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5407 29th AVENUE S, Gulfport, FL 33707
$1,200,000 Asking Price
$---/mo Est. Payment Get Prequalified »
6
beds
4
baths
3,207
sqft
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.
Features & Amenities
Interior
- General:
- Ceiling Fan(s), Living Room/Dining Room Combo
- Rooms:
- Inside Utility
- Appliances:
- Dishwasher, Disposal, Dryer, Microwave, Range, Refrigerator, Washer
- Laundry:
- Inside
- Flooring:
- Ceramic Tile, Hardwood
- A/C:
- true, Central Air
- Heating:
- true, Central, Electric
Exterior
- General:
- Outdoor Grill, Sidewalk, Shed(s)
- Style:
- Bungalow
- Parking:
- Guest, Off Street, Open
Construction
- Roofing:
- Shingle
- Windows:
- Blinds
- General:
- Wood Frame, Two, Crawlspace, Pillar/Post/Pier
Location
- Road/Access:
- Street Brick
- Originating MLS:
- Stellar MLS
- County:
- Pinellas
Lot
- Zoning:
- VETERAN CITY LOT 25, 333116939420000250
- Fencing:
- Fenced, Wood
Utilities
- Utilities:
- Cable Connected, Public, Street Lights
- Water:
- Public
- Sewer:
- Public Sewer
Financial
- Source:
- Stellar MLS
This listing courtesy of:
ENGEL & VOLKERS ST. PETE, Leisa Mohler-Erickson
Monthly Payment
Disabled 10% or more?
Used a VA Loan before?
Eligible for BAH?
Do you have dependents?
Your BAH amount is for the military housing area.
Loan term (number of years)
Property taxes are generally around 1.2% of the home’s value, but may vary based on location.
Annual homeowners insurance is typically 0.35% of the home’s value but can vary based on insurer.
$---
Est. Payment *
- Principal & Interest $--
- Taxes $--
- Insurance $--
- VA Funding Fee $--
$--- Est. Payment - $--- BAH = $--- Remaining
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About Saint Petersburg, FL
Housing
- Number of Units
- 198,858
- Median Home Value
- $268,233
- Median Rent
- $1,040
34.52% of housing units are renter occupied.
14.89% are vacant.
Commute
- Car
-
62.17%
- Public Transportation
-
1.66%
- Walk to Work
-
1.48%
- Work from Home
-
32.47%
- Other
-
1.10%
The median travel time to work is 17 minutes.
People
- Population
- 352,896
- Median Age
- 46.30
- Median Household Size
- 2.36
Education
- High School
-
25.67%
- Associate’s Degree
-
9.20%
- Bachelor’s Degree
-
22.93%
- Graduate Degree
-
13.14%
Disclaimer: Community and Demographic information uses data from the U.S. Census Bureau but is not endorsed or certified by the Census Bureau.
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