Dunedin, FL 34698,885 BELTREES ST
Dunedin, FL 34698,885 BELTREES ST
Dunedin, FL 34698,885 BELTREES ST
Dunedin, FL 34698,885 BELTREES ST
Dunedin, FL 34698,885 BELTREES ST
Dunedin, FL 34698,885 BELTREES ST

HOW MUCH WOULD YOU LIKE TO OFFER FOR THIS PROPERTY?

Additional details
$ 3,700,000
Est. payment | /mo

8,836 SqFt


$ 3,700,000
Est. payment | /mo

8,836 SqFt

Key Details

Property Type Commercial

Sub Type Multi Family

Listing Status Active

Purchase Type For Sale

Square Footage 8,836 sqft

Price per Sqft $418

Subdivision Hellers Sub

MLS Listing ID TB8325784

HOA Y/N No

Year Built 1967

Annual Tax Amount $40,309

Lot Size 0.680 Acres

Acres 0.68

Lot Dimensions 175x170

Property Sub-Type Multi Family

Source Stellar MLS

Property Description

Charming Multifamily Investment Opportunity in Dunedin, FL

Discover the perfect blend of steady revenue and lucrative potential with this exquisite 16-unit multifamily residence at 885 Beltrees St, Dunedin. Strategically located just moments from the vibrant downtown area and the serene waterside, this property presents a unique investment opportunity. Currently fully occupied with stellar tenants, the building offers a mix of long-term stability and high-yield short-term rental possibilities, ideal for catering to honeymooners and vacationers drawn to nearby Clearwater.

Significant capital improvements underscore the building's value, with recent installations including four new roofs and modern air conditioning systems across all units. Notably, 12 of the 16 units have been thoughtfully upgraded, enhancing appeal and comfort. The proximity to local attractions, combined with the charm of Dunedin's bustling community life and scenic vistas, makes this property highly attractive.

Optimized Living with Future Enhancements

Investors will appreciate the proactive maintenance efforts: a new fence installation is underway to replace minor hurricane damage, ensuring enhanced security and privacy for residents. This update, along with new pavement for the back apartments, will be completed soon, offering the new owner peace of mind and minimal upkeep requirements. Despite its proximity to coastal weather influences, the property has sustained virtually no damage, standing in mint condition and ready for immediate occupancy.

This property not only promises consistent income through its existing tenancies but also holds potential for significant returns on short-term rentals, thanks to its prime location near top-rated beaches, eclectic shops, and gourmet dining. The dual rental strategy enables balancing reliable income with high-profit short-term accommodations, making it an ideal choice for savvy investors seeking to capitalize on Florida's booming rental market.

Disclosure: The new fence installation is a response to minor hurricane damage; no other impacts have been noted. This timely enhancement, along with the strategic location and substantial upgrades, firmly positions 885 Beltrees St as a premier property in Dunedin's competitive real estate market.

Disclaimer: All information is believed to be accurate but may be subject to verification and change.

Location

State FL

County Pinellas

Community Hellers Sub

Area 34698 - Dunedin

Interior

Cooling Central Air

Building

Story 1

Foundation Slab

Lot Size Range 1/2 to less than 1

Structure Type Block

New Construction false

Others

Ownership Corporation

Acceptable Financing Cash, Conventional, Other, Owner Financing

Listing Terms Cash, Conventional, Other, Owner Financing

Special Listing Condition None

Virtual Tour https://www.propertypanorama.com/instaview/stellar/TB8325784

Stellar MLS
Listed by Katelyn Robideaux LOMBARDO TEAM REAL ESTATE LLC
Keith Francis

"People Before Property"

Assisting buyers and sellers in achieving their goals is literally what I love to do!

 

+1(904) 874-2066

keith@roundtablerealty.com

1637 Racetrack Rd # 100, Johns, FL, 32259, United States

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885 BELTREES ST