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USAFLClearwaterHibiscus Gardens1216 Franklin Cir
Listing image | Image 1

1216 Franklin Cir, Clearwater, FL

House

For Sale

Listed price in listed location currency (USD).
$338,800

421

MLS® TB8536909

Overview

Key Facts

Type Duplex
Levels Residential Income
Size 2160 sqft
Garage Yes
Taxes $1,344
Days Active 37
Lot Size 0.11 Acres
Approx. Age 1957
Avg. Price Per Sqft $156
MLS® Number TB8536909

Property Address: 1216 Franklin Cir, CLEARWATER, FL, 33756-5844

Average square foot calculated using Size range provided by listing agent.

Description

Rare high-appreciation investment opportunity in downtown Clearwater! This property is located in a prime downtown location, with no HOA, and is in Flood Zone X. The property is a two-story duplex. Each unit is 1, 080 sq ft and includes 2 bedrooms and 1 bathroom. There is also a detached garage of approximately 300 sq ft next to the main building. The seller has already completed the pre-construction site preparation and cleanup work and has obtained a complete set of architect-prepared, signed and sealed plans for permit application. The plans include the renovation design for the two existing residential units and the conversion of the detached garage into a third residential unit, including cabinetry, a bathroom with a shower, and living space. The buyer does not need to start from scratch. The key component—the architect-prepared, signed and sealed plans—has already been completed by the seller. The buyer only needs to prepare any additional supporting documents required by the City and submit them together with the plans for permit approval. The estimated permit review timeframe is approximately 3–4 weeks. Once the permit is approved, construction can begin according to the existing plans. Except for the roof, which was replaced in 2014, all other parts of the property require a full renovation. A buyer may first renovate and rent the two existing residential units to begin generating substantial rental income, then convert the detached garage into a third residential unit according to their own timeline, subject to City approval. Upon completion of the planned renovation and conversion, the property would consist of three residential units with approximately 2, 450 sq ft of total living space. The proposed three-unit configuration offers strong long-term rental income and appreciation potential. This property is especially well suited for a long-term rental owner seeking greater rental income from three residential units, an owner-occupant who plans to live in one unit while renting the others, or a contractor or experienced renovation professional seeking resale profit through the completion of the renovation.
MLS® NumberTB8536909
Laundry Level
Central VacNo
FireplaceYes
Acreage
Exterior
GarageYes
Approx. Age1957
Basement
Driveway
Garage Spaces
HeatNone, Wall Furnace
A/CNone

Extras

Price History

Last Sold Price

$303,000$303K

Appreciation

--

Avg. Days Listed

4 days

Today, For Sale for $338,800

For Sale · 37 days

$338,800

MLS® TB8536909

A month ago

Not Sold Yet

August 2026, For Sale for $338,800

For Sale · 37 days

$338,800

MLS® TB8536909

A month ago

Not Sold Yet

July 2025, Sold for $303,000

Sold · 4 days

$303,000$299,900

MLS® TB8407617

A year ago

Sold on Jul 28, 2025

How Much House Can I Afford?

Home Estimate Zoopraisal®

This property is estimated to sell between: $338,000 and $601,000.
Similar properties in this area sold on average for: $513,250
Expected to sell in 79 days. Similar properties sold in 116 days. This home has been on Zoocasa for 37 days.

The estimated sale price does not take into account many variables such as recent renovations, type of appliances, school district etc. To get a more accurate estimate please contact agent.

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