens
    County:
    Pinellas
    Area:
    Clearwater/Belleair
    Property Description
    This four unit multi-family opportunity is located near downtown Clearwater and provides easy access to East/West thoroughfares. The building features four one bedroom, one bath apartments. The current in-place cap is 5.6%. This is a value-add opportunity with well below market rents. With some light remodel and repositioning in the market, the cap rate could be above current trends.
    Exterior Features

    Carport Yn No Construction Materials Block Exterior Features Balcony Lot Size Dimensions 60 X 105 Pool Private Yn No Water Access Yn No Water Extras Yn No Waterfront Feet Total 0 Waterfront Yn No

    Interior Features

    Cooling Central AirWall/Window Unit(S) Fireplace Yn No Heating CentralOther Sewer Public Sewer Water Source Public

    Property Features

    Additional Parcels Yn No Annual Net Income 21600.00 Association Yn No Cdd Yn No DPR No Est Annual Market Income 33000.00 Flood Zone Code X Garage Yn No Listing Terms CashConventional New Construction Yn No Property Sub Type Quadruplex Senior Community Yn No Special Listing Conditions None Tax Annual Amount 2454 Tax Year 2018 Total Num Buildings 1 Utilities Bb/Hs Internet AvailableElectricity Available


    Listing information © 2019 Florida Regional MLS.
    Listing provided courtesy of Coastal Properties Group.



    © 2019 My Florida Regional Multiple Listing Service, Inc. All rights reserved. All listings displayed pursuant to IDX. All listing information is deemed reliable but not guaranteed and should be independently verified through personal inspection by appropriate professionals. Listings displayed on this website may be subject to prior sale or removal from sale; availability of any listing should always be independently verified. Listing information is provided for consumers personal, non-commercial use, solely to identify potential properties for potential purchase; all other use is strictly prohibited and may violate relevant federal and state law. Data last updated 2019-05-22T20:41:34.363.
     
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