Listing by: Ulrike Cramer, KLEIN & HEUCHAN, INC, 727-216-5934
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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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This information is believed to be accurate, but without any warranty.