1479 FRANKLIN STREET

CLEARWATER, FL 33755

Extremely rare teardown duplex opportunity in one of the fastest-growing pockets of Clearwater. The seller’s relocation offers you the rare chance to secure this multi-family zoned property at less than one-fourth of its estimated ARV. With the front house fire-damaged and the rear unit fully intact and rented month to month, this is the perfect setup for investors ready to bring their big visions to life. So what makes this one so special? 1) Zoned for Multifamily Housing (MFH), offering the potential for huge upside and flexibility to rebuild, expand, and add more units. 2) Front house is severely fire-damaged, ready for a full rehab or tear-down. 3) Rear unit is completely intact and currently rented month-to-month at $900/month. 4) Fantastic location, minutes from downtown Clearwater, Clearwater Beach, Crest Lake Park, and Gulf to Bay Blvd. 5) Lowest price per sq ft in the area for a flip / fixer upper. Whether you're looking to flip, rebuild, and explore adding additional units, this property offers a rare canvas with strong value-add potential. Easy to show. No HOA/CDD. Feel free to soft pitch before writing anything up. Ask me anything, big or small. If this is “NOT ON MY MLS,” disclosures and MLS info sheets are available. No assignable contracts accepted.

Listing courtesy of RICHARD PETERS REALTY LLC 7819969676



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Last checked: 2025-08-18 08:38 AM EDT