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Dunedin Place 531-539 New York Ave 10 Unit Apartment Building $2,250,000 ($225,000/Unit) Dunedin, FL 34698
INVESTMENT HIGHLIGHTS
- Attractive Unit Mix Featuring Spacious 1- and 2-Bedroom Layouts Averaging 870 SF
- Each Unit Equipped with In-Unit Washer/Dryer and a One-Car Garage
- Close to TD Ballpark – the Home of the Toronto Blue Jays Spring Training, $102 Million Renovation in 2019 (0.7 Mi)
- All 2-Bedroom Units Include a Den Providing Additional Space for Home Offices, Guest Space, Etc.
- Recent Capital Improvements Include Select Upgrades to HVAC Systems, Water Heaters, and Plumbing, Along with Other Enhancements
- Just 2.2 miles to the Pinellas Trail, a 45-mile Paved Recreational Trail Connecting St. Petersburg to Tarpon Springs
EXECUTIVE SUMMARY
This 10-unit multifamily property is ideally located near the heart of downtown Dunedin, offering an attractive mix of spacious 1- and 2-bedroom layouts averaging 870 square feet. All two-bedroom units include a den, providing additional flexibility for home offices, guest space, or added living area. It presents a compelling value-add opportunity, with $105 per unit in potential monthly rental upside. Recent capital improvements include select HVAC systems, water heaters and plumbing. Each unit features convenient in-unit washer/dryer setups and a one-car garage. The community also boasts a large private swimming pool, enhancing resident appeal.
Situated in a quiet residential neighborhood just four minutes from downtown Dunedin and its vibrant Main Street shops, restaurants, and waterfront charm—only 0.9 miles away—the property offers convenient access to major employers such as BayCare Health System/Mease Dunedin Hospital (0.7 miles) and the recently renovated TD Ballpark, home to the Toronto Blue Jays’ spring training, just 0.7 miles away. Outdoor enthusiasts will appreciate the proximity to the Pinellas Trail, a 45-mile paved recreational trail connecting St. Petersburg to Tarpon Springs, located 2.2 miles from the property. Additionally, award-winning beaches including Clearwater Beach (6.9 miles), Honeymoon Island State Park (7.5 miles), and Caladesi Island (8.8 miles) are all within a short trip. This is a perfect opportunity to obtain a well-maintained, value-add multifamily asset in a thriving market.
Situated in a quiet residential neighborhood just four minutes from downtown Dunedin and its vibrant Main Street shops, restaurants, and waterfront charm—only 0.9 miles away—the property offers convenient access to major employers such as BayCare Health System/Mease Dunedin Hospital (0.7 miles) and the recently renovated TD Ballpark, home to the Toronto Blue Jays’ spring training, just 0.7 miles away. Outdoor enthusiasts will appreciate the proximity to the Pinellas Trail, a 45-mile paved recreational trail connecting St. Petersburg to Tarpon Springs, located 2.2 miles from the property. Additionally, award-winning beaches including Clearwater Beach (6.9 miles), Honeymoon Island State Park (7.5 miles), and Caladesi Island (8.8 miles) are all within a short trip. This is a perfect opportunity to obtain a well-maintained, value-add multifamily asset in a thriving market.
PROPERTY FACTS
| Price | $2,250,000 | Building Class | C |
| Price Per Unit | $225,000 | Lot Size | 0.96 AC |
| Sale Type | Investment | Building Size | 11,058 SF |
| No. Units | 10 | Average Occupancy | 100% |
| Property Type | Multifamily | No. Stories | 1 |
| Property Subtype | Apartment | Year Built | 1968 |
| Apartment Style | Garden | Parking Ratio | 1.9/1,000 SF |
| Zoning | R-60, Dunedin - Residential zone that allows for single-family detached dwellings with a minimum size of 6,000 s/f lot. | ||
| Price | $2,250,000 |
| Price Per Unit | $225,000 |
| Sale Type | Investment |
| No. Units | 10 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 0.96 AC |
| Building Size | 11,058 SF |
| Average Occupancy | 100% |
| No. Stories | 1 |
| Year Built | 1968 |
| Parking Ratio | 1.9/1,000 SF |
| Zoning | R-60, Dunedin - Residential zone that allows for single-family detached dwellings with a minimum size of 6,000 s/f lot. |
AMENITIES
- Smoke Detector
UNIT AMENITIES
- Air Conditioning
- Washer/Dryer Hookup
- Ceiling Fans
- Kitchen
- Refrigerator
- Stainless Steel Appliances
- Range
- Tub/Shower
- Yard
- Attic
- Den
- Dining Room
- Family Room
- Linen Closet
- Pantry
- Vinyl Flooring
- Large Bedrooms
SITE AMENITIES
- 24 Hour Access
- Courtyard
- Pool
- Tenant Controlled HVAC
- Pet Play Area
- Trash Pickup - Curbside
- Private Bathroom
- Walk-Up
- Smoke Detector
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 2 | - | 550 |
| 2+1 | 8 | - | 950 |
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PROPERTY TAXES
| Parcel Number | 35-28-15-00000-230-0400 | Improvements Assessment | $768,245 |
| Land Assessment | $481,755 | Total Assessment | $1,250,000 |
PROPERTY TAXES
Parcel Number
35-28-15-00000-230-0400
Land Assessment
$481,755
Improvements Assessment
$768,245
Total Assessment
$1,250,000
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Dunedin Place | 531-539 New York Ave
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