5407 29th Avenue South
$1,200,000
6
4
3,207
3,207
$374
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...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.
- Listed by Leisa Mohler-Erickson • ENGEL & VOLKERS ST. PETE
- Listed by Georgia Ambler • ENGEL & VOLKERS ST. PETE
Property Details for 5407 29th Avenue South
Architectural Style
Bungalow
Subdivision NameVETERAN CITY
Township31
WaterfrontNo
FurnishedFurnished
LISTING UPDATED: 11/17/2024 03:05 PM
Property Details for 5407 29th Avenue South
Status | Active |
---|---|
MLS # | TB8320872 |
Days on Market | 3 |
Taxes | $9,515 / year |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Single Family |
MLS Type | Residential / Single Family Residence |
Year Built | 1940 |
Lot Size | 0.22 AC / 9,675 SF |
County | Pinellas County |
Building Information for 5407 29th Avenue South
Stories-Year Built1940Building Size-Lot Size0.22 AC / 9,675 SF
Property Information for 5407 29th Avenue South
Property History for 5407 29th Avenue South
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 5407 29th Avenue South
Taxable ValueLand-Additions-Total-
Tax Record2023$9,579 ($798 / month)
Home Facts
Baths6Total Finished SqFt399 SqFtAbove Grade Finished SqFt399 SqFtStories1Lot Size9,675 SqFtStyleOffice BuildingYear Built1940Year Renovated1984CountyPINELLASAPN33-31-16-93942-000-0250
Schools near 5407 29th Avenue South
This home is within Pinellas.
Rating | School | Type | Grades | Distance |
---|---|---|---|---|
Public - | PK to 5 | |||
Public - | 6 to 8 | |||
Public - | 9 to 12 | |||
Public - | 5 to 12 |
Rating | School | Distance |
---|---|---|
Gulfport Montessori Elementary School PublicPK to 5 | ||
Azalea Middle School Public6 to 8 | ||
Boca Ciega High School Public9 to 12 | ||
Disston Academy Public5 to 12 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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