Listing by: Ulrike Cramer, KLEIN & HEUCHAN, INC, 727-216-5934

0 Beds

n/a Full bath

24,943 SqFt

Active

Klein and Heuchan presents an exceptional opportunity to acquire a multi-family property situated in Dunedin, Florida, renowned as one of the most vibrant rental markets within the Tampa Bay area. Comprising eight block buildings, the property boasts a total of (12) spacious three-bedroom, two-bathroom units, and (13) two-bedroom, two-bathroom units. Each unit features a kitchen/great room concept and generous walk-in closets, providing an attractive living space for tenants. Furthermore, with two bathrooms in each unit, this layout is highly sought-after among renters. All units are conveniently located on the ground floor with large fully fenced yards, enhancing the appeal of the property. One unit has been significantly upgraded (see first page of interior pictures of marketing package). Half of the rest have been recently upgraded (see second page of interior pictures of marketing package). The remaining units are in good shape with long term tenants. Parking lot asphalt and sidewalks have recently been upgraded making the property better for tenants and insurance purposes. Currently leased to Annual Tenants, it's worth noting that the current rental rates significantly undersell the prevailing market rates, representing a considerable upside potential for investors. Strategically positioned in downtown Dunedin, residents will enjoy proximity to various attractions including Honeymoon Island, ranked as the #1 State Park in Florida, along with Caladesi Island and the Pinellas Trail. In summary, this property presents an outstanding investment opportunity in one of the most desirable locations within Tampa Bay.

Property Details
Price $6,930,000
Lot Size Area 2.264
Lot Size Area Units Acres
Acres 2.26
Property Type Commercial
MLS Sub type Multi Family
Year Built 1989
Subdivision SUNNY VIEW SUB
Foundation Slab
Geographic Data
Directions Just North on Beltrees
County Pinellas
Latitude 28.005414
Longitude -82.7772
Market Area 34698 - Dunedin
Address Information
Address 950 Beltrees STREET, DUNEDIN, FL 34698
Postal Code 34698
City DUNEDIN
State FL
Country United States
Listing Information
Listing Office KLEIN & HEUCHAN, INC
Listing Office Phone 727-441-1951
Listing Agent Ulrike Cramer
Listing Agent Phone 727-216-5934
Buyer Agency Compensation 1.5%
Compensation Disclaimer The offer of compensation is made only to participants of the MLS where the listing is filed.
Special listing conditions None
Ownership Sole Proprietor
MLS® Information
Days on market 50
MLS® Status Active
Listing Date Mar 27, 2024
Listing Last Modified May 16, 2024
Tax ID 352815871740040050
Tax Year 2023
Tax Annual Amount 35782
MLS® Area 34698 - Dunedin
MLS® # U8236506

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