$300,000
$350,000
14.3%For more information regarding the value of a property, please contact us for a free consultation.
1270 FRANKLIN ST Clearwater, FL 33756
2,904 SqFt
Key Details
Sold Price $300,000
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Sold
Purchase Type For Sale
Square Footage 2,904 sqft
Price per Sqft $103
Subdivision Hibiscus Gardens
MLS Listing ID U8045277
Sold Date 07/30/19
Construction Status Inspections
HOA Y/N No
Year Built 1960
Annual Tax Amount $2,454
Lot Size 6,098 Sqft
Acres 0.14
Lot Dimensions 60 x 105
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.
Location
State FL
County Pinellas
Community Hibiscus Gardens
Interior
Heating Central, Other
Cooling Central Air, Wall/Window Unit(s)
Fireplace false
Exterior
Exterior Feature Balcony
Utilities Available BB/HS Internet Available, Electricity Available
Waterfront false
Garage false
Private Pool No
Building
Lot Size Range Up to 10,889 Sq. Ft.
Sewer Public Sewer
Water Public
Structure Type Block
New Construction false
Construction Status Inspections
Others
Senior Community No
Ownership Fee Simple
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Special Listing Condition None
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Bought with HOME SEARCH REALTY