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Bass Blvd Downtown Dunedin 1193 Bass Blvd 2 Unit Apartment Building $675,000 ($337,500/Unit) 4.20% Cap Rate Dunedin, FL 34698
Investment Highlights
- Close to Intracoastal and Pinellas Trail
- Walkable to Downtown Dunedin with golf cart-friendly acces
- Large backyard and ample parking for tenants and guests
Executive Summary
Potential Cap Rate 8.2%. This duplex in Downtown Dunedin presents a compelling investment opportunity with immediate income and long-term upside. The property features two separate units: a fully renovated 3-bedroom, 1-bathroom unit ready to achieve top market rent, and a 3-bedroom, 2-bathroom unit currently occupied by a long-term tenant on a month-to-month basis, ensuring steady cash flow from day one. With two separate electric meters, management is simplified, and the property’s layout offers flexibility for future improvements or expansion.
Property Facts
| Price | $675,000 | Property Subtype | Apartment |
| Price Per Unit | $337,500 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.20 AC |
| Cap Rate | 4.20% | Building Size | 2,800 SF |
| Sale Condition | Lease Option | Average Occupancy | 1% |
| No. Units | 2 | No. Stories | 1 |
| Property Type | Multifamily | Year Built/Renovated | 1954/2024 |
| Zoning | Residential - Duplex-Triplex-Fourplex-0820 | ||
| Price | $675,000 |
| Price Per Unit | $337,500 |
| Sale Type | Investment |
| Cap Rate | 4.20% |
| Sale Condition | Lease Option |
| No. Units | 2 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | C |
| Lot Size | 0.20 AC |
| Building Size | 2,800 SF |
| Average Occupancy | 1% |
| No. Stories | 1 |
| Year Built/Renovated | 1954/2024 |
| Zoning | Residential - Duplex-Triplex-Fourplex-0820 |
Amenities
Unit Amenities
- Air Conditioning
- Cable Ready
- Dishwasher
- Disposal
- Microwave
- Washer/Dryer Hookup
- Heating
- Ceiling Fans
- Tile Floors
- Eat-in Kitchen
- Kitchen
- Refrigerator
- Oven
- Family Room
- Island Kitchen
- Porch
- Window Coverings
- Quartz Countertops
Site Amenities
- Courtyard
- Smoke Free
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 3+1 | 1 | $2,200 | 1,800 |
| 3+2 | 1 | $1,800 | 1,800 |
1 1
Fairly walkable
50/100
Very drivable
80/100
Limited public transit
20/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 27-28-15-62910-002-0370 | Improvements Assessment | $181,317 |
| Land Assessment | $278,683 | Total Assessment | $460,000 |
Property Taxes
Parcel Number
27-28-15-62910-002-0370
Land Assessment
$278,683
Improvements Assessment
$181,317
Total Assessment
$460,000
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Bass Blvd Downtown Dunedin | 1193 Bass Blvd
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