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Under contract-accepting backup offers. Welcome to 1185 & 1187 Granada St in Clearwater — a rare duplex opportunity just minutes from everything that makes Pinellas County one of the most desirable places to live and invest. Located just south of Downtown Dunedin and only a 5-minute drive to Main Street, this property sits in a fantastic pocket where rental demand is always strong. Granada Street dead-ends directly into the Pinellas Trail, offering immediate access to biking, jogging, and outdoor recreation for future tenants.
Both units are 2 bedrooms, 1 bathroom, with month-to-month tenants already in place, creating built-in flexibility for investors or owner-occupants. The west side has been kept in wonderful condition, while the east side offers a prime opportunity for updates and increased rental potential — giving you instant upside. Major components are solid, with a 2019 roof and 2015 HVAC systems, helping keep future maintenance costs predictable.
This property is situated in a non-flood zone, delivering peace of mind and lower long-term ownership expenses. Investment properties in this location are becoming increasingly scarce, making this a standout option whether you’re expanding your portfolio, house-hacking, or seeking reliable rental income.
Tenants will appreciate being only 15 minutes to world-famous Clearwater Beach and 10 minutes to Honeymoon Island, along with fast access to Dunedin Causeway, marinas, restaurants, medical centers, and all the coastal lifestyle amenities renters love.
With a combination of strong location, existing tenants, structural peace of mind, and value-add potential, this duplex is a true opportunity in today’s market. Don’t miss your chance to own in one of the most in-demand areas of Clearwater and Dunedin. Schedule your showing today.
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William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
RVP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 917.838.7300
Melissa.Cohn@raveis.com
NMLS Mortgage Loan Originator ID 16953
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5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
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|---|---|---|---|
| Loan Amount | $351,200 | $351,200 | $351,200 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.625% | 6.625% | 5.750% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.133% | 6.739% | 5.952% |
| Monthly Tax Payment | $529 | $529 | $529 |
| H/O Insurance Payment | $75 | $75 | $75 |
| Initial Principal & Interest Pmt | $2,022 | $2,249 | $2,916 |
| Total Monthly Payment | $2,626 | $2,853 | $3,520 |
* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan.
** Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable rate mortgages [if applicable], are subject to change without prior notice.
The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.