916 MAGNOLIA DRIVE CLEARWATER FL 33756 MLS #U8254336

916 MAGNOLIA DRIVE
CLEARWATER, FL, 33756
$499,000
6 Beds
3 Baths
1,651 SqFt
0.2 Acres
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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!

Property Details

Price:
$499,000
MLS #:
U8254336
Status:
Pending
Beds:
6
Baths:
3
Address:
916 MAGNOLIA DRIVE
Type:
Multi Family
Subtype:
Triplex
Subdivision:
MOUNT ORANGE REV
Neighborhood:
33756 – Clearwater/Belleair
City:
CLEARWATER
Listed Date:
Aug 22, 2024
State:
FL
Finished Sq Ft:
1,651
ZIP:
33756
Lot Size:
8,729 sqft / 0.20 acres (approx)
Year Built:
1950
Units:
3
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Schools

Interior

Appliances
Built- In Oven, Refrigerator
Cooling
Central Air
Flooring
Carpet, Vinyl
Heating
Electric
Laundry Features
Washer Hookup

Exterior

Construction Materials
Block, Wood Siding
Exterior Features
Sidewalk
Roof
Shingle

Financial

Tax Year
2023
Taxes
$3,461

Map

Community

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916 MAGNOLIA DRIVE
CLEARWATER, FL