USD $1,200,000
5407 29TH AVENUE S, GULFPORT, FL, 33707, US
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Listing Courtesy of  ENGEL & VOLKERS ST. PETE
6 Bd
4 Ba
3207 sq.ft
AM-5059833
MLS#: TB8323293
RARE GULFPORT FLOOD ZONE X 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.
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.
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Listing Highlights

  • Subtype

    Triplex
  • Price Per Sq Ft

    $374.18
  • View

    City
  • Year Built

    1940
  • Living Area (Sq Ft)

    3207 sq.ft
  • Tax Annual Amount

    $9,515
  • Lot Size Acres

    0.22
  • Lot Size (Sq Ft)

    9675 sq.ft
  • Heating

    Central, Electric
  • Cooling

    Central Air
  • County

    Pinellas
  • Subdivision

    VETERAN CITY

Property Details

  • Interior Features

      Dimensions & Layout

    • Living Area: 3207 Square Feet
    • Bedrooms

    • Bedrooms: 6
    • Bathrooms

    • Total Bathrooms: 4
    • Other Rooms

    • Basement Description: Crawl Space
    • Interior Features

    • Flooring: Ceramic Tile, Wood
    • Window Features: Blinds
    • Laundry Features: Inside
    • Security Features: Smoke Detector(s)
    • Appliances

    • Dishwasher
    • Disposal
    • Dryer
    • Microwave
    • Range
    • Refrigerator
    • Washer
    • Heating & Cooling

    • Heating: Central, Electric
    • Cooling: Central Air
  • Utilities
    Utilities
    Cable Available, Cable Connected
    Water Source
    Public
    Sewer
    Public Sewer
  • Exterior Features
    Lot Features
    Corner Lot, Landscaped, Near Public Transit
    Patio And Porch Features
    Covered, Deck, Patio, Porch
  • Construction
    Property Type
    Residential Income
    Flooring
    Ceramic Tile, Wood
    Year Built
    1940
    Property Subtype
    Triplex
    Foundation Details
    Pillar/Post/Pier
    New Construction
    No
    Roof
    Shingle
    Building Area Total
    3207
  • Parking
    Garage
    No
    Parking Features
    Assigned, Driveway, Guest, Off Street, Open

Location

  • FL
  • GULFPORT
  • 33707
  • Pinellas
  • 5407 29TH AVENUE S

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Updated: April 17, 2025 8:00 AM