950 BELTREES STREET DUNEDIN FL 34698 MLS #U8236506

950 BELTREES STREET
DUNEDIN, FL, 34698
$9,990,000
Beds
0 Baths
24,943 SqFt
2.26 Acres
$9,990,000
950 BELTREES STREET
DUNEDIN, FL, 34698
Klein and Heuchan presents an exceptional opportunity to acquire a multi-family property situated in Dunedin, Florida, renowned
as one of the most vibrant rental markets within the Tampa Bay area. Comprising eight block buildings, the property boasts a total of (12)
spacious three-bedroom, two-bathroom units, and (13) two-bedroom, two-bathroom units. Each unit features a kitchen/great room
concept and generous walk-in closets, providing an attractive living space for tenants. Furthermore, with two bathrooms in each unit, this
layout is highly sought-after among renters. All units are conveniently located on the ground floor with large fully fenced yards, enhancing
the appeal of the property. One unit has been significantly upgraded (see first page of interior pictures of marketing package). Half of the rest
have been recently upgraded (see second page of interior pictures of marketing package). The remaining units are in good shape with long term tenants. Parking lot asphalt and sidewalks have recently been upgraded making the property better for tenants and insurance purposes. Currently leased to Annual Tenants, it’s worth noting that the current rental rates significantly undersell the prevailing market rates, representing a considerable upside potential for investors. Strategically positioned in downtown Dunedin, residents will enjoy proximity to various attractions including Honeymoon Island, ranked as the #1 State Park in Florida, along with Caladesi Island and the Pinellas Trail. In summary, this property presents an outstanding investment opportunity in one of the most desirable locations within Tampa Bay.

Property Details

Price:
$9,990,000
MLS #:
U8236506
Status:
Active
Beds:
0
Baths:
0
Address:
950 BELTREES STREET
Type:
Commercial
Subtype:
Multi Family
Subdivision:
SUNNY VIEW SUB
City:
DUNEDIN
Listed Date:
Mar 27, 2024
State:
FL
Finished Sq Ft:
24,943
ZIP:
34698
Lot Size:
98,620 sqft / 2.26 acres (approx)
Year Built:
1989

Schools

Interior

Cooling
Central Air

Exterior

Construction Materials
Block

Financial

Buyer Agent Compensation
1.5%%
Tax Year
2023
Taxes
$35,783
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950 BELTREES STREET
DUNEDIN, FL