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5407 29th Avenue S

Gulfport, FL 33707
  • $1,200,000
  • STATUS: Active
  • ON SITE: 12 Days
  • MLS #: TB8323293
UPDATED: 25 min ago
$1,200,000
  • 0
    BEDS
  • 0.22
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 3,207
    SQFT
  • $374
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1940
County:

School Information

Elementary School:
Middle School:
High School:

Description

RARE GULFPORT INCOME-PRODUCING SINGLE FAMILY HOMES (3) W/ LEGAL AIRBNB GRANDFATHER STATUS | Exceptional Income-Producing Opportunity in Gulfport's Thriving Downtown This rare triple-bungalow property in the heart of vibrant downtown Gulfport, Florida, represents an exceptional investment opportunity. Generating an impressive annual rental income, these three charming bungalows are poised to deliver strong cash flow and long-term appreciation.Each bungalow which is a stand-alone structure x 3 is fully licensed for nightly rentals, an invaluable asset in this vibrant vacation destination. The three bungalows include a 3-bedroom, 2-bath unit, a 2-bedroom, 1-bath unit, and a 1-bedroom, 1-bath unit. Ideally situated just steps from Gulfport's finest dining, shops, beach, marina, and entertainment, the property provides an unbeatable location for short-term guests seeking the authentic charm of this coastal town.With a combined total of six bedrooms and four bathrooms spread across the three units, the layout accommodates large groups and families comfortably. And with the properties being sold fully furnished, including all indoor and outdoor furnishings, this truly is a turnkey investment ready to generate income immediately. Also, for a value-add play, there is a wonderful opportunity to remodel and revamp the vibe to increase total rental income.Boasting classic bungalow architecture, in-unit laundry, and spacious outdoor amenities like a large courtyard, off-street parking, and lush landscaping, these meticulously maintained properties offer the historic character and modern conveniences that today's discerning travelers demand. Own knowing you have security in Flood Zone X which remained high and dry even during these last 2 storms of 2024. This investment is primed to capitalize on Gulfport's thriving vacation rental market. Don't miss this exceptional opportunity to own a highly profitable, low-maintenance portfolio of income-producing properties in one of Florida's most desirable coastal destinations.

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© 2024 My Florida Regional MLS DBA Stellar MLS. All rights reserved. All listings displayed pursuant to IDX. All listing information is deemed reliable but not guaranteed and should be independently verified through personal inspection by appropriate professionals. Listings displayed on this website may be subject to prior sale or removal from sale; availability of any listing should always be independently verified. Listing information is provided for consumers personal, non-commercial use, solely to identify potential properties for potential purchase; all other use is strictly prohibited and may violate relevant federal and state law. Data last updated 2024-12-03T17:46:08.657.
www.thenewcomergroup.com/homes/158066297
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5407 29th Avenue S Gulfport, FL 33707

