Property details

$1,200,000
MLS#: TB8320872
  • Bedrooms: 6
  • Baths: 4
  • Sq.Ft.: 3,207
  • Year Built: 1940
  • Subdivision: VETERAN CITY

5407 29TH AVENUE S, 33707

More information

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.

Property Features

  • Lot Size: 9,675
  • County: Pinellas
  • Taxes: $9,515
Rooms Dimension Description
Living Room 10x12 First
Kitchen 8x10 First
Primary Bedroom 10x9 First

Interior Features

  • Features - Ceiling Fan(s), Living Room/Dining Room Combo
  • Appliances - Dishwasher, Disposal, Dryer, Microwave, Range, Refrigerator, Washer
  • Heating - Central, Electric
  • AirConditioning - Central Air
  • FloorCovering - Ceramic Tile, Hardwood
  • Utilities - Cable Connected, Public, Street Lights

Exterior Features

  • Location - Corner Lot , City Lot , Landscaped , Near Public Transit
  • ArchitecturalStyle - Bungalow
  • Construction - Wood Frame
  • Features - Outdoor Grill , Sidewalk
  • Roof - Shingle
  • Foundation - Crawlspace , Pillar/Post/Pier

Schools

  • Elementary - Gulfport Elementary-PN
  • Middle school - Azalea Middle-PN
  • High school - Boca Ciega High-PN

Birdseye view for 5407 29TH AVENUE S, FL 33707

Street view for 5407 29TH AVENUE S, FL 33707

Listing information courtesy of ENGEL & VOLKERS ST. PETE


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Listing data comes from My Florida Regional MLS.