**Back on the market! This fantastic property is available again due to unforeseen circumstances. Take advantage of this second chance to own your piece of Gulfport!**
Discover a true Gulfport special – a unique property that offers TWO delightful units on a shared parcel, each with its own separate driveways, entryways, and yards. This well-designed multi-family property strikes the perfect balance between entertainment and privacy, making it an ideal choice for families seeking separate living spaces or savvy investors looking for a great rental opportunity! Even better, these units come furnished!
Situated on a corner lot, each unit has its own address, metered power, wifi connection, and thoughtful touches throughout. The main unit (5101 1/2) is 756 sqft, located above the 2-car garage, features 2 bedrooms and 1.5 bathrooms, all adorned with quirky Gulfport-inspired decor. Enjoy the inviting open concept kitchen and living space, perfect for creating lasting memories with your loved ones. The bungalow unit (5101) is 936 sqft and features two beds with a loft area for lounging or working. It's turnkey and has rental booking Sept 7 - Dec 28, 2023 transferred to the buyer for a quick $8,800 in income. CURRENT OWNER OCCUPIED ABOVE GARAGE UNIT AND UTILIZED BUNGALOW UNIT AS SHORT TERM RENTAL PROPERTY PART TIME.
Step outside and immerse yourself in the enchanting Gulfport ambiance. Relax on the screened porch, savoring the soothing sound of raindrops or fire up the grill and entertain your guests by the Tiki bar. The low-maintenance lawn care and brand new artificial grass in the main yard make it a breeze to maintain your outdoor oasis.
For those with a creative spirit, a fantastic artist studio awaits you in the shed behind the bungalow. Let your imagination run wild in this versatile space that can also be used for additional storage or as a toy haven!
This home's location is a dream come true for outdoor enthusiasts, with the Pinellas bike trail just blocks away, offering easy access to artsy downtown Gulfport in under 10 minutes or the beautiful Gulf beaches in 15 minutes. Hop in the car and a quick 15-minute drive from downtown St. Petersburg, Treasure Island, and St. Pete Beach, just 30 miles to Tampa or Sarasota and 100 miles to Orlando, you'll never run out of exciting destinations to explore. And when you're ready for that bigger adventure, Tampa International is just a 30 minute drive!
Let's talk about upgrades! Both buildings boast new roofs, replaced in 2022. The bungalow is equipped with a Nest thermostat for optimal comfort. Additionally, the main home features two new mini-split AC units that ensure your space stays cool and comfortable all year round and solar panels to offset the cost of living.
CURRENT OWNER OCCUPIED ABOVE GARAGE UNIT AND UTILIZED BUNGALOW UNIT AS SHORT TERM RENTAL PROPERTY PART TIME. Bungalow rental income = $18,900 in 2022 and an estimated $15,000 for 2023 (including Sept - Dec renter). An estimated additional $30,000 per year if you decide to rent the main unit as well.
Embrace the potential to maximize this multi-use space for your specific needs, whether it's an outdoor kitchen, extended living space, or something else entirely! With endless possibilities, we've included a custom created floor plan with a CAD file to easily envision your own finishing touches! Come and see for yourself why Gulfport is known for its golf carts, geckos, and, most importantly, it's quirks.