Property
| Ownership: | Fee Simple |
|---|---|
| Type: | Unknown |
| Bedrooms: | 5 BR |
| Bathrooms: | 5 |
| Pets: | Pets Allowed |
| Lot Size: | 0.2 Acres |
Financials
Price:$699,900
Annual Taxes:$8,801
Listing Courtesy of DUNEDIN REALTY LLC
This exceptional 4 Plex investment opportunity is located in the heart of Dunedin.
- Curbside View
- West Aerial
- Overhead View
- 1305 Lotus Dr
- 1305 Carport / Porch
- 1305A 2BR/2BA Apt
- 1305A Entry
- 1305A Living Space
- 1305A Dining Area
- 1305A Natural Light
- 1305A Updated Kitchen
- 1305A Dining-Kitchen
- 1305A Master Bedroom
- 1305A Master Bath
- 1305A Master Shower
- 1305A 2nd Bedroom
- 1305A Hall Bath
- 1305B Front Porch
- 1305B 1BR/1BA Apt
- 1305B Entry
- 1305B Kitchen
- 1305B Living Area
- 1305B Bedroom
- 1305B Private Patio
- 1301 Lotus Dr
- 1301A Carport / Porch
- 1301A 1BR/1BA Apt
- 1301A Entry
- 1301A Kitchen
- 1301A Living Space
- 1301A Dining Area
- 1301A Natural Light
- 1301A Bedroom
- 1301A Bath Vanity
- 1301A Tub & Toilet
- 1301B Front Patio
- 1301B 1BR/1BA Apt
- 1301B Living Space
- 1301B Living / Kitchen
- 1301B Bedroom
- 1301B BR Work Space
- 1301B Bathroom
- 1301B Parking Pad
- 1301B 3-Car Parking
- 1301 Lotus Mailboxes
- 1301A Parking Pad
- Northwest View
- East View
- 4-Plex Laundry Facility
- St Joseph's Sound
- Delightful Downtown
- Main Street
- Old Train Depot
- Pinellas Trail
- Pioneer Park
- Artisan District
- Jolley Trolley
- Highlander Park
- Community Center
- Fine Art Center
- Hammock Park
- Historic Chapel
- Golf Club
- Course Aerial
- Dunedin Causeway
- Honeymoon Island
- City Marina
- Marina Pier
- Fenway Hotel
- Welcome Marquis
Description
This exceptional 4-Plex investment opportunity is located in the heart of Dunedin. It offers immediate income, strong location appeal, and multiple avenues for income growth. The property delivers stable cash flow (7% Cap Rate) with clear potential to enhance returns by optimizing rents to market levels, capitalizing on short-term rental zoning (Airbnb/VRBO), or leveraging an owner-occupant income strategy. Positioned just minutes from downtown, this asset is not located in a flood zone, helping reduce insurance costs and risk. The property offers 2,550 SF (3,280 SF under roof) with a balanced unit mix of (3) 1BR/1BA and (1) 2BR/2BA, each with private entrances, outdoor patio space, and two dedicated parking spaces, features that drive strong tenant demand and short-term rental appeal. The recently renovated 2BR/2BA unit offers flexibility as a flagship short-term rental unit or an ideal owner-occupant residence. Low operating expenses and tenant-reimbursed utilities create an efficient ownership profile, while below-market rents provide a clear path to increased income over time. 4-Point and Wind Mitigation inspections were completed in March, with clean reports available reinforcing the property’s insurability, finance ability, and turnkey investment profile. Located near downtown Dunedin, the Pinellas Trail, waterfront parks, marina, beaches, and a vibrant mix of dining, breweries, and year-round events, the property benefits from consistent demand drivers supporting both long-term and short-term rental performance. This is a rare opportunity to acquire a well-maintained, income-producing asset with built-in upside in one of Tampa Bay’s most desirable coastal submarkets. Opportunities combining in-place income, Short Term Rental flexibility, and non-flood zone positioning in Dunedin are increasingly limited.
Amenities
- Cable Connected
- Ceiling Fans(S)
- City Limits
- Corner Lot
- Double Pane Windows
- Electricity Connected
- Fence
- Garden
- Hurricane Shutters
- Landscaped
- Laundry
- Lighting
- Near Public Transit
- Paved
- Private Entrance
- Range
- Refrigerator
- Sewer Connected
- Sliding Doors
- Storage
- Water Connected
All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without notice. International currency conversions where shown are estimates based on recent exchange rates and are not official asking prices.
All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer.