$4,100,000
885 Beltrees Street Dunedin, FL 34698
For Sale MLS# TB8325784
8,836 sq ft Multi-family
Details for 885 Beltrees Street
MLS# TB8325784
Description for 885 Beltrees Street, Dunedin, FL, 34698
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, 10 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.
Listing Information
Property Type: Commercial, Multi Family
Status: Active
Lot Size: 0.68 Acres
Square Feet: 8,836 sq ft
Year Built: 1967
Stories: 1 Story
Construction: Block
Subdivision: Hellers Sub
Foundation: Slab
County: Pinellas
Utilities
Cooling: Central Air
Exterior / Lot Features
Lot Dimensions: 175x170
Driving Directions
Just west off Patricia Street in Dunedin
Financial Considerations
Terms: Cash,Conventional
Tax/Property ID: 35-28-15-38088-000-0083
Tax Amount: 40309.11
Tax Year: 2023
Price Changes
| Date | Price | Change |
|---|---|---|
| 11/29/2024 01.11 PM | $4,100,000 |
A broker reciprocity listing courtesy: LOMBARDO TEAM REAL ESTATE LLC
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Sales History & Tax Summary for 885 Beltrees Street
Sales History
| Date | Price | Change |
|---|---|---|
| Currently not available. | ||
Tax Summary
| Tax Year | Estimated Market Value | Total Tax |
|---|---|---|
| Currently not available. | ||
Data powered by ATTOM Data Solutions. Copyright© 2024. Information deemed reliable but not guaranteed.
Schools
Schools nearby 885 Beltrees Street
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Data powered by ATTOM Data Solutions. Copyright© 2024. Information deemed reliable but not guaranteed.
The schools shown represent both the assigned schools and schools by distance based on local school and district attendance boundaries. Attendance boundaries change based on various factors and proximity does not guarantee enrollment eligibility. Please consult your real estate agent and/or the school district to confirm the schools this property is zoned to attend. Information is deemed reliable but not guaranteed.
SchoolDigger ® Rating
The SchoolDigger rating system is a 1-5 scale with 5 as the highest rating. SchoolDigger ranks schools based on test scores supplied by each state's Department of Education. They calculate an average standard score by normalizing and averaging each school's test scores across all tests and grades.
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