Love Life
1600 Pasadena Dr, Dunedin, FL 34698
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  • MLS#: TB8375710 ( Multi-Family )
  • Street Address: 1600 Pasadena Dr
  • Viewed: 32
  • Price: $869,950
  • Price sqft: $470
  • Waterfront: No
  • Year Built: 1950
  • Bldg sqft: 1851
  • Days On Market: 46
  • Additional Information
  • Geolocation: 28.0275 / -82.7888
  • County: PINELLAS
  • City: Dunedin
  • Zipcode: 34698
  • Subdivision: Dunedin Isles 1
  • Provided by: HOMEFRONT REALTY
  • DMCA Notice
  • Description
    Turnkey Dunedin Triplex Located in the beloved Dunedin Golf Cart Zone, steps from the waterfront and perched on the Pinellas Trail this is an Exclusive 5 star rated investment or lifestyle opportunity! Live in the 3 bedroom, 2 bathroom main house and rent the two wonderful studio apartments. If you qualify for a $500,000 mortgage, you may qualify for this home with the expected rental income offset from the two studios. A mortgage fact sheet is available from our preferred lender. This rare triplex is situated a block from the scenic 36 mile Pinellas Trail and just steps from stunning sunset views across St. Joseph's Sound. Built of solid cement block in a ranch style layout, it offers three fully separate private units with no shared living spaceideal for full time rental income, a hybrid live and rent setup, or a multigenerational lifestyle home. Zoned for short term 90 day rentals and located outside the flood zone, this property has NO history of storm surge or water damage. Its unbeatable location and proven cash flow deliver strong ROI and peace of mind. High ROI & Financing Advantage Net Operating Income (NOI) of 6.7%+ with upside potential; assumable 5.25% mortgage available to qualified buyersa rare financing opportunity in todays market. Live in one unit while renting the others or lease all three for maximum income. The MAIN HOME features 3 bedrooms, private entry, full kitchen, spacious living areas, modern coastal dcor, and its own fenced yard. Cement block construction ensures quiet, durable, low maintenance living. STUDIO A is a newly built Tiny Housestyle loft unit with modern finishes, private entrance, and a large yard shared with Studio B. STUDIO B is a single level, fully furnished studio apartment with a 94% occupancy rate, private entrance, and access to the shared backyard. No units share interior spaceeach is completely self contained. Both studios boast new kitchens and HVAC systems. Proven Performance & Guest Appeal Consistently 5 star reviewed on Airbnb and VRBO. High season bookings are secured a year in advance for the main house and Studio B and returning guest waitlists keep vacancy low. Walk, bike or golfcart to downtown Dunedins award winning breweries, restaurants, boutiques, art galleries, and community events. Minutes from Honeymoon Island, Clearwater Beach, and the Marina. Close to the American Legion, parks, and seasonal festivals. The published expected rent is based on current annual rates. The property has a history of much higher rental rates on shorter stays. Whether youre an investor seeking reliable cash flow, a snowbird wanting built in rental income, or a local looking for a smart live and rent arrangement, this Dunedin triplex delivers location, lifestyle, flexibility, and financial performance. ** This home is also listing as a residential property. MLS# TB8379862
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  • Possible terms: Assumable, Cash, Conventional
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  • Views: 32
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Headshot for Associate Dennis Dial
  1. The Dial Team
  2. Tropic Shores Realty
  3. Love Life
  4. Mobile: 561.201.4476
  5. dennisdialsells@gmail.com