5407 29TH AVENUE S

Gulfport, FL 33707
$1,200,000
3207 sqft | 6 beds | 4 baths | 0.22 acres | #TB8320872
For Sale

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.
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  • Property Details
      • Interior:Ceiling Fans(s), Living Room/Dining Room Combo
      • Bedrooms:6
      • Bathrooms:4
      • Full Baths:4
      • Lot description:Corner Lot, City Limits, Landscaped, Near Public Transit, Street Brick
      • Exterior materials:Outdoor Grill, Sidewalk
      • Acres:0.22
      • Square Feet:3207
      • Property type:Purchase
      • Year built:1940
      • Foundation:Crawlspace, Pillar/Post/Pier
      • Sewer information:Public Sewer
      • Utility source:Public
      • Utility features:Cable Connected, Public, Street Lights
      • Subdivision:VETERAN CITY
      • Elementary School:Gulfport Elementary-PN
      • Middle School:Azalea Middle-PN
      • High School:Boca Ciega High-PN
      • County:Pinellas
      • Original List Price:$1, 200, 000
      • Days on Market (Cumulative):42
      • Taxes annual:$9, 515
      • Pets Allowed:Yes
      • MLS #:TB8320872
      • Cost:1200000
      • Property subtype:Single Family Residence
      • MLS #:TB8320872
      • Property condition:Completed

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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: Juan C. Carnicer

Last Updated: . Source: SMLS

Listing Courtesy
Listing Agent: Leisa Mohler-Erickson
Listing Office: ENGEL & VOLKERS ST. PETE

Juan C. CarnicerReal Estate Group
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    MIAMI ASSOCIATION OF REALTORS® All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of the Multiple Listing Service. Real estate listings held by brokerage firms other than Marjo Realty Co. may be marked with the Internet Data Exchange logo and detailed information about those properties will include the name of the listing broker(s) when required by the MLS.

    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: Juan C. Carnicer