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