901 VINE AVENUE CLEARWATER FL 33755 MLS #TB8344253

This unique property featuring two separate homes, detached from each other, both have private fences with their own yards. Located just two minutes from downtown Clearwater. This is a fantastic opportunity for a savvy investor or someone with a vision to restore and bring value to the property.
The back home is a well maintained 2-bedroom, 1-bathroom rental, currently bringing in $1800/month with long term tenants in place – providing immediate income. The front house, a 3-bedroom, 1-bathroom has sustained significant damage from a fallen tree in the storm in October and is uninhabitable. THIS IS A TEAR DOWN PROJECT.
Zoning allows for this home to be torn down and rebuilt. The back house would be considered a detached mother-in-law suite (ADU). Ask the agent for more details.
When purchasing the home, the new owner’s insurance will cover the back unit however will not cover the front unit until it is built back. Please note this property is being offered as is and will require a cash offer or a construction loan due to the condition of the front house.
The property did not experience flooding during the recent storms, and the pictures of the front house show its condition prior to the damage first, then at the end, it shows the damage of the unit.
Don’t miss out on this great opportunity to own two homes with great potential – whether you’re looking for a rental income property or a project to restore and flip!

Contact us today to schedule a viewing or get more information.