Active

$729,000

Features:
  • 5 Bedrooms
  • 5 Bathrooms
  • 2549 sq ft
Overview
  • ID: MFRTB8470910
  • Bedrooms: 5
  • Bathrooms: 5
  • Size: 2549 sq ft
Property Details
Remarks
This exceptional 4-Plex investment opportunity is located in the heart of Dunedin. It offers immediate income, strong location appeal, and multiple avenues for income growth. The property delivers stable cash flow with clear potential to enhance returns by optimizing rents to market levels, capitalizing on short-term rental zoning (Airbnb/VRBO), or leveraging an owner-occupant income strategy. Positioned just minutes from downtown, this asset is not located in a flood zone, helping reduce insurance costs and risk. The property offers 2,550 SF (3,280 SF under roof) with a balanced unit mix of (3) 1BR/1BA and (1) 2BR/2BA, each with private entrances, outdoor patio space, and two dedicated parking spaces, features that drive strong tenant demand and short-term rental appeal. The recently renovated 2BR/2BA unit offers flexibility as a flagship short-term rental unit or an ideal owner-occupant residence. Low operating expenses and tenant-reimbursed utilities create an efficient ownership profile, while below-market rents provide a clear path to increased income over time. 4-Point and Wind Mitigation inspections were completed in March, with clean reports available reinforcing the property’s insurability, financeability, and turnkey investment profile. Located near downtown Dunedin, the Pinellas Trail, waterfront parks, marina, beaches, and a vibrant mix of dining, breweries, and year-round events, the property benefits from consistent demand drivers supporting both long-term and short-term rental performance. This is a rare opportunity to acquire a well-maintained, income-producing asset with built-in upside in one of Tampa Bay’s most desirable coastal submarkets. Opportunities combining in-place income, ShortTermRental flexibility, and non-flood zone positioning in Dunedin are increasingly limited.
Financial Considerations
Price:
$729,000
HOA Fee:
N/A
Tax Amount:
$8801
Price per SqFt:
$285.99
Tax Legal Description:
SUNNY RIDGE BLK 1, LOT 1
Exterior Features
Lot Size:
9357
Lot Features:
Corner Lot, City Limits, Landscaped, Near Public Transit, Paved
Waterfront:
No
Parking Spaces:
N/A
Parking:
Assigned, Covered, Guest, Parking Pad
Roof:
Shingle
Pool:
No
Pool Features:
N/A
Interior Features
Bedrooms:
5
Bathrooms:
5
Heating:
Baseboard, Electric, Space Heater
Cooling:
Wall/Window Unit(s)
Appliances:
Range, Refrigerator
Furnished:
Yes
Floor:
Carpet, Laminate, Linoleum, Luxury Vinyl, Tile
Levels:
One
Additional Features
Property Sub Type:
Quadruplex
Style:
N/A
Year Built:
1959
Construction Type:
Block
Garage Spaces:
No
Covered Spaces:
N/A
Direction Faces:
N/A
Pets Allowed:
No
Special Condition:
None
Additional Features:
Fence, Hurricane Shutters, Lighting, Private Entrance, Sliding Doors, Storage
Additional Features 2:
PLEASE NOTE: Unconditional Short Term Rentals Permitted / AirBNB & VRBO Friendly Units
Map
  • Address
    1301 N LOTUS DR
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