1486 Pierce Street
CLEARWATER, FL 33755

Description

Excellent concrete block Mid-Century modern DUPLEX in Clearwater's wonderful Gateway district currently at an 8% cap rate with easy potential for over 12% cap. Prime location is only minutes to Clearwater Beach as well as many great restaurants and shopping areas. The duplex is 2 bed/ 1 bath on one side, and a 1 bed/ 1 bath on other side. both sides have parking under roof. There is easy potential for an additional bedroom and bathroom in the (currently smaller) back unit that is currently a large Florida room 16'x17' under roof and on slab. Both units are currently occupied by wonderful Long term tenants at HEAVILY DISCOUNTED rents of only $650 for 1bed/1bath and $750 for the 2 bed/1 bath. Both separate electric meters and panels have been updated, roof was done in 2006. Numerous updates being finished up now, as well as brand new sod and exterior paint. Please note: This is a LEGAL DUPLEX and has two separate addresses of 1486 & 1488 Pierce Street.

Details

MLS#U8037799
Sub-TypeResale
StatusActive
Year1954
Days On Site68

Features

SQ Feet1,192
Units2
Building(s)1
Property ViewYes

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Area Information

StateFL
CountyPinellas
CityCLEARWATER
Zip Code33755
Area33755 - Clearwater
Listing VS Median (in 33755)
Price:
$199,900
low | high
Med:
$210,000
44.947473736868% of Average
SqFt:
1,192
low | high
Med:
1,248
45.302013422819% of Average
$ / SqFt:
$168
low | high
Med:
$168
49.661369146111% of Average
On Site:
68
low | high
Med:
60
100% of Average
Listing Updated: 05/19/2019
MLS Number: U8037799
Listing Provided By:
Travis Kern  of  CHARLES RUTENBERG REALTY INC

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