Dunedin Multifamily Investment
79 PATRICIA AVENUE Dunedin, FL 34698
79 PATRICIA AVENUE, Dunedin, FL, 34698
$399,999
Pending
For Sale
$399,999
Pending
Multifamily property in Dunedin, Florida, with renovation potential.
Property Size1,838 SF
Days on Market450
Property Features for 79 PATRICIA AVENUE
General Information
- Standard status
- Pending
- Size
- 1,838 SF
- Property subtype
- Multi Family
Building Details
- Year Built
- 1960
Listing agency
DALTON WADE INC
(727) 378-2337
Listed by
Paula Knipp · License #3525722
(727) 378-2337
Source
Exitrealty
Added: Apr 28, 2025 Updated: Jul 10 at 1:43PM Checked: Jul 21 at 4:54AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of DALTON WADE INC
Investment Insights
Based on property information with market context.
Located in Dunedin, Florida, this multifamily property presents an investment opportunity. The property includes multiple units, each featuring its own kitchen, full bathroom, and separate entrance. The front unit includes 2 bedrooms, 1.5 bathrooms, and a laundry room. An efficiency studio apartment contains a kitchen and full bathroom. The side unit features a 2-room, 1-bathroom layout with its own kitchen. Demo work has been initiated. The property has a fully fenced yard, enclosed rear porch, and additional storage area. A roof replacement was completed in 2016, HVAC in 2020, and water heater from 2016. The property is located in Flood Zone X and experienced no damage from recent hurricanes. It is situated close to schools, downtown Dunedin, shopping, the Toronto Blue Jays Stadium, and Gulf beaches. The property is being sold AS-IS with right to inspect.
Key Highlights
- Prime Location: Close to downtown Dunedin, schools, shopping, Toronto Blue Jays Stadium, and Gulf beaches.
- Multi‑Family Potential: Features three separate units each with a kitchen and bathroom, offering flexibility for rental income or multi‑generational living.
- Includes roof replacement (2016), HVAC (2020), and water heater (2016).
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $33.1k | $18.00 |
| − Vacancy | −$2.3k | −$1.28 |
| EGI | $30.7k | $16.72 |
| − OpEx | −$13.8k | −$7.52 |
| NOI | $16.9k | $9.20 |
1,838 SF · lease $18.00/SF/yr · vacancy 7.10% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$241.5K
$211.3K – $281.7K
NOI $16,904 @ 7.0% cap · market cap 4.23%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$478.1K
$418.3K – $557.8K
NOI $33,465 @ 7.0% cap · market cap 8.37%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Multifamily property - Multifamily property in Dunedin, Florida, with renovation potential.
Where is this multifamily property located?
The property is located at 79 PATRICIA AVENUE Dunedin, FL.
What is the asking price?
The asking price for this property is $399,999.
What are key features of this property?
This property features: Prime Location: Close to downtown Dunedin, schools, shopping, Toronto Blue Jays Stadium, and Gulf beaches.; Multi‑Family Potential: Features three separate units each with a kitchen and bathroom, offering flexibility for rental income or multi‑generational living.; Includes roof replacement (2016), HVAC (2020), and water heater (2016).
