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916 Magnolia Drive

Clearwater, FL 33756

6 beds
3 baths
1,651 sqft
8,729 sqft lot
$251 per sqft
1950 build
– on site

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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!

Listing courtesy of STELLAR_MLS / LPT REALTY, LLC

Last checked: Checking… • Last updated Nov 21, 2024 •

MLS# U8254336 —

The Building

Year Built:

1950
New Construction:

false
Construction Materials:

Block
Roof:

Shingle
Foundation Details:

Crawlspace
# of Buildings:

2
Building Area Units:

Square Feet

Interior

Interior Features:

Ceiling Fan(s)
Flooring:

Carpet
Additional Rooms:

Florida Room
Fireplace:

false

Room Dimensions

Living Area:

1651
Living Area Units:

Square Feet
Living Area Source:

Public Records

Location

Directions:

From I-275 take exit 39 to merge onto FL-60 W/State Rd 60 W toward Clearwater/Tampa Airport. Take exit 2A for FL-60 W toward Clearwater. Continue onto FL-60 W/State Rd 60 W. Turn left onto S Missouri Ave. Turn right onto Druid Rd. Turn left onto S M.L.K. Jr Ave. Turn right onto Magnolia Dr, destination will be on the right.
Latitude:

27.955676
Longitude:

-82.793252
Coordinates:

-82.793252, 27.955676

The Property

Parcel Number:

152915592920030320
Property Type:

Residential Income
Property Subtype:

Triplex
Lot Features:

Corner Lot
Lot Size Acres:

0.2
Lot Size Area:

8729
Lot Size SqFt:

8729
Lot Size Units:

Square Feet
Total Acres:

0 to less than 1/4
View:

false
Exterior Features:

Sidewalk
Water Source:

Public
Road Surface Type:

Asphalt
Flood Zone Code:

X
Flood Zone Panel:

12103C0108J
Additional Parcels:

false
Land Lease:

false

Listing Agent

Contact info:

Taxes

Tax Year:

2023
Tax Lot:

32
Tax Block:

C
Tax Legal Description:

MOUNT ORANGE REVISED BLK C, LOTS 32,33 AND 34
Tax Book Number:

6-46
Tax Annual Amount:

3461

Beds

Bedrooms Total:

6

Baths

Total Baths:

3

The Listing

Special Listing Conditions:

None

Heating & Cooling

Heating:

Electric
Heating:

true
Cooling:

Central Air
Cooling:

true

Utilities

Utilities:

Cable Connected
Sewer:

Public Sewer

Appliances

Appliances:

Built-In Oven
Laundry Features:

Washer Hookup

The Community

Subdivision Name:

MOUNT ORANGE REV
Senior Community:

false
Water View:

false
Water Access:

false
Waterfront:

false
Pool Private:

false
Pets Allowed:

Cats OK
Association:

false
Ownership:

Fee Simple

Parking

Garage:

true
Attached Garage:

true
Garage Spaces:

1
Carport:

false
Covered Spaces:

1

Extra Units

# of Units Total:

3

Explore the Area

My Commute

From

Walk Score®

Provided by WalkScore® Inc.

Bike Score®

Provided by WalkScore® Inc.

Transit Score®

Provided by WalkScore® Inc.

Soundscore™

Provided by HowLoud

Sale history

Date	Event	Source	Price	% Change
11/20/24 Nov 20, 2024	Sold	STELLAR_MLS	$415,000	-16.8%
9/24/24 Sep 24, 2024	Pending	STELLAR_MLS	$499,000
9/12/24 Sep 12, 2024	Price Changed	STELLAR_MLS	$499,000	-4.0%

Multifamily Sold on 11/20/2024

$415,000

Listing provided by broker:

JoAnne Campbell

LPT REALTY, LLC

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Listing Courtesy of: STELLAR_MLS and LPT REALTY, LLC.

Based on information from the My Florida Regional MLS DBA Stellar MLS 2024.

All information provided is deemed reliable but is not guaranteed and should be independently verified. Stellar MLS, Estately and their affiliates provide the MLS and all content therein “AS IS” and without any warranty, express or implied. The information included in this listing is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The information on each listing is furnished by the owner and deemed reliable to the best of his/her knowledge, but should be verified by the purchaser. Stellar MLS and Estately assume no responsibility for typographical errors, misprints or misinformation. This property is offered without respect to any protected classes in accordance with the law. For any questions please call (407) 499-8911.

916 Magnolia Drive

Clearwater, FL 33756