5301 27th Avenue S
GULFPORT, FL 33707

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.

Details

MLS#U8033595
Sub-TypeResale
StatusPending
Year1928
Days On Site70

Features

SQ Feet6,157
Units12
Building(s)2
Property ViewYes

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Area Information

StateFL
CountyPinellas
CityGULFPORT
Zip Code33707
Area33707 St Pete/South Pasadena/Gulfport/St Pete Bch
Listing VS Median (in 33707)
Price:
$799,000
low | high
Med:
$268,750
100% of Average
SqFt:
6,157
low | high
Med:
1,379
100% of Average
$ / SqFt:
$130
low | high
Med:
$195
2% of Average
On Site:
70
low | high
Med:
70.500000
99.290780141844% of Average
Listing Updated: 04/22/2019
MLS Number: U8033595
Listing Provided By:
Valerie Viggiano  of  REVELATION REAL ESTATE LLC

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