$523,000
$10K PRICE DROP

Estimated payment $3,286/month

Total Views 6,988
6 Beds
2 Baths
1,644 Sq Ft
$318 Price per Sq Ft

Highlights

  • Deck
  • No HOA
  • Tile Flooring
  • Property is near public transit
  • Shed
  • Central Heating and Cooling System

About This Home

FULL ROOF REPLACEMENT 7/25.Turnkey duplex opportunity in the heart of Clearwater! Located directly across from the Clearwater Country Club and golf course, 1260 Palmetto St features two 3-bedroom, 1-bath units, each renting at $1,650/month with tenants covering their own utilities. (Value of washer/dryer hookups was not added to rent at time of leasing, providing an opportunity for potential rent increases after lease renewals). Separate electric meters, BOTH units recently renovated, new appliances in both units, washer/dryer hookups, and private backyard patios enhance tenant appeal. A storage shed offers added utility. Both AC units are older but functional, and the roof was recently updated in 2023 (buyer to verify). Just 13 minutes to the powdery sands of Clearwater Beach — a world-famous destination offering top-rated hotels, shops, restaurants, and vibrant entertainment. Downtown Clearwater’s cultural attractions and major medical centers are also close by. With immediate income and potential for future value-add, this property is perfect for investors seeking strong returns in a high-demand area. Recent appraisal done- $530,000. PLEASE DO NOT BOTHER TENANTS for anything. Lease for 1260 is through 4/26 and 1262 is 12/25. FULL ROOF REPLACEMENT 7/25

Listing Agent

Carolyn Gomez

RE/MAX METRO Brokerage Phone: 727-896-1800 License #3384338 Listed on: 05/05/2025

RE/MAX METRO

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,305

Year Built

  • Built in 1953

Lot Details

  • 9,174 Sq Ft Lot
  • Lot Dimensions are 73x125

Home Design

  • Duplex
  • Slab Foundation
  • Frame Construction
  • Shingle Roof
  • Block Exterior

Interior Spaces

  • 1,644 Sq Ft Home
  • Blinds
  • Walk-Up Access
  • Range
  • Laundry Located Outside

Flooring

  • Tile
  • Vinyl

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 2 Bathrooms

Parking

  • 2 Carport Spaces
  • Ground Level Parking
  • Driveway

Outdoor Features

  • Deck
  • Shed

Location

  • Property is near public transit
  • Property is near a golf course

Utilities

  • Central Heating and Cooling System
  • Cable TV Available

Community Details

  • No Home Owners Association
  • 2 Units
  • Fair Burn Add Subdivision

Listing and Financial Details

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,305

Year Built

Built in 1953

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Duplex
  • Construction Materials: Block, Frame
  • Fireplace: No
  • Living Area: 1644
  • Lot Size Acres: 0.21
  • New Construction: No
  • Year Built: 1953
  • Lot Size Sq Ft: 9174
  • Number Of Lots: 1
  • Tenant Pays: Electricity, Sewer, Trash Collection, Water
  • Directions to Property: From Drew St, head north on N Betty Ln. Turn left onto Palmetto St. Property will be on your right just before N Madison Ave.
  • Status: Active
  • Ownership: Fee Simple
  • Available for Lease YN: 1
  • Escrow City: St. Petersburg
  • Escrow Postal Code: 33701
  • Escrow State: FL
  • Escrow Street Name: 2nd Ave N, 201
  • Escrow Street Number: 150
  • List Office Head Office Key Nume: 1048256
  • RATIO Current Price By Calculate: 318.13
  • Total Acreage: 0 to less than 1/4
  • Unit Number YN: 0
  • Water Access YN: 0
  • Planned Unit Development Yn: 0
  • Property Description: Walk-Up
  • MFR_DockYN: 0
  • Attribution Contact: 727-896-1800
  • Tax Year: 2024
  • Special Features: VirtualTour

Interior Features

  • Living Area Units: Square Feet
  • Flooring: Tile, Vinyl
  • Interior Amenities: Ninguno
  • Appliances Included: Range, Refrigerator
  • Foundation Details: Slab
  • Total Bedrooms: 6
  • Levels: One
  • Spa Yn: No
  • Window Features: Blinds
  • Street Number Modifier: 1260
  • Living Area Meters: 152.73

Exterior Features

  • Other Structures: Shed(s)
  • Exterior Features: Sidewalk, Storage
  • Roof: Shingle
  • Pool Private: No
  • Waterfront: No
  • Patio and Porch Features: Deck
  • Road Surface Type: Paved
  • Water Extras YN: 0
  • Water View YN: 0
  • Waterfront Feet Total: 0
  • Flood Zone Date: 2021-08-24
  • Flood Zone Panel: 12103C0106J

Garage/Parking

  • Attached Garage: No
  • Carport Spaces: 2
  • Carport Y N: Yes
  • Garage Yn: No
  • Parking Features: Covered, Driveway, Ground Level

Utilities

  • Utilities: Cable Available, Electricity Connected, Water Connected
  • Cooling: Central Air
  • Heating: Central
  • Laundry Features: Other, Outside
  • Sewer: Public Sewer
  • Water Source: Public
  • Individually Metered: Electric,Sewer,Water

Condo/Co-op/Association

  • Community Features: None
  • Association: No
  • Senior Community: No
  • Association 2 YN: 0
  • Association Approval Required YN: 0
  • Pet Restrictions: Current tenant has ESA. Fee for pets is in the lease agreements.

Fee Information

  • Total Annual Fees: 0.00
  • Total Monthly Fees: 0.00

Lot Info

  • Zoning: MLT FAM<10
  • Parcel Number: 10-29-15-26550-008-0060
  • Additional Parcels Description: 29 15 10 26550 008 0060
  • Additional Parcels: No
  • Lot Features: Near Golf Course, Near Public Transit, Sidewalk, Paved
  • Lot Dimensions: 73x125
  • Property Attached Yn: Yes
  • Flood Zone Code: X
  • Homestead YN: 0
  • Lot Size Square Meters: 852

Rental Info

  • Furnished: Unfurnished
  • Additional Lease Restrictions: Verify restrictions with the City of Clearwater
  • Terms Of Lease: Net Lease,Renewal Option

Multi Family

  • Number Of Units Total: 2
  • Total Num Buildings: 1
  • Unit Count: 2

Tax Info

  • Tax Annual Amount: 5305.47
  • Tax Block: H
  • Tax Book Number: 9-97
  • Tax Lot: 6

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/23/2025 07/23/25 Price Changed $523,000 -1.9% $318 / Sq Ft
05/05/2025 05/05/25 For Sale $533,000 +17.1% $324 / Sq Ft
06/23/2023 06/23/23 Sold $455,320 -0.8% $277 / Sq Ft
06/04/2023 06/04/23 Pending -- -- --
05/30/2023 05/30/23 For Sale $459,000 0.0% $279 / Sq Ft
05/07/2023 05/07/23 Pending -- -- --
05/03/2023 05/03/23 For Sale $459,000 -- $279 / Sq Ft
Source: Stellar MLS

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Source: Stellar MLS

MLS Number: TB8377405

Stellar MLS