Active

$1,200,000

Features:
  • 6 Bedrooms
  • 4 Bathrooms
  • 3207 sq ft
Overview
  • ID: MFRTB8323293
  • Bedrooms: 6
  • Bathrooms: 4
  • Size: 3207 sq ft
Property Details
Remarks
RARE GULFPORT FLOOD ZONE X INCOME-PRODUCING SINGLE FAMILY HOMES (3) ZONED FOR LEGAL NIGHTLY RENTALS IN THE GULFPORT WATERFRONT REDEVELOPMENT DISTRICT | 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.
Financial Considerations
Price:
$1,200,000
HOA Fee:
N/A
Tax Amount:
$9515
Price per SqFt:
$374.18
Tax Legal Description:
VETERAN CITY LOT 25
Exterior Features
Lot Size:
9675
Lot Features:
Corner Lot, City Limits, Landscaped, Near Public Transit, Street Brick
Waterfront:
No
Parking Spaces:
N/A
Parking:
Assigned, Driveway, Guest, Off Street, Open
Roof:
Shingle
Pool:
No
Pool Features:
N/A
Interior Features
Bedrooms:
6
Bathrooms:
4
Heating:
Central, Electric
Cooling:
Central Air
Appliances:
Dishwasher, Disposal, Dryer, Microwave, Range, Refrigerator, Washer
Furnished:
Yes
Floor:
Ceramic Tile, Wood
Levels:
Two
Additional Features
Property Sub Type:
Triplex
Style:
N/A
Year Built:
1940
Construction Type:
Frame
Garage Spaces:
No
Covered Spaces:
N/A
Direction Faces:
N/A
Pets Allowed:
No
Special Condition:
None
Additional Features:
Outdoor Grill, Sidewalk
Additional Features 2:
Inside legal rental area in the city of Gulfport to rent nightly
Map
  • Address
    5407 29TH AVE S
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