5407 29TH AVE S, GULFPORT, FL, 33707
$1,200,000
Residential
Bedrooms
6
Bathrooms
4
Living Area
3,207 Sqft
Lot Size
9,675 Sqft
RARE GULFPORT INCOME-PRODUCING SINGLE FAMILY HOMES x (3) ZONED FOR LEGAL NIGHTLY RENTALS IN THE GULFPORT WATERFRONT REDEVELOPMENT DISTRICT (FLOOD ZONE X)| 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
Property Features Property Features
MLS ID: MFRTB8320872 Year Built: 1940
Appliances: Dishwasher, Disposal, Dryer, Microwave, Range, Refrigerator, Washer Architectural Style: Bungalow
Community Features: Sidewalks, Street Lights Construction Materials: Frame
Cooling: Central Air Country: US
County Or Parish: Pinellas Direction Faces: South
Exterior Features: Outdoor Grill, Sidewalk Fencing: Fenced, Wood
Flooring: Ceramic Tile, Wood Foundation Details: Crawlspace, Pillar/Post/Pier
Furnished: Furnished Heating: Central, Electric
Laundry Features: Inside Levels: Two
Listing Agreement: Exclusive Right To Sell Listing Terms: Cash, Conventional, FHA, VA Loan
Lot Features: Corner Lot, City Limits, Landscaped, Near Public Transit, Street Brick Occupant Type: Tenant
Other Structures: Shed(s) Parking Features: Guest, Off Street, Open
Patio And Porch Features: Covered, Deck, Patio, Porch Pets Allowed: Yes
Possession: Close Of Escrow Property Condition: Completed
Property Sub Type: Single Family Residence Property Type: Residential
Road Surface Type: Brick Roof: Shingle
Security Features: Smoke Detector(s) Sewer: Public Sewer
Showing Requirements: Appointment Only, Call Listing Agent 2, Listing Agent Must Accompany, See Remarks, ShowingTime Special Listing Conditions: None
Standard Status: Active State Or Province: FL
Utilities: Cable Connected, Public Vegetation: Mature Landscaping, Trees/Landscaped
Water Source: Public Window Features: Blinds
Rooms Rooms
Primary Bedroom: 10x9 ft Living Room: 10x12 ft
Kitchen: 8x10 ft
We love to hear from you