Property Description

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.

Features

Heating System:: Central, Electric
Cooling System:: Central Air
Patio:: Covered, Patio, Porch, Deck
Parking:: Assigned, Driveway, Off Street, Guest, Open
Exterior Features:: Sidewalk, Outdoor Grill
Flooring:: Ceramic Tile, Wood
Interior Features:: Ceiling Fans(s), Living Room/Dining Room Combo
Laundry Features:: Inside
Sewer:: Public Sewer
Utilities:: Public, Cable Connected
Window Features:: Blinds

Appliances

Appliances:: Range, Dishwasher, Refrigerator, Washer, Dryer, Microwave, Disposal

Address Map

Country:: US
State:: FL
County:: Pinellas
City:: Gulfport
Subdivision:: VETERAN CITY
Zipcode:: 33707
Street:: 29TH
Street Number:: 5407
Street Suffix:: AVENUE
Longitude:: W83° 17' 35.3''
Latitude:: N27° 44' 28.3''
Directions:: Head southbound on I-275. Take exit 19 towards 22nd Ave S. Turn left onto 49th St S, Right on 28th Ave S, Next left on 54th St S then right onto 29th Ave S. Property is on your right hand side.
Mls Area Major:: 33707 - St Pete/South Pasadena/Gulfport/St Pete Bch
Street Dir Suffix:: S

Neighborhood

Elementary School:: Gulfport Elementary-PN
High School:: Boca Ciega High-PN
Middle School:: Azalea Middle-PN

Additional Information

Lot Size Dimensions:: 60x161
Water Source:: Public
Virtual Tour:: https://www.propertypanorama.com/instaview/stellar/TB8323293
On Market Date:: 2024-11-20
Number Of Units Total:: 3
Lot Features:: Corner Lot, Landscaped, City Limits, Near Public Transit, Street Brick
Levels:: Two
Foundation Details:: Crawlspace, Pillar/Post/Pier
Construction Materials:: Frame
Community Features:: Sidewalks, Street Lights
Building Size:: 3207