Property Description:
This unique investment opportunity features two completely separate single-family homes on one 11,252 sf lot in Clearwater. While located right on the Largo border, this property sits within the Clearwater city limits. The front house is a 712 sf 2-bedroom, 1.5-bathroom unit with master suite potential, and the back house is a 784 sf 2-bedroom, 1-bathroom unit. This property is not the easiest house to comp because separate detached structures.
🛠️ Rehab Scope (Estimated)
- Front House: Convert the existing 1.5-bath layout into a true 2-bedroom, 2-bathroom configuration.
- Back House HVAC: Install a full Central A/C system. The ducting and venting are already in place
- Kitchen & Bath: Complete gut-reno of both kitchens. Full updates and modern fixtures in all bathrooms.
- Interior/Exterior Finishes: Flooring throughout both units. Fresh interior/exterior paint
- Systems Check: Inspect and update electrical panels and plumbing as needed to ensure the property passes a 4-point inspection for future buyers.
🟣 Comparable Sales
- 1324 Milton St – 4/2 Duplex | 1,578 sf | Sold $385,000 | 11/2025 | Standard Duplex (Shared Wall)
- 715 Wyatt St – 3/2 Single Family | 1,316 sf | Sold $398,000 | 09/2025 | Renovated (Smaller Lot)
- 1109 Lakeview Rd – 4/2 Duplex | 1,410 sf | Sold $420,000 | 10/2025 | Fully Renovated Cash-Flowing Rental
- 1409 S Prospect Ave – 2/1 Single Family | 884 sf | Sold $305,000 | 12/2025 | Fully Renovated (Single Structure Only)
- 722 New Jersey St – 2/1 Single Family | 850 sf | Sold $285,000 | 08/2025 | Moderate Rehab Level (Right across the street)
💰 ARV Analysis
Comping a property with two separate detached dwellings requires looking at it through two lenses: its value as a high-performing rental and its value to a “house-hacker” looking for a mortgage-helper. In the 33756 zip code, renovated 2-bedroom bungalows are fetching over $300k individually. With the front house converted to a 2/2 and the back house modernized with central air, this property will be the premier rental or owner-occupant compound in the immediate area.
Estimated ARV: $379,000 – $425,000 +/-