Active

$653,000

Features:
  • 6 Bedrooms
  • 3 Bathrooms
  • 2541 sq ft
Overview
  • ID: MFRTB8401374
  • Bedrooms: 6
  • Bathrooms: 3
  • Size: 2541 sq ft
Property Details
Remarks
Unique investment opportunity in the heart of Pasadena On The Gulf! This fully accessible, single-story triplex was built in 1994 and offers three well-designed 2-bedroom, 1-bathroom units, each with approximately 850 sq ft of living space. Set on a generous 0.26-acre lot with a total building size of 2,541 sq ft, the property is ideal for both long-term rental income and specialized housing needs. This is a true value-add property with strong fundamentals and excellent upside potential through strategic updates or rent increases. Each unit is wheelchair-accessible, featuring step-free entrances, wide doorways, and open floor plans that comfortably accommodate residents with mobility needs. A standout feature is the three covered parking spaces, each designed to fit high-top vans, making it perfect for tenants requiring specialized vehicles. Located directly on the Pinellas Trail, this property offers easy access to outdoor recreation and is just minutes from downtown Gulfport, St. Petersburg, and the Gulf beaches. Families will appreciate the nearby schools, including Bear Creek Elementary (0.3 mi), Azalea Middle School (2.9 mi), and Boca Ciega High School (0.3 mi). Whether you're an investor looking for steady cash flow or a buyer seeking a unique multi-unit property with built-in accessibility, this value-add triplex delivers on location, functionality, and long-term growth potential. Two of the units are like kind to the pictures, one of the units is in need of a full rehab.
Financial Considerations
Price:
$653,000
HOA Fee:
N/A
Tax Amount:
$10591.58
Price per SqFt:
$256.99
Tax Legal Description:
PASADENA PARK W.A.B. REPLAT LOT 1 AND VAC ST ON S
Exterior Features
Lot Size:
11252
Lot Features:
N/A
Waterfront:
No
Parking Spaces:
N/A
Parking:
Assigned
Roof:
Shingle
Pool:
No
Pool Features:
N/A
Interior Features
Bedrooms:
6
Bathrooms:
3
Heating:
Central, Electric
Cooling:
Central Air
Appliances:
Dishwasher, Electric Water Heater, Range, Refrigerator
Furnished:
No
Floor:
Carpet, Ceramic Tile
Levels:
One
Additional Features
Property Sub Type:
Triplex
Style:
N/A
Year Built:
1994
Construction Type:
Block, Stucco
Garage Spaces:
No
Covered Spaces:
N/A
Direction Faces:
N/A
Pets Allowed:
No
Special Condition:
None
Additional Features:
Fence, Private Mailbox, Sidewalk, Sliding Doors
Additional Features 2:
N/A
Map
  • Address
    5801 FAIRFIELD AVE S
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