Income Producing Property…This unique bungalow offers versatility and income potential with two distinct living spaces. On one side, you’ll find a spacious layout featuring an oversized living area, a full-size kitchen with eat-in dining, and an updated bathroom. The door from the kitchen area leads out to an elevated deck overlooking your private backyard oasis, perfect for relaxing or entertaining. Currently occupied by a long-term tenant, this space provides immediate rental income. The attached in-law suite boasts its own private entrance, a convenient kitchenette, updated bathroom with walk-in shower, and a full-size washer and dryer—ideal for multigenerational living, a guest retreat, or additional rental opportunities. Ample parking, both front and off-street. Nestled in the heart of Gulfport, this property is just minutes from the vibrant Gulfport Arts & Waterfront District, where you’ll enjoy art walks, local dining, live music, and boutique shopping. Plus, you’re only a short drive to award-winning Gulf beaches and downtown St. Pete. This property had NO damage from the 2024 storm season. Located in flood zone “X” and in a non-evacuation zone “E”. Whether you’re looking for a home with built-in rental income, space for extended family, or a property with endless flexibility, 1213 55th St S. is a rare opportunity. Schedule your showing today! Recent updates include: Roof (2015), AC (2015), Electrical panel (2022), and updated plumbing to the main sewer line.