719 Douglas Ave - Apartments FOR SALE


Dunedin, FL 34698- Downtown Dunedin
$2,299,000 USD
727-251-5953
719 Douglas Ave, Dunedin, FL for Sale
$2,299,000 USD
Apartments - FOR SALE
1/48
null | 7.14% Cap Rate

719 Douglas Ave
Dunedin, FL 34698
Downtown Dunedin


HIGHLIGHTS

  • Generated an Impressive $247K in Gross Income Over the Past Year (Jan-Dec 2024 -View Offering Memorandum for Details)
  • Achieved a 38% Year-Over-Year Increase in Gross Income for Sept-Dec 2024 vs Same Period in 2023
  • Highly Favorable DC Zoning, Allowing for Transient Use / Short-Term Rentals (Short-Term = Less than 90-days / 3 Months - City of Dunedin)
  • Limited Competition Due to Restrictive Short-Term Rental Zoning—High Barrier to Entry Market
  • Rare Newly Built, Pristine Vacation Rental Property w/ Loft Style Units, Towering Ceilings & Open Concept Floorplans in Downtown Dunedin, FL
  • Non-Flood Zone Location, Perfectly Positioned within 8-Minute Walk of the Waterfront and Steps from Main Street

OVERVIEW

*** View OFFERING MEMORANDUM at MultifamilyFirm.com for Full Financial Information & Details!! *** ** Generated an Impressive $247K in Gross Income Over the Past Year (2024) and Achieved a 38% Year-Over-Year Increase in Gross Income for Sept-Dec 2024 vs Same Period in 2023 The Multifamily Firm is pleased to present the Little Blue Hideaway, a rare newly built vacation rental property in downtown Dunedin, Florida. Constructed in 2021, the property consists of 4 two-story buildings, each with a loft-style unit, and features towering ceilings, an open-concept floorplan, private outdoor porch, balcony, or patio, private driveway with dedicated parking and a tranquil in-ground swimming pool surrounded by lush tropical landscaping. The Little Blue Hideaway is ideally positioned in a non-flood zone, just a short walk from the waterfront, and in the highly demanded “Downtown Core” zoning district, which is one of the few districts in Dunedin that allows transient use / short-term rentals (Defined as Less than 90-days/3 Months in Dunedin). Additionally, the property is just steps from Main Street, the downtown market and many of Dunedin’s best restaurants, breweries, shops and activities! View OFFERING MEMORANDUM for full details at MultifamilyFirm.com

FOR SALE DETAILS

PRICE

$2,299,000 USD

PRICE/SF

$645 USD /SF

# OF UNITS

4

PRICE/UNIT

$574,750

CAP RATE

7.14%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Little Blue Hideaway

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

2021

PARKING SPACES

10

LAND DETAILS

LAND ACRES

0.29 AC

LAND SF

12,632 SF

ZONING

DC

APN/PARCEL ID

34-28-15-89010-000-0010

ASK ABOUT THIS PROPERTY

Kyle KeelanThe Multifamily Firm, LLCMore Info
727-251-5953

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Kyle KeelanThe Multifamily Firm, LLCMore Info
727-251-5953

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.