5407 29TH AVE S, GULFPORT, FL, 33707
$1,200,000
Residential Income
|
Bedrooms
6
|
Bathrooms
4
|
Living Area
3,207 Sqft
|
Lot Size
9,675 Sqft
|
RARE GULFPORT FLOOD ZONE X INCOME-PRODUCING SINGLE FAMILY HOMES (3) ZONED FOR LEGAL NIGHTLY RENTALS IN THE GULFPORT WATERFRONT REDEVELOPMENT DISTRICT | 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: | MFRTB8323293 | Year Built: | 1940 | |
| Appliances: | Dishwasher, Disposal, Dryer, Microwave, Range, Refrigerator, Washer | Community Features: | Sidewalks, Street Lights | |
| Construction Materials: | Frame | Cooling: | Central Air | |
| Country: | US | County Or Parish: | Pinellas | |
| Exterior Features: | Outdoor Grill, Sidewalk | Financial Data Source: | Owner | |
| Flooring: | Ceramic Tile, Wood | Foundation Details: | Crawlspace, Pillar/Post/Pier | |
| Furnished: | Furnished | Heating: | Central, Electric | |
| Laundry Features: | Inside | Lease Term: | 6-12 Month | |
| 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: | Assigned, Driveway, Guest, Off Street, Open | Patio And Porch Features: | Covered, Deck, Patio, Porch | |
| Pets Allowed: | Cats OK, Dogs OK, Yes | Possession: | Close Of Escrow | |
| Property Condition: | Completed | Property Sub Type: | Triplex | |
| Property Type: | Residential Income | Road Surface Type: | Brick | |
| Roof: | Shingle | Security Features: | Smoke Detector(s) | |
| Sewer: | Public Sewer | Showing Requirements: | Appointment Only, Listing Agent Must Accompany, ShowingTime | |
| Special Listing Conditions: | None | Standard Status: | Active | |
| State Or Province: | FL | Utilities: | Cable Connected, Public | |
| View: | City | Water Source: | Public | |
| Window Features: | Blinds | |||
We love to hear from you