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Bryan Fangman

bryan@precisionapproachrealty.com +1(407) 513-2124

$ 1,200,000

Est. payment -/mo

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5407 29TH AVE S Gulfport, FL 33707

6 Beds

4 Baths

3,207 SqFt

UPDATED:

Key Details

Property Type Single Family Home

Sub Type Single Family Residence

Listing Status Active

Purchase Type For Sale

Square Footage 3,207 sqft

Price per Sqft $374

Subdivision Veteran City

MLS Listing ID TB8320872

Bedrooms 6

Full Baths 4

Construction Status Completed

HOA Y/N No

Year Built 1940

Annual Tax Amount $9,515

Lot Size 9,583 Sqft

Acres 0.22

Lot Dimensions 60x161

Property Sub-Type Single Family Residence

Source Stellar MLS

Property Description

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.

Location

State FL

County Pinellas

Community Veteran City

Area 33707 - St Pete/South Pasadena/Gulfport/St Pete Bch

Direction S

Rooms

Other Rooms Inside Utility

Interior

Interior Features Ceiling Fans(s), Living Room/Dining Room Combo

Heating Central, Electric

Cooling Central Air

Flooring Ceramic Tile, Wood

Furnishings Furnished

Fireplace false

Appliance Dishwasher, Disposal, Dryer, Microwave, Range, Refrigerator, Washer

Laundry Inside

Exterior

Exterior Feature Outdoor Grill, Sidewalk

Parking Features Guest, Off Street, Open

Fence Fenced, Wood

Community Features Sidewalks, Street Lights

Utilities Available Cable Connected, Public

Roof Type Shingle

Porch Covered, Deck, Patio, Porch

Garage false

Private Pool No

Building

Lot Description Corner Lot, City Limits, Landscaped, Near Public Transit, Street Brick

Entry Level Two

Foundation Crawlspace, Pillar/Post/Pier

Lot Size Range 0 to less than 1/4

Sewer Public Sewer

Water Public

Architectural Style Bungalow

Structure Type Frame

New Construction false

Construction Status Completed

Schools

Elementary Schools Gulfport Elementary-Pn

Middle Schools Azalea Middle-Pn

High Schools Boca Ciega High-Pn

Others

Pets Allowed Yes

Senior Community No

Ownership Fee Simple

Acceptable Financing Cash, Conventional, FHA, VA Loan

Membership Fee Required None

Listing Terms Cash, Conventional, FHA, VA Loan

Special Listing Condition None

Virtual Tour https://www.propertypanorama.com/instaview/stellar/TB8320872

Listed by ENGEL & VOLKERS ST. PETE

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Bryan Fangman

Broker / Owner | License ID: BK679904

+1(407) 513-2124

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Bryan Fangman

5407 29TH AVE S Gulfport, FL 33707

Key Details

Location

Rooms

Interior

Exterior

Building

Schools

Others

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5407 29TH AVE S