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5505 16th Avenue S, GULFPORT, FL 33707
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5505 16th Avenue S
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Would you like to sell your home before you purchase this one?
Priced at Only: $550,000
For more Information Call:
Address: 5505 16th Avenue S, GULFPORT, FL 33707
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  • MLS#: TB8471888 ( Residential Income )
  • Street Address: 5505 16th Avenue S
  • Viewed: 3
  • Price: $550,000
  • Price sqft: $237
  • Waterfront: No
  • Year Built: 1950
  • Bldg sqft: 2316
  • Bedrooms: 3
  • Total Baths: 3
  • Garage / Parking Spaces: 1
  • Days On Market: 42
  • Additional Information
  • Geolocation: 27.7548 / -82.7082
  • County: PINELLAS
  • City: GULFPORT
  • Zipcode: 33707
  • Provided by: COMPASS FLORIDA LLC
  • Contact: Zach Steinberger
  • 727-339-7902
  • mfrmls
  • DMCA Notice
  • Description
    Located in one of Gulfports most desirable rental corridors, 5505 16th Ave S presents a rare opportunity to acquire a stabilized, cash flowing triplex with diversified income streams and long term upside. This well maintained NON FLOOD ZONE property offers a total of three units with a strong mix of long term and short term rental income, making it ideal for investors seeking both stability and growth. Also, a great opportunity for those looking to HOUSE HACK and live in one unit and have the other two units cash flow make for free living! Unit 1 features a spacious 3 bedroom, 1 bath layout encompassing 1,086 square feet, currently leased as a long term rental at $2,500 per month. Unit 2 is a 330 square foot studio, also rented long term at $1,500 per month, offering efficient living with strong tenant demand. Unit 3 is a 400 square foot fully furnished studio operating as a short term rental, generating $1,700 per month with an average nightly rate of $80 and approximately 75% occupancy, providing immediate upside through optimized short term management. All three units are serviced by a shared laundry area, adding convenience for tenants and an additional value component for ownership. Major capital improvements include a new roof installed in 2019 and a sewer line replacement in 2019, significantly reducing future maintenance exposure and enhancing long term asset durability. With a compelling blend of reliable long term income and flexible short term rental potential, this property is perfectly positioned for investors looking to maximize returns in a thriving coastal market. Whether held as a stabilized asset or further optimized for increased cash flow, 5505 16th Ave S stands out as a turnkey multifamily opportunity in Gulfport.
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  •   Principal & Interest -
  •   Property Tax $
  •   Home Insurance $
  •   HOA Fees $
  •   Mortgage Insurance-
  •   Monthly -
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Features
Building and Construction
  • Covered Spaces: 0.00
  • Exterior Features: Lighting, Private Entrance
  • Living Area: 1816.00
  • Roof: Shingle
Garage and Parking
  • Garage Spaces: 0.00
  • Open Parking Spaces: 0.00
Eco-Communities
  • Water Source: Public
Utilities
  • Carport Spaces: 1.00
  • Cooling: Central Air, Wall/Window Unit(s)
  • Heating: Central, Electric, Ductless
  • Sewer: Public Sewer
  • Utilities: Cable Connected, Electricity Connected, Public, Sewer Connected, Water Connected
Finance and Tax Information
  • Home Owners Association Fee: 0.00
  • Insurance Expense: 0.00
  • Net Operating Income: 0.00
  • Other Expense: 0.00
  • Tax Year: 2024
Other Features
  • Country: US
  • Interior Features: Ceiling Fans(s)
  • Legal Description: PASADENA GARDENS GULFVIEW SEC BLK 3, LOT 10
  • Area Major: 33707 - St Pete/South Pasadena/Gulfport/St Pete Bc
  • Parcel Number: 28-31-16-67338-003-0100
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Details for 3113 57th Street S, GULFPORT, FL 33707
$599,000.00

3113 57th Street S Virtual Tour More Like This

Exceptional investment opportunity just steps from the beach in highly desirable Gulfport, FL. This triplex property sits only two homes from the sand and offers breathtaking views of the Gulf from th

  1. Request Information
  1. Bedrooms: 2
  2. Baths: 3
  1. MLSID: TB8481393
  2. Provided by COASTAL PROPERTIES GROUP INTERNATIONAL
  3. Contact Helen Greiner
  4. mfrmls
  5. DMCA Notice
20 Pictures and Information
Nearby Subdivisions
Boca Ceiga Park   Hoyts A A Sub   Veteran Park