Active

5407 29TH AVE S

GULFPORT FL, 33707

$1,200,000


$374.18 per sqft

Active

3,207 sqft

Multi-family

Built in 1940

RARE GULFPORT 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.

TB8323293

MLS ID

November 20, 2024

Listed

January 28, 2025

Updated

Map

5407 29TH AVE S
GULFPORT FL, 33707

Interior Features

Total Stories

2


Interior Features

Ceiling Fans(s), Living Room/Dining Room Combo


Appliances

Dishwasher, Disposal, Dryer, Microwave, Range, Refrigerator, Washer


Laundry Description

Inside


Floor Description

Ceramic Tile, Wood


Fireplace

No


Cooling

Yes


Cooling Description

Central Air


Heating

Yes


Heating Description

Central, Electric

Exterior/Building Features

Lot Size

0.22 Acres


Exterior Features

Outdoor Grill, Sidewalk


Lot Features

Corner Lot, City Limits, Landscaped, Near Public Transit, Street Brick


Roof

Shingle


Sewer

Public Sewer

School Information

High School

Boca Ciega High-PN


Elementary School

Gulfport Elementary-PN

Other Property Details

Area Name

33707 - St Pete/South Pasadena/Gulfport/St Pete Bch


Taxes

$9,515


Tax Frequency

Annually


Days on Market

69


Association Fee Frequency

Monthly


Garage

No


Parking

Guest, Off Street, Open


View

No


County

Pinellas


Municipality

31


Water Source

Public


Pool

No

Listed by ENGEL & VOLKERS ST. PETE
Listing Contact: 727-295-0000 

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Data last updated 1/28/2025, 4:48 PM UTC

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