Active

$6,930,000

Features:
  • Bedrooms
  • 0 Bathrooms
  • 24943 sq ft
Overview
  • ID: MFRU8236506
  • Bedrooms:
  • Bathrooms: 0
  • Size: 24943 sq ft
Property Details
Remarks
Klein and Heuchan presents an exceptional opportunity to acquire a multi-family property situated in Dunedin, Florida, renowned as one of the most vibrant rental markets within the Tampa Bay area. Comprising eight block buildings, the property boasts a total of (12) spacious three-bedroom, two-bathroom units, and (13) two-bedroom, two-bathroom units. Each unit features a kitchen/great room concept and generous walk-in closets, providing an attractive living space for tenants. Furthermore, with two bathrooms in each unit, this layout is highly sought-after among renters. All units are conveniently located on the ground floor with large fully fenced yards, enhancing the appeal of the property. One unit has been significantly upgraded (see first page of interior pictures of marketing package). Half of the rest have been recently upgraded (see second page of interior pictures of marketing package). The remaining units are in good shape with long term tenants. Parking lot asphalt and sidewalks have recently been upgraded making the property better for tenants and insurance purposes. Currently leased to Annual Tenants, it's worth noting that the current rental rates significantly undersell the prevailing market rates, representing a considerable upside potential for investors. Strategically positioned in downtown Dunedin, residents will enjoy proximity to various attractions including Honeymoon Island, ranked as the #1 State Park in Florida, along with Caladesi Island and the Pinellas Trail. In summary, this property presents an outstanding investment opportunity in one of the most desirable locations within Tampa Bay.
Financial Considerations
Price:
$6,930,000
HOA Fee:
N/A
Tax Amount:
$35782.78
Price per SqFt:
$277.83
Tax Legal Description:
SUNNY VIEW SUB 16043/1988) BLK D, LOTS 5 THRU 13 TOGETHER WITH W 104FT OF S 418FT OF LOT 5 OF I HELLERS SUB ALL LESS THOSE PARTS LYING WITHIN 40FT OF S LINE OF NW 1/4 OF SEC FOR RD R/W (PER OR'S 15972 PG'S 6, 8, 11, 20 & 23 &
Exterior Features
Lot Size:
98620
Lot Features:
N/A
Waterfront:
No
Parking Spaces:
N/A
Parking:
N/A
Roof:
N/A
Pool:
No
Pool Features:
N/A
Interior Features
Bedrooms:
Bathrooms:
0
Heating:
N/A
Cooling:
Central Air
Appliances:
N/A
Furnished:
No
Floor:
N/A
Levels:
N/A
Additional Features
Property Sub Type:
Multi-Family
Style:
N/A
Year Built:
1989
Construction Type:
Block
Garage Spaces:
No
Covered Spaces:
N/A
Direction Faces:
N/A
Pets Allowed:
No
Special Condition:
None
Additional Features:
N/A
Additional Features 2:
N/A
Map
  • Address
    950 BELTREES ST
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