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5407 29th Avenue S

Gulfport, FL 33707

6 beds
4 baths
3,207 sqft
9,675 sqft lot
$374 per sqft
1940 build
– on site

RARE GULFPORT INCOME-PRODUCING SINGLE FAMILY HOMES (3) W/ LEGAL AIRBNB GRANDFATHER STATUS | 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.

Listing courtesy of STELLAR_MLS / ENGEL & VOLKERS ST. PETE

Last checked: Checking… • Last updated Nov 15, 2024 •

MLS# TB8320872 —

The Building

Year Built:

1940
New Construction:

false
Architectural Style:

Bungalow
Construction Materials:

Wood Frame
Levels:

Two
Roof:

Shingle
Foundation Details:

Crawlspace
Window Features:

Blinds
Patio And Porch Features:

Covered
Security Features:

Smoke Detector(s)
Building Area Total:

3207
Building Area Units:

Square Feet
Building Area Source:

Public Records

Interior

Interior Features:

Ceiling Fan(s)
Furnished:

Furnished
Flooring:

Ceramic Tile
Additional Rooms:

Inside Utility
Fireplace:

false

Room Dimensions

Living Area:

3207
Living Area Units:

Square Feet
Living Area Source:

Owner

Location

Directions:

Head southbound on I-275. Take exit 19 towards 22nd Ave S. Turn left onto 49th St S, Right on 28th Ave S, Next left on 54th St S then right onto 29th Ave S. Property is on your right hand side.
Latitude:

27.741204
Longitude:

-82.706869
Coordinates:

-82.706869, 27.741204

The Property

Parcel Number:

333116939420000250
Property Type:

Residential
Property Subtype:

Single Family Residence
Property Condition:

Completed
Lot Features:

Corner Lot
Lot Size Acres:

0.22
Lot Size Area:

9675
Lot Size SqFt:

9675
Lot Size Dimensions:

60 x 161
Lot Size Units:

Square Feet
Total Acres:

0 to less than 1/4
Direction Faces:

South
View:

false
Exterior Features:

Outdoor Grill
Fencing:

Fenced
Vegetation:

Mature Landscaping
Water Source:

Public
Road Surface Type:

Brick
Road Frontage Type:

Street Brick
Flood Zone Code:

X500
Additional Parcels:

false
Homestead:

false
Lease Restrictions:

false
Land Lease:

false

Listing Agent

Contact info:

Taxes

Tax Year:

2024
Tax Lot:

25
Tax Block:

0/0
Tax Legal Description:

VETERAN CITY LOT 25
Tax Book Number:

H4-17
Tax Annual Amount:

9515

Beds

Bedrooms Total:

6

Baths

Total Baths:

4
Total Baths:

4
Full Baths:

4

The Listing

Special Listing Conditions:

None
Home Warranty:

false

Heating & Cooling

Heating:

Central
Heating:

true
Cooling:

Central Air
Cooling:

true

Utilities

Utilities:

Cable Connected
Sewer:

Public Sewer

Appliances

Appliances:

Dishwasher
Laundry Features:

Inside

Schools

Elementary School:

Gulfport Elementary-PN
Middle Or Junior School:

Azalea Middle-PN
High School:

Boca Ciega High-PN

The Community

Subdivision Name:

VETERAN CITY
Senior Community:

false
Community Features:

Sidewalks
Water View:

false
Water Access:

false
Waterfront:

false
Pool Private:

false
Pets Allowed:

Yes
Association:

false
Association Fee Requirement:

None
Ownership:

Fee Simple

Parking

Garage:

false
Carport:

false
Open Parking:

true
Parking Features:

Guest

Extra Units

Other Structures:

Shed(s)

Monthly cost estimate

Asking price

$1,200,000

Expense	Monthly cost
Mortgage	$6,425
Taxes	$792
Insurance	$330
Utilities	$273 See report
Total	$7,820/mo.^*
	^*This is an estimate

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Sale history

Date	Event	Source	Price	% Change
11/14/24 Nov 14, 2024	Listed / Active	STELLAR_MLS	$1,200,000	92.0% (14.1% / YR)
4/30/18 Apr 30, 2018		STELLAR_MLS	$625,000

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This house located in Veteran City, Gulfport, FL 33707 is currently for sale for $1,200,000. 5407 29th Avenue S is a 3,207 square foot house with 6 beds and 4 baths that has been on Estately for 0 days. 5407 29th Avenue S is in the Veteran City neighborhood of Gulfport. This house is in the attendance area of Gulfport Montessori Elementary and Boca Ciega High School.

Listing Courtesy of: STELLAR_MLS and ENGEL & VOLKERS ST. PETE.

Based on information from the My Florida Regional MLS DBA Stellar MLS 2024.

All information provided is deemed reliable but is not guaranteed and should be independently verified. Stellar MLS, Estately and their affiliates provide the MLS and all content therein “AS IS” and without any warranty, express or implied. The information included in this listing 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. The information on each listing is furnished by the owner and deemed reliable to the best of his/her knowledge, but should be verified by the purchaser. Stellar MLS and Estately assume no responsibility for typographical errors, misprints or misinformation. This property is offered without respect to any protected classes in accordance with the law. For any questions please call (407) 499-8911.