Excellent income-producing opportunity! This impeccably maintained 8-unit building features a new roof (2025), six new A/C units (2025), and two A/C units new in 2023. Interior units have been freshly painted within 1–5 years and are repainted upon move-outs. Income producing coin laundry with two washers and two dryers makes life easy for tenants.
The 8-unit property includes seven units with annual leases in place and one month-to-month unit. Each unit has its own private entrance, with patios on the ground level and balconies on the second floor. There are four one-bedroom/one-bath units and four two-bedroom/one-bath units. Tenants have separate electric meters for each unit. One electric meter and one water meter for owners. Foundation stabilization with chemical grout injections was completed in June 2025 by Geotech to ensure long-term stability. Assigned parking is available for each unit plus guest parking.
Location and lifestyle make this property truly special. Just 0.7 miles from famous downtown Dunedin, residents enjoy excellent walkability to Saturday markets, festivals, parades, abundant dining options, lively nightlife, breweries, the marina, and the Pinellas Trail for biking and walking. Weekends can be spent at nearby Honeymoon Island with sandy beaches and the turquoise waters of the Gulf of America. With so much activity and experiences right outside your door, this is more than a building—it’s a front-row seat to one of Florida’s most charming and vibrant communities. NOT IN A FLOOD ZONE.
*** Current Income Statement ***
Rental Income:
#1: $1,300 #5: $1,300 $10,020 X 12 = $120,240
#2: $1,075 #6: $1,200
#3: 1,400 #7: $1,400
#4: 1,200 #8: $1,145
Less 3% Vacancy: - $ 3,607
$116,633
Laundry Income +$ 3,000
GROSS OPERATING INCOME $119,633
Expenses:
Real Estate Taxes $15,546
Utilities $10,094
Insurance $ 7,856
Maintenance & Misc. $ 3,093
Total Expenses $ 36,589
NET OPERATING EXPENSE (NOI) $ 82,462
(4.7 Cap Rate)
*** Pro Forma ***
1 Bedrooms: $1,500
2 Bedrooms: $1,900
Based on projected rents this would yield a 7.4% Cap Rate
______________________________________________________________
Dunedin, Florida, nestled along the Gulf Coast, offers a rich blend of natural beauty, cultural experiences, and recreational activities. Here's a curated list of attractions and things to do in the area:
*** Shopping & Local Markets
*** Downtown Dunedin: Stroll through charming streets lined with boutiques, antique shops, and local eateries.
** Festivals, Markets & Downtown Events
** Dunedin Downtown Market (Saturday Market): A lively weekly market featuring local produce, artisan goods, handmade crafts, fresh baked treats, live music, and community vendors.
** Dunedin Craft Beer & Food Festival: One of the area’s most anticipated annual events, showcasing dozens of breweries, gourmet food vendors, and live entertainment throughout downtown.
** Dunedin Art Harvest: A nationally recognized outdoor art festival each fall featuring hundreds of artists, live demonstrations, food vendors, and music.
** Dunedin St. Patrick’s Day Festival & Parade: One of Florida’s largest St. Patrick’s celebrations with a festive parade, live bands, dancing, and Irish-inspired food and drinks.
** Dunedin Holiday Boat Parade: A beloved waterfront tradition where beautifully decorated boats light up St. Joseph Sound during the holiday season.
** Dunedin Concerts in the Park: Free outdoor concerts held at Pioneer Park and other downtown venues featuring local and regional bands.
** Breweries & Dining
** Dunedin Brewery: Florida's oldest microbrewery, offering a variety of craft beers and live music in a laid-back setting.
** 7venth Sun Brewery: Known for its innovative brews, including IPAs and sours, it's a favorite among craft beer enthusiasts.
** Casa Tina: A vibrant Mexican restaurant offering authentic cuisine and lively entertainment.
** Eli's Bar-B-Que: A local favorite for smoked meats and classic Southern sides.
** Natural Attractions & Outdoor Activities
*** Honeymoon Island State Park: This popular state park features four miles of pristine beaches, nature trails, and a pet-friendly beach area. It's also the departure point for the ferry to Caladesi Island.
** Caladesi Island State Park: Accessible by ferry or private boat, Caladesi Island offers unspoiled beaches, a marina, picnic areas, and a three-mile nature trail. It's renowned for its natural beauty and was named the best beach in the U.S. in 2008.
** Dunedin Causeway: A scenic stretch connecting the mainland to Honeymoon Island, ideal for kayaking, paddleboarding, fishing, or enjoying a sunset stroll.
** Pinellas Trail: This 54-mile multi-use trail runs through Dunedin, perfect for biking, walking, or jogging, and connects several parks and downtown areas.
** Hammock Park: A natural area featuring trails, boardwalks, a butterfly garden, disc golf course, picnic areas, and a playground. It's a great spot for nature walks and family outings.
** Boating & Fishing: Explore the Gulf waters with various charters offering fishing trips, dolphin watching, and sunset cruises.
** Edgewater Park & Marina: A beautiful waterfront park in downtown Dunedin featuring boat slips, fishing spots, picnic areas, scenic views of the Gulf, and easy access to kayaking and paddleboarding.
** Bike Rentals & Trail Cafés: Downtown shops offer bike rentals for exploring the Pinellas Trail, with plenty of cafés and breweries along the route to stop and relax.
** Sunset Watching at Edgewater Park: A favorite local pastime where residents and visitors gather along the waterfront for stunning Gulf Coast sunsets.
* Sports & Recreation
* TD Ballpark: Home to the Toronto Blue Jays' spring training and the Dunedin Blue Jays minor league team, offering an intimate baseball experience.
*** Cultural & Historical Sites
*** Dunedin History Museum: Located in a restored 1924 train depot, the museum showcases over 2,000 artifacts and offers exhibits on local history, including the area's pioneering families and industries.
* Andrews Memorial Chapel: A historic chapel adjacent to Hammock Park, often used for weddings and community events.
** Arts & Entertainment
*** Dunedin Fine Art Center: Offers art classes, exhibitions, and events, fostering a vibrant arts community.
** Dunedin Community Theater Performances: Enjoy live local theater productions ranging from classic plays to contemporary performances.
Whether you're seeking outdoor adventures, vibrant festivals, waterfront recreation, or a thriving dining and craft beer scene, downtown Dunedin offers an energetic coastal lifestyle filled with charm, culture, and year-round community events.