1270 Franklin Street
CLEARWATER, FL 33756

Description

This four unit multi-family opportunity is located near downtown Clearwater and provides easy access to East/West thoroughfares. The building features four one bedroom, one bath apartments. The current in-place cap is 5.6%. This is a value-add opportunity with well below market rents. With some light remodel and repositioning in the market, the cap rate could be above current trends.

Details

MLS#U8045277
Sub-TypeResale
StatusPending
Year1960
Days On Site68

Features

SQ Feet2,904
Units4
Building(s)1

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Area Information

StateFL
CountyPinellas
CityCLEARWATER
Zip Code33756
Area33756 - Clearwater/Belleair
Listing VS Median (in 33756)
Price:
$350,000
low | high
Med:
$250,000
78.571571428571% of Average
SqFt:
2,904
low | high
Med:
1,432
100% of Average
$ / SqFt:
$121
low | high
Med:
$176
4.290821054403% of Average
On Site:
68
low | high
Med:
56
100% of Average
Listing Updated: 07/16/2019
MLS Number: U8045277
Listing Provided By:
Brad Meinck  of  COASTAL PROPERTIES GROUP

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