Overview

Offered by

Sean Dreznin

Dreznin Pappas Commercial Real Estate LLC

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Description

Prospective purchasers are encouraged to visit the subject property and drive by prior to submitting offers. However, all property tours must be arranged with the Dreznin Pappas agents. At no time shall the tenants, on-site management or staff be contacted without prior approval.

As of late November, Fannie Mae is releasing a new acquisition program which allows owner occupied purchasers of 4-units or less properties to qualify for 5% downpayment versus the current 25% requirement. This is substantial and may allow this particular property to be more accessible for Buyers.

4-unit multifamily village in Dunedin, Fl (Tampa Bay MSA)

Further upside available through implementing of utility pass throughs and rental increases via renewals and new leases.

Numerous interior updates including flooring, cabinetry and appliances, countertops and upgraded fixtures.

3 Total Buildings with two residential structures and a storage building.

Lyndhurst Building has 3 units consisting of

(1) Two Bedroom/One Bath
(1) One Bedroom/One Bath
(1) Studio

Concrete Block Construction built in 2002.

The New York Ave Building is a single family (3/2) Three bedroom/Two Bath. Originally built in 1920, this has pier foundation and wood frame construction. A classic Florida property with an open yard and privacy fencing.

Highlights

• The storage building onsite provides coin operated laundry for all 4 units and also some storage space.
• First Class walkability - situated less than one mile to Downtown Dunedin and half mile to TD Ballpark, Spring training home of the Toronto Blue Jays.
• Located less than one mile to Mease Dunedin Hospital a 120 bed BayCare facility with approximately 700 full-time employees as well as the Pinellas Trail, Florida's most traveled recreation trail.
• Minutes to Honeymoon Island State Park, Caladesi and world renowned Clearwater Beach.
• Located within Florida's most densely populated county.

Documents

Location

Gallery