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$520,000   Price Analysis
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916 Magnolia Dr
Clearwater, FL 33756
6 bed 3 bath 1,195 SqFt ($435/SqFt)
8,729SqFt lot. Built 1950
Listed 2024-08-22, Taxes $3,129
Ⓧ USDA Ineligible
due to location

near Clearwater

Welcome to a prime investment opportunity in the heart of Clearwater

Minutes away from the stunning Clearwater Beach. This unique corner lot holds a Duplx in the front and a single back unit, offering three separate living spaces each with 2 bedrooms, 1 bathroom and a charming Florida Room. 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 maximizes rental income potential but also enhances privacy and comfort for residents. Property is tenant occupied, so please do not disturb tenants. Positioned 10 minutes from the world-renowned Clearwater Beach and 15 minutes from Downtown Dunedin, this property offers a prime location thats highly sought after by both long-term tenants and short-term vacationers. Whether youre looking to capitalize on the booming short-term rental market or secure reliable long-term tenants, this pr operty is a stellar choice for savvy investors. Dont miss out on this opportunity to own a versatile and lucrative asset in one of Florida's most coveted areas!


Presented by JoAnne Campbell at
LPT REALTY, LLC.
Listing Agent Photo

Property MLS #U8254336 from StellarMLS

Bedrooms: 6

Total Bathrooms: 0
Full Bathrooms: 3

Ceiling Fans(s)
Flooring: Carpet, Vinyl

Built-In Oven
Refrigerator
Laundry Features: Washer Hookup

Cooling Features: Central Air
Heating Features: Electric

Extra Room-1 Description: Florida Room

Sidewalk
Road Surface Type: Asphalt

Attached Garage: Yes
Garage Spaces: 1

Lot Description: Corner Lot
Lot Size Acres: 0.2003903
Lot Size Square Feet: 8729

Number of Buildings: 2
Number of Units: 3
Bedrooms in Unit-1: 2
Bedrooms in Unit-2: 2
Bedrooms in Unit-3: 2
Total Bathrooms in Unit-1: 1
Total Bathrooms in Unit-2: 1
Total Bathrooms in Unit-3: 1

Calculated Total Monthly Association Fees: 0

Tenant Pays: Electricity, Sewer, Trash Collection, Water

Annual Tax Amount: 3461
Source Listing Status: Active
County: Pinellas
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.
Tax Year: 2023
Ownership: Fee Simple
Source Property Type: Residential Income
Area: 33756 - Clearwater/Belleair
Source Neighborhood: MOUNT ORANGE REV
Parcel Number: 15-29-15-59292-003-0320
Postal Code Plus 4: 4034
Subdivision: MOUNT ORANGE REV
Township: 29
Property Subtype: Duplex
Source System Name: C2C

YearAssessments
Building + Land
Total
Tax
2022$unknown + $unknown
$150,897
$3,129
2021$unknown + $unknown
$137,179
$2,928
2020$59,182 + $65,526
$124,708
$2,567
2019$unknown + $unknown
$129,045
$2,849
2018$unknown + $unknown
$117,314
$2,507
2017$98,686 + $39,162
$137,848
$2,395
2016$unknown + $unknown
$127,382
$2,231
2015$unknown + $unknown
$136,820
$2,244
2014$unknown + $unknown
$90,057
$1,781
2013$unknown + $unknown
$78,349
$1,610
2012$unknown + $unknown
$66,221
$1,422
2011$unknown + $unknown
$85,159
$1,808
2010$unknown + $unknown
$105,950
$2,219
2009$unknown + $unknown
$116,868
$2,457
2008$unknown + $unknown
$165,400
$3,367
2007$unknown + $unknown
$163,500
$3,259

Listed 2024-08-22
$520,000
StellarMLS
Sold 2007-07-09
$244,000
Public Record
Sold 2006-03-01
$234,000
StellarMLS
Sold 1990-01-12
$50,000
Public Record
Sold 1979-01-01
$50,000
Public Record

Total Square Feet Living: 1195
Year Built: 1950
Construction Materials: Block, Wood Siding
Foundation Details: Slab
Property Age: 74
Roof: Shingle

Sewer: Public Sewer
Cable Connected
Water Source: Public

Belleair Elementary School is a public elementary school located approximately 0.5 miles away.
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Clearwater High School is a public high school located approximately 2.3 miles away.
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Largo Middle School is a public middle school located approximately 3.3 miles away.
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Life Improvement Through Ed. is a private middle and high school located approximately 0.7 miles away.
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The property loan eligibility may be subject to additional requirements beyond geographical location including but not limited to the condition of the property. Speak with a real estate professional to find out more about the eligibility of a specific property.