Property Description:
This 2-unit multifamily property at 1400 Lotus Path offers a total of 2,060 sf of living area on a 9,592 sf lot, built in 1958. The layout includes a 3 bed / 2 bath unit with carport and a 2 bed / 1 bath unit with carport — each with separate entries and utilities, ideal for owner-occupant or rental income. Located minutes from downtown Clearwater, Morton Plant Hospital, and the beaches, the duplex sits in a high-demand rental corridor with solid long-term appreciation.
🛠️ Rehab Scope
- Update roofs (age unknown – verify via permit records)
- Replace or service HVAC units as needed
- Interior modernization: kitchens, baths, flooring, paint, lighting
- Exterior paint, soffit/fascia repair, and landscaping
- Electrical and plumbing tune-up if original
- Pressure wash drive and carports
💰 Comparable Sales
- 1101 S Hillcrest Ave – 4/2 | 2,639 sf | $550,000 ($208/sf) – Updated
- 1550 Turner St – 1,448 sf | $575,000 ($397/sf) – Renovated duplex
- 609 S Lake Dr – 2/2 | 1,599 sf | $400,000 ($250/sf) – Modern finishes
Based on nearby renovated duplexes trading between $250–$300 per sf, the ARV is estimated around $540,000 – $560,000, leaving room for value-add renovation and strong rental yield.