  • Price: $1,200,000
  • Status: Active
  • On Site: 12 Days
  • Updated: 25 min ago
  • MLS #: TB8323293
0
Beds
0
Baths
0
½ Baths
0.22
Acres
3,207
SQFT
$374
$/SQFT
1940
Built
Neighborhood:
Veteran City
County:
Pinellas
Area:
St Pete/South Pasadena/Gulfport/St Pete Bch
Elementary School:
Gulfport Elementary-PN
Middle School:
Azalea Middle-Pn
High School:
Boca Ciega High-Pn
Property Description
RARE GULFPORT INCOME-PRODUCING SINGLE FAMILY HOMES (3) W/ LEGAL AIRBNB GRANDFATHER STATUS | Exceptional Income-Producing Opportunity in Gulfport's Thriving Downtown This rare triple-bungalow property in the heart of vibrant downtown Gulfport, Florida, represents an exceptional investment opportunity. Generating an impressive annual rental income, these three charming bungalows are poised to deliver strong cash flow and long-term appreciation.Each bungalow which is a stand-alone structure x 3 is fully licensed for nightly rentals, an invaluable asset in this vibrant vacation destination. The three bungalows include a 3-bedroom, 2-bath unit, a 2-bedroom, 1-bath unit, and a 1-bedroom, 1-bath unit. Ideally situated just steps from Gulfport's finest dining, shops, beach, marina, and entertainment, the property provides an unbeatable location for short-term guests seeking the authentic charm of this coastal town.With a combined total of six bedrooms and four bathrooms spread across the three units, the layout accommodates large groups and families comfortably. And with the properties being sold fully furnished, including all indoor and outdoor furnishings, this truly is a turnkey investment ready to generate income immediately. Also, for a value-add play, there is a wonderful opportunity to remodel and revamp the vibe to increase total rental income.Boasting classic bungalow architecture, in-unit laundry, and spacious outdoor amenities like a large courtyard, off-street parking, and lush landscaping, these meticulously maintained properties offer the historic character and modern conveniences that today's discerning travelers demand. Own knowing you have security in Flood Zone X which remained high and dry even during these last 2 storms of 2024. This investment is primed to capitalize on Gulfport's thriving vacation rental market. Don't miss this exceptional opportunity to own a highly profitable, low-maintenance portfolio of income-producing properties in one of Florida's most desirable coastal destinations.
Exterior Features

Carport Yn No Construction Materials Wood Frame Exterior Features Outdoor GrillSidewalk Foundation Details CrawlspacePillar/Post/Pier Lot Features Corner LotCity LotLandscapedNear Public Transit Lot Size Dimensions 60 x 161 Open Parking YN Yes Other Structures Shed(s) Parking Features GuestOff StreetOpen Patio And Porch Features CoveredDeckPatioPorch Pool Private Yn No Road Frontage Type Street Brick Road Surface Type Brick Roof Shingle Water Access Yn No Water Extras Yn No Water View Yn No Waterfront Feet Total 0 Waterfront Yn No

Interior Features

Additional Rooms Inside Utility Appliances DishwasherDisposalDryerMicrowaveRangeRefrigeratorWasher Building Area Total 3207 Cooling Central Air Cooling YN Yes Fireplace Yn No Flooring Ceramic TileHardwood Furnished Furnished Heating CentralElectric Heating YN Yes Interior Features Ceiling Fan(s)Living Room/Dining Room Combo Laundry Features Inside Levels Two Sewer Public Sewer Water Source Public Window Features Blinds

Property Features

Additional Lease Restrictions Grandfathered legal license to rent nightly Annual Net Income 98000 Association Fee Requirement None Association Yn No Cdd Yn No Community Features Sidewalks Down Payment Resource No Flood Zone Code X500 Garage Yn No Homestead Yn No Lease Considered YN Yes Lease Restrictions YN No Listing Terms CashConventionalFHAVA Loan Minimum Lease 1-7 Days New Construction Yn No Ownership Fee Simple Pets Allowed Yes Property Condition Completed Property Sub Type Triplex Realtor Info Short Term Rental AllowedSignZoning - Grandfathered In Security Features Smoke Detector(s) Senior Community Yn No Special Listing Conditions None Tax Annual Amount 9515 Total Annual Fees 0 Total Monthly Fees 0 Utilities Cable ConnectedPublicStreet Lights


Listing information © 2024 My Florida Regional MLS DBA Stellar MLS..
Listing provided courtesy of ENGEL & VOLKERS ST. PETE: 727-295-0000.



© 2024 My Florida Regional MLS DBA Stellar MLS. All rights reserved. All listings displayed pursuant to IDX. All listing information is deemed reliable but not guaranteed and should be independently verified through personal inspection by appropriate professionals. Listings displayed on this website may be subject to prior sale or removal from sale; availability of any listing should always be independently verified. Listing information is provided for consumers personal, non-commercial use, solely to identify potential properties for potential purchase; all other use is strictly prohibited and may violate relevant federal and state law. Data last updated 2024-12-03T17:46:08.657.
 
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