3114 Dupont STREET S, Gulfport, FL, 33707

INVESTOR SPECIAL! Major $100K Price Adjustment - Post Hurricane Discount! Seller is willing to consider the option of “Subject-To” seller financing as a Purchase/Acquisition scenario. The Current Mortgage interest rate is 2.5% and "minimum" payments of $3,200 a month +T&I (Taxes & Insurance) would be required for the assumable portion of the loan with a "satisfactory" Down Payment. A balloon payoff would be required within 18 months to allow "Purchaser/Buyer" the time and capital to make "post storm" renovations. Durable Metal Roof, Block Construction with a total of 3 residential living units. Currently zoned as a "Duplex" with a separate additional 2-Bed, 1-Bath Living area above the 2-Car Garage. Note: The Finished 3rd Living area above the Garage includes an additional 700 SqFt of "Living Space" that is not currently reflected in the Public Records. The street level (ground floor) Duplex, units 3114 and 3116 feature Two 1 Bedroom & 1 Bathroom Units. Both units can be positioned as short term (rental) income properties for seasonal "guests" or they are equally suitable for a long term tenant. This fantastic property offers tremendous Living and income opportunity in one of the more sought after beach communities of Tampa Bay. This Duplex (+1) is a short stroll to the Gulfport Beach Park and Rec Center on Boca Ciega Bay. Close to all the shops, cafes and restaurants. This property features a Large Two Car Garage with the Additional Living Unit, above the garage. Located in the eclectic and quaint Gulfport Waterfront and Art District (The Dunedin of South Pinellas County), one Block to the Boulevard Lined with Restaurants, Bars, Shops, and Of Course, the Beautiful Waterfront & Historic Casino. Sand Volleyball, Playground & Fishing Pier with a Boat Marina nearby. Unit 3114 is currently Homesteaded as the Sellers live in the Additional Space upstairs. Income options for the entire space (all 3-Units) could range from VRBO/AirBnB to longer term rentals. Recent Updates include a New Metal Roof: $30k, New privacy PVC fence, New ceiling in garage. The additional living space above the garage was renovated and permitted. The completed renovation updates include framing, plumbing, electrical, new AC ductwork and HVAC system, new impact/storm windows, new stairs, new flooring, new paint, updated bathroom. Additional Upstairs Residential Unit (2-Bed, 1-Bath living space) Dimensions (Provided by Owner in Inches): Living room 275x151; Bedroom-1 132x121; Bedroom-2 132x121. Both bedroom measurements do not include the closet space. Bathroom 103x69. AC duct work replaced in 2021. More information on rental income - Available on Request. "Projected Income" based solely on potential Annual Rent. Seasonal Income could be significantly higher. All "rents" are "market driven" and are subject to fluctuation based on demand. Updated 'Main Water Line' to street has recently been fully replaced (from the Main City Shut-Off Valve). All New Pipes!!! Total SqFt includes additional 700 SqFt for finished 3rd Living space above the 2-Car Garage. The fully renovated 2/1 Apartment above the garage is 100% Turn-Key and livable. New owner can live onsite while supervising post storm renovations. All interior photos of ground floor units are "pre-storm" images.

Listing courtesy of CHARLES RUTENBERG REALTY INC Phone: 727-538-9200