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Listing 2 out of 163
$799,000 Pending

5301 27th Avenue S
Gulfport, FL 33707

12 units | Multi Family Home
11326 sq ft - MLS# U8033595
Property Photo
1/45

Description

One half acre (2 buildable lots), 2 buildings, 12 residential units in a delightfully eclectic waterfront town! Here is a wonderful opportunity to take over a notably established multifamily complex located on the charming cobblestone streets of Historic Gulfport Florida. This complex, which consist of 10 studio, and 2 one-bedroom units, are filled with tenants who love their home and its proximity to restaurants, bars, boutique stores, galleries, public tennis courts, playground, dog park, and porcelain sand beaches. This complex has been professionally managed and maintained by a local, hands on, property management firm. Some of the units still may benefit from a little cosmetic updating, and with this, the units rental rates will increase drastically. The bones of this property are solid, with recent updates of the electric panels in 2015, interior and exterior paint in 2016, and new roofs on both buildings in 2016. New construction and residential homes are popping up on every side of this complex; this area is only going to get better!  Similar multifamily properties in the area successfully utilize some of their units as vacation rentals! Come see this Historical property in this beautiful location today.

Features

  • Property Type: Multi Family Home
  • Sub Type: Multi-Family
  • Listing Status: Pending
  • County/Area: Pinellas County
  • Zip Code: 33707
  • Year Built: 1928
  • Subdivision/Neighborhood: Veteran City
  • Elementary School: Gulfport Elementary-PN
  • Middle School: Azalea Middle-PN
  • High School: Boca Ciega High-PN
  • Sq.Ft.: 6,157 sq ft
  • Style: Multi-Family (Multi-Family)
  • Stories: Two
  • Units: 12 units
  • Lot Size: 11326 sq ft
  • View: Park, Tennis Court
  • Annual Expenses: 35548
  • Annual Net Income: 44044.00
  • Appliances: Range, Refrigerator
  • Building Area Source: Public Records
  • Building Area Total: 6505.00
  • Building Name Number: 12 OAKS
  • Community Features: Playground, Public Boat Ramp, Tennis Courts
  • Complex Community Name NCCB: 12 OAKS
  • Construction Materials: Siding, Wood Frame
  • Cooling: Wall/Window Unit(s)
  • Country: US
  • Exterior Features: Storage
  • Flooring: Tile, Wood
  • Gross Income: 79592
  • Heating: Baseboard
  • Interior Features: Ceiling Fans(s)
  • Lot Dimensions: 125x175
  • Lot Features: Corner Lot, In City Limits, Near Marina, Near Public Transit, Oversized Lot, Sidewalk, Street Brick, Street Paved
  • Lot Size Square Feet: 21875
  • Other Structures: Shed(s), Storage
  • Parcel Number: 33-31-16-93942-000-0770
  • Property Condition: Completed
  • Tax Year: 2017
  • Tenant Pays: Electricity
  • Total Acreage: 1/2 Acre to 1 Acre
  • Total Num Buildings: 2
  • Township: 31
  • Unit Count: 2
  • Utilities: Cable Available, Public, Water Available
Courtesy of Revelation Real Estate Llc

Alex Williams* | 727-418-1570 | Contact Me
Saint Petersburg, Florida
Copyright ©, All Rights Reserved

Dalton Wade Realty
600 1St Ave N Ste 303A
St.Petersburg, Fl​

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