308 S LINCOLN AVENUE

Under contract-accepting backup offers. Nicely maintained 1970 concrete block and stucco 2 story triplex income property with one first floor unit and 2 second floor units for a total of 2563 living square feet; first floor 1067 and second floor 1496 with a total building of 3831. UNIT 2/One Bedroom One Bath Second Floor Front Apt with approximately 695 hsf & 2 south side parking spaces on driveway next to carport: Complete renovation finished in Jan 2024 includes but not limited to: LVP flooring, new kitchen cabinets, new tile backsplash, new kitchen GE stainless steel refrigerator, oven, dishwasher, kitchen sink and disposal, calcite counter tops. New bathroom vanity, granite top, sink and all new hardware; all new poly plantation shutters, all new light fixtures, all new baseboards, all new doors and hardware, freshly painted throughout; radiant heat in ceiling. Aug 23 new electrical panel and surge protector; April 23 new A/C in living room (wifi capability); June 23 new toilet; Feb 24 updated new screen and paint on 12 x 9 covered screened porch; interior laundry room for stackable washer/dryer, hot water heater and back door secondary exit that leads to stairs down to open back yard/2 living room photos are virtually staged/Refer to Unit 2 floor plan. UNIT 3/Two Bedroom One Bath Second Floor Rear Apt approximately 801 hsf with 190 sf single carport and two add'l parking spaces behind carport on south driveway. Features include upgraded tankless hot water heater, freshly painted throughout, two new window a/c units and new toilet Jan 2023. Sitting area outside of front door entry, inside utility with stackable washer/dryer area with a back door exit from laundry room down stairs to open backyard/radiant heat in ceiling/Refer to Unit 3 Floor Plan. UNIT 1, First Floor Two Bedroom 2 Bath approximately 1067 hsf with private covered screened lanai and fenced area to backyard and oversized 377 sf attached single car garage with work bench, full size washer/dryer hook up, soaking sink and additional driveway parking. Upgrades include modified electrical panel Sept 22, new ceiling fan in screened lanai June 23, new a/c in living room Aug 23 and new toilet in Dec 23/radiant heat in ceiling/Refer to Unit 1 Floor Plan. ALL ROOM SIZES ARE APPROXIMATE. Unit 2 is currently for the exclusive use of the owners and not rented to a third party. Unit 2 under a long term 12 month lease is projected to rent out at of $1800/mo with short term rent projected at $2500/mo plus additional charges. Monthly rent for Units 1 and 3 cover all expenses including principal and interest of current mortgage payment. Other expenses are taxes and insurance. Water/sewer and trash are invoiced separately based on actual bill received from the City of Clearwater. Electric is by separate unit meter. Owner handles yard maintenance. Located in the "Downtown Clearwater District"; walking distance to downtown Clearwater, newly redeveloped Coachman Park and The Sound Amphitheater (an $85 million dollar City project) or ride the Jolley Trolley with access to Clearwater Beach, Dunedin, Palm Harbor and/or Tarpon Springs! ACTUAL DISTANCE FROM THE RESIDENCE TO COACHMAN PARK IS 1.1 MILES OR 5 MINUTES!!!