5407 29TH AVENUE S
Gulfport, FL 33707
3207 sqft | 6 beds | 4 baths | 0.22 acres | #TB8320872
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.
Property Details
- Lot DescriptionCorner Lot, City Limits, Landscaped, Near Public Transit, Street Brick
- InteriorCeiling Fans(s), Living Room/Dining Room Combo
- Utility FeaturesCable Connected, Public, Street Lights
- FoundationCrawlspace, Pillar/Post/Pier
- Exterior MaterialsOutdoor Grill, Sidewalk
- Property SubtypeSingle Family Residence
- Elementary SchoolGulfport Elementary-PN
- High SchoolBoca Ciega High-PN
- Middle SchoolAzalea Middle-PN
- Sewer InformationPublic Sewer
- SubdivisionVETERAN CITY
- Original List Price$1,200,000
- MLS #TB8320872
- MLS #TB8320872
- Property ConditionCompleted
- Property TypePurchase
- CountyPinellas
- Cost1200000
- Utility SourcePublic
- Taxes Annual$9,515
- Acres0.22
- Square Feet3207
- Year Built1940
- Pets AllowedYes
- Days on Market (Cumulative)38
- Bedrooms6
- Bathrooms4
- Full Baths4
Location
Legal
IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. Some IDX listings have been excluded from this website. Listing Information presented by local MLS brokerage: Alfonso Gonzalez | People's Choice Realty Services LLC
Last Updated: . Source: SMLS
Listing Courtesy
Listing Agent: Leisa Mohler-Erickson (#MFR260037548)
Listing Office: ENGEL & VOLKERS ST. PETE (#MFR260032666)
Note: The results shown are estimates only and do not include all factors. Speak with a licensed agent or loan provider for exact details. This tool is sourced from CloseHack.