916 Magnolia Drive, CLEARWATER, FL

$499,000

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6

Beds

3

Baths

1,651

Square feet

0.20

Acres

About 916 Magnolia Drive

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!

Features of 916 Magnolia Drive

MLS® # U8254336
Price $499,000
Bedrooms 6
Bathrooms 3.00
Square Footage 1,651
Acres 0.20
Year Built 1950
Type Residential Income
Sub-Type Triplex
Status Pending

Community Information

Address 916 Magnolia Drive
Area Clearwater/Belleair
Subdivision MOUNT ORANGE REV
City CLEARWATER
County Pinellas
State FL
Zip Code 33756

Amenities

# of Garages 1
Is Waterfront No
Has Pool No

Interior

Interior Features Ceiling Fans(s)
Appliances Built-In Oven, Refrigerator
Heating Electric
Cooling Central Air
Fireplace No

Exterior

Exterior Features Sidewalk
Lot Description Corner Lot
Roof Shingle
Foundation Crawlspace

Additional Information

Date Listed August 22nd, 2024
Days on Market 35
Foreclosure No
Short Sale No
RE / Bank Owned No

Listing Details

OfficeLPT REALTY, LLC

Listing Map

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