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950 BELTREES STREET

Dunedin, FL 34698

3 days ago

REDUCED

$8,590,000

For Sale

24,943

Sq.Ft.

2.26

Acres

MLS# U8236506

Cumulative Days on Market: 32 (since March 28th, 2024) Data provided by the MLS.

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Property Details

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.

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Property Highlights

Price

$8,590,000

Property Type

Commercial Sale

Property Sub Type

Multi-Family

Year Built

1989

Acres

2.26

Location

Area

34698 - Dunedin

County

Pinellas

Subdivision

SUNNY VIEW SUB

Property Details

Price

$8,590,000

Property Sub Type

Multi-Family

Property Type

Commercial Sale

Building

Stories

1

Total Area

24,943

Interior Features

Area and Spaces

Living Area

24,943

Building Details

Construction

Foundation

Slab

Year Built

1989

Materials

Construction Materials

Block

Terms

Terms

Ownership

Sole Proprietor

Special Conditions

None

Taxes

Tax

Tax (Annual)

$35,783

Heating, Cooling & Utilities

Cooling Features

Central Air

Lot

Acres

2.26

Lot Size Area Sq Ft

98,620

Listed by Klein & Heuchan, Inc, 727-441-1951.

Listing Data last updated 04/28/2024 09:03 PM

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Property History

2 days ago

Property information last updated

3 days ago

Date of last price change

32 days ago

Status Active. This is the date the listing was placed on market.

NOTE: Cumulative Days on Market: 32. Data provided by the MLS.

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Listings courtesy of Stellar MLS as distributed by MLS GRID. IDX information is provided exclusively for consumers' personal non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed by MLS GRID. Based on information submitted to the MLS GRID as of 04/28/2024 09:03 PM. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Properties displayed may be listed or sold by various participants in the MLS.

Listing Data last updated: 04/28/2024 09:03 PM

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950 BELTREES STREET - MLS#U8236506 - $8,590,000

Listed by Klein & Heuchan, Inc

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