2404 53rd Street S, Gulfport, FL 33707

$485,000
3
BD
2
BA
1,504
SqFt
List Price
$485,000
Status
Active
Days on Market
41
MLS#
A4613856
Property Style
Single Family
Year Built
1923
Bedrooms
3
Bathrooms
2
Living Area
1,504
Lot Size
8,102
Acres
0.19
Total Acreage
0 to less than 1/4
Legal Subdivision Name
Stamms Rep
MLS Area Major
St Pete/South Pasadena/Gulfport/St Pete Bch

Property Description

Calling all Investors, Contractors and Experienced Home Buyers! Located in lively Gulfport, this potential multifamily property presents a unique investment opportunity and tons of untapped potential. This previous 4-plex is now a partially remodeled home, yet is currently comprised of two structures on a sizable lot with back alley access. This property offers versatility and adaptability to suit a variety of investment strategies or primary home buyer needs. The primary home, situated at the forefront of the property, exudes charm with its cottage style architecture and old Gulfport feel. Previous plans include two bedrooms, two baths, lots of living space and a cozy fireplace, setting the stage for serene evenings or lively gatherings. However, it's the second building, currently in need of extensive work or replacement, that unveils a canvas of opportunity for reimagination, awaiting transformation into additional living space, an oversized garage or other possibilities, subject to the buyer's vision and local regulations. Buyers are urged to conduct thorough due diligence to verify all dimensions, permits, and plans, ensuring alignment with their investment objectives and regulatory requirements. While the primary home offers more immediate occupancy potential, the incomplete status of the second building presents an exciting prospect for investors. This will be a revitalization project and become a true Gulfport gem when you take this property to its full potential. Whether pursuing rental income, multi-generational living arrangements, or redevelopment, this property stands poised to deliver both immediate returns and long-term value appreciation in a sought-after locale. With its strategic location, this potential multifamily property epitomizes the essence of real estate opportunity. Seize the chance to shape its destiny and unlock its full potential, transforming this property into a lucrative investment or a place to call home for generations to come. Buyer discretion is advised, and exploration of the myriad of possibilities awaits those with the foresight and determination to make this vision a reality. Currently, property does have permits that were abandoned and may need to be addressed by the new and future owner. These permits will not be addressed by current owner or before Closing as current owner will not be completing the existing project or beginning any new remodel project. New Permits will be required to proceed with any remodel or build. Buyer due diligence is required. One or more photos has been virtually staged to help showcase the intended use and true potential of spaces both inside and outside of the home.

Additional Information

Taxes
$5429
Minimum Lease
1 Month
Community Features
No Deed Restriction
Property Description
Split Level
Interior Layout
Eat-in Kitchen, High Ceilings, Open Floorplan, Primary Bedroom Main Floor, Walk-In Closet(s)
Interior Features
Eat-in Kitchen, High Ceilings, Open Floorplan, Primary Bedroom Main Floor, Walk-In Closet(s)
Floor
Wood
Appliances
None
Utilities
Public
Heating
Central
Air Conditioning
Central Air
Exterior Construction
Wood Frame
Exterior Features
Other
Roof
Shingle
Foundation
Other
Pool
No Pool
Flood Zone Code
X
Parcel ID
33-31-16-85122-000-0350
Legal Description
STAMM'S REPLAT LOT 35

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Listing courtesy of KELLER WILLIAMS ST PETE REALTY.

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