885 Beltrees St
Description
Discover the perfect blend of steady revenue and lucrative potential with this exquisite 16-unit multifamily residence at 885 Beltrees St, Dunedin. Strategically located just moments from the vibrant downtown area and the serene waterside, this property presents a unique investment opportunity. Currently fully occupied with stellar tenants, the building offers a mix of long-term stability and high-yield short-term rental possibilities, ideal...Charming Multifamily Investment Opportunity in Dunedin, FL
Discover the perfect blend of steady revenue and lucrative potential with this exquisite 16-unit multifamily residence at 885 Beltrees St, Dunedin. Strategically located just moments from the vibrant downtown area and the serene waterside, this property presents a unique investment opportunity. Currently fully occupied with stellar tenants, the building offers a mix of long-term stability and high-yield short-term rental possibilities, ideal for catering to honeymooners and vacationers drawn to nearby Clearwater. Significant capital improvements underscore the building’s value, with recent installations including four new roofs and modern air conditioning systems across all units. Notably, 10 of the 16 units have been thoughtfully upgraded, enhancing appeal and comfort. The proximity to local attractions, combined with the charm of Dunedin’s bustling community life and scenic vistas, makes this property highly attractive. Optimized Living with Future Enhancements
Investors will appreciate the proactive maintenance efforts: a new fence installation is underway to replace minor hurricane damage, ensuring enhanced security and privacy for residents. This update, along with new pavement for the back apartments, will be completed soon, offering the new owner peace of mind and minimal upkeep requirements. Despite its proximity to coastal weather influences, the property has sustained virtually no damage, standing in mint condition and ready for immediate occupancy. This property not only promises consistent income through its existing tenancies but also holds potential for significant returns on short-term rentals, thanks to its prime location near top-rated beaches, eclectic shops, and gourmet dining. The dual rental strategy enables balancing reliable income with high-profit short-term accommodations, making it an ideal choice for savvy investors seeking to capitalize on Florida’s booming rental market. Disclosure: The new fence installation is a response to minor hurricane damage; no other impacts have been noted. This timely enhancement, along with the strategic location and substantial upgrades, firmly positions 885 Beltrees St as a premier property in Dunedin’s competitive real estate market.
- Listed by Katelyn Robideaux • LOMBARDO TEAM REAL ESTATE LLC
Property Details for 885 Beltrees Street
Property Details for 885 Beltrees Street
| Status | Active |
|---|---|
| MLS # | TB8325784 |
| Days on Market | 388 |
| Taxes | $40,309 / year |
| HOA Fees | - |
| Condo/Co-op Fees | - |
| Compass Type | Multi Family |
| MLS Type | Commercial Sale / Multi-Family |
| Year Built | 1967 |
| Lot Size | 0.68 AC / 29,630 SF |
| County | Pinellas County |
Location
Building Information for 885 Beltrees Street
Payment Calculator
$23,619 per month
30 year fixed, 6.28% Interest
$20,260
$3,359
$0
Property Information for 885 Beltrees Street
- Building Area Source: Public Records
- Building Area Total: 8836.0
- Building Area Units: Square Feet
- Directions: Just west off Patricia Street in Dunedin
- Mls Major Change Type: New Listing
- Major Change Type: New Listing
- Listing Service: Full Service
- Road Frontage Type: Other
- Unit Number: No
- Street Number: 885
- Street Name: BELTREES
- Street Suffix: STREET
- State: FL
- City: DUNEDIN
- Tax Block: plat 1
- Tax Book Number: 9-19
- Tax Legal Description: HELLER'S SUB W 175FT OF E 375FT OF S 170FT OF N 195FT OF LOT 8 LESS RD R/W
- Tax Lot: 8
- Tax Year: 2023
- Virtual Tour URL Unbranded: https://www.propertypanorama.com/instaview/stellar/TB8325784
- Additional Parcels: No
- Lot Size Dimensions: 175x170
- Parcel Number: 35-28-15-38088-000-0083
- Total Acreage: 1/2 to less than 1
- Total Num Buildings: 4
- Water Access: No
- Water Extras: No
- Living Area: 8836
- Lot Dimensions: 175x170
- Year Built Numeric: 1967
- Flood Zone Code: X
- New Construction: No
- Public Survey Range: 15
- Public Survey Section: 35
- Dock YN: No
- Construction Materials: Block
- Foundation Details: Slab
- Pool: None
- Pool Private: No
- Waterfront Feet Total: 0
- Number Of Stories: 1
- Cooling: Central Air
- Living Area Units: Square Feet
- Water View: No
Property History for 885 Beltrees Street
| Date | Event & Source | Price | Appreciation |
|---|---|---|---|
| Nov 29, 2024 | Listed (Active) MFRMLS #TB8325784 | $4,100,000 | — |
| Jan 5, 2023 | Sold (Public Record) Public Record #1504625783 | $2,791,000 | +22.4% / yr |
| Jan 5, 2023 | Sold MFRMLS #U8182485 | $2,791,000 | — |
| Dec 6, 2022 | Pending MFRMLS #U8182485 | — | |
| Nov 15, 2022 | Listed (Active) MFRMLS #U8182485 | $2,790,000 | — |
| Jul 19, 2017 | Sold (Public Record) Public Record #602357983 | $925,000 | +9.7% / yr |
| Dec 22, 2015 | Sold (Public Record) Public Record #562887273 | $800,000 | — |
| Date | Event & Source | Price |
|---|---|---|
| 11/29/2024 | Listed (Active) MFRMLS #TB8325784 | $4,100,000 |
| 01/05/2023 | Sold (Public Record) Public Record #1504625783 | $2,791,000 +22.4% / yr |
| 01/05/2023 | Sold MFRMLS #U8182485 | $2,791,000 |
| 12/06/2022 | Pending MFRMLS #U8182485 | — |
| 11/15/2022 | Listed (Active) MFRMLS #U8182485 | $2,790,000 |
| 07/19/2017 | Sold (Public Record) Public Record #602357983 | $925,000 +9.7% / yr |
| 12/22/2015 | Sold (Public Record) Public Record #562887273 | $800,000 |
For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 885 Beltrees Street
Schools near 885 Beltrees Street
Rating | School | Type | Grades | Distance |
|---|---|---|---|---|
| Public - | PK to 5 | |||
| Public - | 6 to 8 | |||
| Public - | 9 to 12 | |||
| Public - | K to 5 |
Rating | School | Distance |
|---|---|---|
Dunedin Elementary School PublicPK to 5 | ||
Dunedin Highland Middle School Public6 to 8 | ||
Dunedin High School Public9 to 12 | ||
Curtis Fundamental Elementary School PublicK to 5 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.
Listing Courtesy of LOMBARDO TEAM REAL ESTATE LLC, Katelyn Robideaux
The information being provided by MFRMLS and Daytona Multiple Listing Service is for the consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the consumer may be interested in purchasing. Any information relating to real estate for sale referenced on this web site comes from the Internet Data Exchange (IDX) program of MFRMLS or Daytona Multiple Listing Service. Real estate listings held by brokerage firms other than this site owner are marked with the IDX/MLS logo. Information deemed reliable but is not guaranteed accurate by MFRMLS or Daytona Multiple Listing Service. Last updated: 11/30/2024 01:00 AM
