Active

950 BELTREES ST

DUNEDIN FL, 34698

$6,930,000


$277.83 per sqft

Active

24,943 sqft

Commercial

Built in 1989

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.

U8236506

MLS ID

March 28, 2024

Listed

May 31, 2024

Updated

Map

950 BELTREES ST
DUNEDIN FL, 34698

Interior Features

Total Stories

1


Fireplace

No


Cooling

Yes


Cooling Description

Central Air


Heating

No

Exterior/Building Features

Lot Size

2.26 Acres

Other Property Details

Area Name

34698 - Dunedin


Taxes

$35,783


Tax Frequency

Annually


Days on Market

50


Garage

No


View

No


County

Pinellas


Municipality

28


Pool

No


Buyer Agency Compensation

1.5%

Listing History

Date

Event

Price

5/16/2024

Price Change

$6,930,000

-20%

4/26/2024

Price Change

$8,590,000

-15%

Listed by KLEIN & HEUCHAN, INC
Listing Contact: 727-441-1951 

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Data last updated 5/31/2024, 2:42 PM UTC

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