Renovated Clearwater Duplex in Prime
1230 AMBLE LANE Clearwater, FL 33755
1230 AMBLE LANE, Clearwater, FL, 33755
$489,000
For Sale
$489,000
Renovated duplex near beaches, shopping, and golf courses.
Property Size2,026 SF
Price / SF$241.36
Days on Market443
Property Features for 1230 AMBLE LANE
General Information
- Standard status
- Active
- Size
- 2,026 SF
- Property subtype
- Multi Family
Building Details
- Year Built
- 1972
Listing Agency
HOMECOIN.COM
(888) 400-2513
Listed by
Jonathan Minerick · License #3477996
(888) 400-2513
Source
Exitrealty
Added: May 1, 2025 Checked: Jul 16 at 6:27 am
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of HOMECOIN.COM
Investment Insights
Based on property information with market context.
This Clearwater duplex is in a prime location and has been renovated. The renovations include a new roof, new kitchen cabinets with granite countertops, new fixtures, and new paint. Each of the two units features 1013 square feet of living space, with 2 bedrooms and 1 bath. The units are spacious and include storage and inside laundry areas. Each garage has an additional 5x10 storage space. Enclosing the garage on each side could easily turn these into 3 bedroom, 1 bath units. The property is located near beaches, shopping, golf courses, Dunedin, Countryside, and Safety Harbor. The property did not flood during the 2024 Hurricanes. Electric is separately metered. Water, sewer, and trash services are provided.
Key Highlights
- Prime location near beaches, shopping, golf courses, Dunedin, Countryside and Safety Harbor.
- Renovated with new roof, kitchen cabinets, granite countertops, fixtures, vanities, and paint.
- Income‑producing duplex with potential to convert each unit to a 3 bedroom/1 bath layout.
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $42.5k | $21.00 |
| − Vacancy | −$2.6k | −$1.30 |
| EGI | $39.9k | $19.70 |
| − OpEx | −$12.0k | −$5.91 |
| NOI | $27.9k | $13.79 |
2,026 SF · lease $21.00/SF/yr · vacancy 6.17% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$399.2K
$349.3K – $465.8K
NOI $27,945 @ 7.0% cap · market cap 5.71%
Second Best
Apartment 5plus
$357.2K
$312.6K – $416.8K
NOI $25,005 @ 7.0% cap · market cap 5.11%
Theoretical Best
Office A
$568.4K
$497.4K – $663.2K
NOI $39,789 @ 7.0% cap · market cap 8.14%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
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FAQs
What type of property is this?
Duplex - Renovated duplex near beaches, shopping, and golf courses.
Where is this duplex located?
The property is located at 1230 AMBLE LANE Clearwater, FL.
What is the asking price?
The asking price for this property is $489,000.
What are key features of this property?
This property features: Prime location near beaches, shopping, golf courses, Dunedin, Countryside and Safety Harbor.; Renovated with new roof, kitchen cabinets, granite countertops, fixtures, vanities, and paint.; Income‑producing duplex with potential to convert each unit to a 3 bedroom/1 bath layout.
