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5407 29TH AVENUE S

Multi-family For Sale
$1,200,000

BTC: 12.69827833

ETH: 357.14285714

32 days
0 room(s)
3,207 sqft
Est. Estimated sales range: $0 - $0
$0

Overview

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.

Location

Facts and features

Type:
Residential Income
Parking:
Guest / Off Street / Open
Year Built:
1940
Lot:
0.22 Acres
Heating:
Central / Electric
Price/sqft:
$374
Cooling:
Central Air
HOA:
No Data
All facts and features
  • Flooring

    • Ceramic Tile

    • Hardwood

    Heating

    • Central

    • Electric

    Cooling

    • Central Air

    Appliances

    • Dishwasher

    • Disposal

    • Dryer

    • Microwave

    • Range

    • Refrigerator

    • Washer

    Other interior features

    • Ceiling Fan(s)

    • Living Room/Dining Room Combo

  • Parking

    • Guest

    • Off Street

    • Open

    Property

    • Levels: Two

    • Exterior Features: Outdoor Grill / Sidewalk

    Lot

    • Lot: 0.22 Acres

    Other Property Information

    • Parcel Number: 333116939420000250

  • Type and style

    • Property Type: Residential Income

    • Property Sub Type: Triplex

  • Utility

    • Cable Connected

    • Public

    • Street Lights

  • Other financial information

    • Annual tax amount: $9,515

  • Source details

    • MLS ID: TB8323293

    Other facts

    • Construction Materials: Wood Frame

    • Foundation Details: Crawlspace / Pillar/Post/Pier

    • Laundry Features: Inside

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

    • Patio And Porch Features: Covered / Deck / Patio / Porch

    • Window Features: Blinds

    • Other Structures: Shed(s)

    • Living Area: 3207

    • Water Source: Public

    • Lot Size Dimensions: 60 x 161

    • Subdivision Name: VETERAN CITY

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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 ©2024-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: ENGEL & VOLKERS ST. PETE