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1301 N LOTUS DRIVE

Multi-family For Sale
$749,900

BTC: 10.82106782

ETH: 7,499.00000000

61 days
5 bds
2,549 sqft
Est. Estimated sales range: $0 - $0
$0

Overview

This exceptional 4-Plex investment opportunity is located in the heart of Dunedin. It offers immediate income, strong location appeal, and multiple avenues for income growth. The property delivers stable cash flow with clear potential to enhance returns by optimizing rents to market levels, capitalizing on short-term rental zoning (Airbnb/VRBO), or leveraging an owner-occupant income strategy. Positioned just minutes from downtown, this asset is not located in a flood zone, helping reduce insurance costs and risk. The property offers 2,550 SF (3,280 SF under roof) with a balanced unit mix of (3) 1BR/1BA and (1) 2BR/2BA, each with private entrances, outdoor patio space, and two dedicated parking spaces, features that drive strong tenant demand and short-term rental appeal. The recently renovated 2BR/2BA unit offers flexibility as a flagship short-term rental unit or an ideal owner-occupant residence. Low operating expenses and tenant-reimbursed utilities create an efficient ownership profile, while below-market rents provide a clear path to increased income over time. 4-Point and Wind Mitigation inspections were completed in March, with clean reports available reinforcing the property’s insurability, financeability, and turnkey investment profile. Located near downtown Dunedin, the Pinellas Trail, waterfront parks, marina, beaches, and a vibrant mix of dining, breweries, and year-round events, the property benefits from consistent demand drivers supporting both long-term and short-term rental performance. This is a rare opportunity to acquire a well-maintained, income-producing asset with built-in upside in one of Tampa Bay’s most desirable coastal submarkets. Opportunities combining in-place income, ShortTermRental flexibility, and non-flood zone positioning in Dunedin are increasingly limited.

Location

Florida • DUNEDIN • 34698 • Multi-family • For Sale

Facts and features

Type:
Residential Income
Parking:
Assigned / Covered / Guest / Parking Pad
Year Built:
1959
Lot:
0.21 Acres
Heating:
Baseboard / Electric / Space Heater
Price/sqft:
$294
Cooling:
Wall/Window Unit(s)
HOA:
No Data
All facts and features

  • Flooring

    • Carpet

    • Laminate

    • Linoleum

    • Luxury Vinyl

    • Tile

    Heating

    • Baseboard

    • Electric

    • Space Heater

    Cooling

    • Wall/Window Unit(s)

    Appliances

    • Range

    • Refrigerator

    Other interior features

    • Ceiling Fan(s)

    Bedrooms and bathrooms

    • Bedrooms: 5

  • Parking

    • Assigned

    • Covered

    • Guest

    • Parking Pad

    Property

    • Levels: One

    • Exterior Features: Fenced / Hurricane Shutters / Lighting / Private Entrance / Sliding Doors / Storage

    Lot

    • Lot: 0.21 Acres

    Other Property Information

    • Parcel Number: 262815869760010010

  • Type and style

    • Property Type: Residential Income

    • Property Sub Type: Quadruplex

  • Utility

    • Cable Connected

    • Electricity Connected

    • Sewer Connected

    • Water Connected

  • Other financial information

    • Annual tax amount: $8,801

  • Source details

    • MLS ID: TB8470910

    Other facts

    • Construction Materials: Block

    • Foundation Details: Slab

    • Laundry Features: Laundry Closet / Outside

    • Lot Features: Corner Lot / City Lot / Landscaped / Near Public Transit

    • Patio And Porch Features: Covered / Patio

    • Window Features: Double Pane Windows

    • Other Structures: Shed(s) / Storage

    • Living Area: 2549

    • Water Source: Public

    • Lot Size Dimensions: 79 x 120

    • Subdivision Name: SUNNY RIDGE

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The multiple listing information is provided by the Stellar MLS from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2026-present Stellar MLS. All Rights Reserved. The information provided is for consumers' personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified. Listing courtesy of: DUNEDIN REALTY LLC