1301 N LOTUS DRIVE DUNEDIN FL 34698 MLS #TB8470910

This 4-Plex offers instant cash flow with upside potential and is ideally located in the heart of Dunedin, near downtown and the community center. For those interested, zoning allows for unconditional short term AirBNB & VRBO rentals. Current owners have elected to go with longer term rentals. The property is a 2550 SqFt, 5BR/5BA building, with 3280 SqFt under the roof. Each unit has a private entry, outdoor patio, and 2 parking spaces. It consists of (3) 1BR/1BA and (1) 2BR/2BA apartments. 3 of the tenants are long term and all 4 have excellent payment histories. The largest 2BR unit was recently updated within the past year. The 4-plex features an attractive curb appeal with double pane windows, gutter guards, hurricane screens, and ample parking. Tenants reimburse Landlord for all utilities. This real estate opportunity is great for investors or owner-occupants who can self-manage. Property is ideally located just off the beaten path, yet near everything! The location affords residents the option to enjoy countless amenities the area offers: beaches, parks, casual & fine dining, roof top bars, micro-breweries, cafes, bike riding, boating, fishing, downtown festivals, concerts, art shows, spring training baseball, championship golf, sunsets, and events at the Community & Fine Art Centers. Ride your bike on the Pinellas Trail, take a stroll along the Causeway, or watch a waterfront sunset from the Marina, there’s lots to do in Dunedin! This is a definite Must See for buyers seeking a rare Dunedin income property in an ideal location. PLEASE NOTE: Recently taken off the market to complete improvements. The property is now back with clean 4PT and Wind Mitigation Inspections, helping reduce insurance concerns and making this a turnkey opportunity.