3025 54Th St Gulfport, FL 33707
- Multifamily properties
- 3,672 SF
- 0.20 lot acres
Current Use by Public Records
- Multifamily properties
Property Details for 3025 54Th St
- Year built
- 1973
- Lot size
- 0.20 lot acres
- Property size
- 3,672 SF
- Property type
- Multifamily properties
Description
This exceptional five-unit multi-family property, located at 3025 54th Street S in Gulfport, Florida, presents a lucrative investment opportunity. Situated on a 0.2-acre lot, this well-maintained masonry building offers a mix of unit sizes, including three spacious studios, one one-bedroom/one-bathroom apartment, and one one-bedroom/one-and-a-half-bathroom apartment. The total square footage is 3,672. All units feature easy-care vinyl flooring, and two enjoy partial water views. Tenants benefit from a newly resurfaced on-site parking lot. Individual electric meters (five) and a single water meter are in place, simplifying utility management. Recent improvements include fresh exterior paint and a newly landscaped courtyard, enhancing the property's curb appeal. The property's prime location is just one block from Veteran's Park, the fishing pier, and Gulfport's vibrant culinary scene. Residents can easily walk to downtown Gulfport's restaurants, shops, beach, Casino ballroom, beach volleyball courts, weekly farmer's market, and nightlife. Importantly, this property is located in non-flood zone X and performed well during recent summer storms, experiencing no structural flooding. This represents a rare chance to acquire a high-demand income property in a desirable waterfront location. The combination of location, unit mix, recent upgrades, and its non-flood zone status makes this a compelling investment opportunity.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Gulfport
- County
- Pinellas
- State
- Florida
- Longitude
- -82.70669
- Latitude
- 27.73953
