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  • MLS#: TB8323293 ( Residential Income )
  • Street Address: 5407 29th Avenue S
  • Viewed: 7
  • Price: $1,200,000
  • Price sqft: $374
  • Waterfront: No
  • Year Built: 1940
  • Bldg sqft: 3207
  • Days On Market: 38
  • Additional Information
  • Geolocation: 27.7412 / -82.7069
  • County: PINELLAS
  • City: GULFPORT
  • Zipcode: 33707
  • Subdivision: Veteran City
  • Elementary School: Gulfport Elementary PN
  • Middle School: Azalea Middle PN
  • High School: Boca Ciega High PN
  • Provided by: ENGEL & VOLKERS ST. PETE
  • Contact: Leisa Mohler-Erickson
  • 727-295-0000
  • mfrmls
  • DMCA Notice
  • 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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Features
Appliances
  1. Dishwasher
  2. Disposal
  3. Dryer
  4. Microwave
  5. Range
  6. Refrigerator
  7. Washer
Home Owners Association Fee
  1. 0.00
Carport Spaces
  1. 0.00
Close Date
  1. 0000-00-00
Cooling
  1. Central Air
Country
  1. US
Covered Spaces
  1. 0.00
Exterior Features
  1. Outdoor Grill
  2. Sidewalk
Flooring
  1. Ceramic Tile
  2. Wood
Furnished
  1. Furnished
Garage Spaces
  1. 0.00
Heating
  1. Central
  2. Electric
High School
  1. Boca Ciega High-PN
Interior Features
  1. Ceiling Fans(s)
  2. Living Room/Dining Room Combo
Legal Description
  1. VETERAN CITY LOT 25
Levels
  1. Two
Living Area
  1. 3207.00
Lot Features
  1. Corner Lot
  2. City Limits
  3. Landscaped
  4. Near Public Transit
  5. Street Brick
Middle School
  1. Azalea Middle-PN
Area Major
  1. 33707 - St Pete/South Pasadena/Gulfport/St Pete Bc
Net Operating Income
  1. 0.00
Occupant Type
  1. Tenant
Other Structures
  1. Shed(s)
Parcel Number
  1. 33-31-16-93942-000-0250
Parking Features
  1. Guest
  2. Off Street
  3. Open
Pets Allowed
  1. Yes
Property Condition
  1. Completed
Property Type
  1. Residential Income
Roof
  1. Shingle
School Elementary
  1. Gulfport Elementary-PN
Sewer
  1. Public Sewer
Tax Year
  1. 2024
Township
  1. 31
Utilities
  1. Cable Connected
  2. Public
  3. Street Lights
Virtual Tour Url
  1. https://www.propertypanorama.com/instaview/stellar/TB8323293
Water Source
  1. Public
Year Built
  1. 1940