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950 Beltrees Street, Dunedin, FL 34698
$8,590,000
950 Beltrees Street, Dunedin, FL 34698View this property at 950 Beltrees Street, Dunedin, FL 34698
950 Beltrees StreetDunedinFL34698
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Property Description
Klein and Heuchan presents an exceptional opportunity to acquire a multi-family property situated in Dunedin, Florida, renowned as one of the most vibrant rental markets within the Tampa Bay area. Comprising eight block buildings, the property boasts a total of (12) spacious three-bedroom, two-bathroom units, and (13) two-bedroom, two-bathroom units. Each unit features a kitchen/great room concept and generous walk-in closets, providing an attractive living space for tenants. Furthermore, with two bathrooms in each unit, this layout is highly sought-after among renters. All units are conveniently located on the ground floor with large fully fenced yards, enhancing the appeal of the property. One unit has been significantly upgraded (see first page of interior pictures of marketing package). Half of the rest have been recently upgraded (see second page of interior pictures of marketing package). The remaining units are in good shape with long term tenants. Parking lot asphalt and sidewalks have recently been upgraded making the property better for tenants and insurance purposes. Currently leased to Annual Tenants, it's worth noting that the current rental rates significantly undersell the prevailing market rates, representing a considerable upside potential for investors. Strategically positioned in downtown Dunedin, residents will enjoy proximity to various attractions including Honeymoon Island, ranked as the #1 State Park in Florida, along with Caladesi Island and the Pinellas Trail. In summary, this property presents an outstanding investment opportunity in one of the most desirable locations within Tampa Bay.
Full Property Details
Full Property Details for 950 Beltrees St
General
- Price: $8,590,000
- Taxes: $35,782 (2023)
- Status: Active
- Type: Commercial Multi-Family
- MLS ID: U8236506
- Updated: 4/26/2024
- Added to Site: 50 day(s) ago
Location
- Area: 34698 - Dunedin
- County: Pinellas
- Development Name: 34698 - Dunedin
- Subdivision: SUNNY VIEW SUB
- Driving Directions: Just North on Beltrees
Community
- Community Name: 34698 - Dunedin
Heating & Cooling
- Cooling Type: Central Air
Structural Information
- # Buildings: 8
- Exterior Const.: Block
- Square Feet: 24,943
- Year Built: 1989
Lot Features
- Lot Size (Acres): 2.26
- Lot Size (Sq. Ft.): 98,620
- Lot Size: 2.264
- Frontage: City Street
- Street/Road Desc.: Asphalt
Financial Considerations
- Tax Amount: $35,782.78
- Tax Year: 2023
Disclosures and Reports
- Buyer’s Brokerage Compensation: 1.5%
- Ownership: Sole Proprietor
- Special Conditions: None
- Legal Description: SUNNY VIEW SUB 16043/1988) BLK D, LOTS 5 THRU 13 TOGETHER WITH W 104FT OF S 418FT OF LOT 5 OF I HELLERS SUB ALL LESS THOSE PARTS LYING WITHIN 40FT OF S LINE OF NW 1/4 OF SEC FOR RD R/W (PER OR'S 15972 PG'S 6, 8, 11, 20 & 23 &
- Flood Zone Info: x
- APN: 352815871740040050
- Property ID: 352815871740040050
- Block/Lot/Section: D
Listed by Klein & Heuchan, Inc
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Schools
Schools serving 950 Beltrees St
School District:Pinellas County School District
Rating | Name | Grades | Distance |
---|---|---|---|
1670 San Helen Dr, Dunedin, FL 34698 | PK-5 | 1.7 mi | |
70 Patricia Ave, Dunedin, FL 34698 | 6-8 | 0.4 mi | |
1651 Pinehurst Rd, Dunedin, FL 34698 | 9-12 | 1.7 mi |
Disclaimer: School ratings provided by
GreatSchools. Ratings are on a scale of 1-10.
Learn more about GreatSchools ratings.
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 950 Beltrees St
Date
Details
Price
Change
Source
4/26/2024
Price Reduced
$8,590,000
-14.01%
MLS
3/27/2024
Listed
$9,990,000
651.13%
MLS
6/27/2013
Sold
$1,330,000
—
Public Record
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 950 Beltrees St
Year
Property Taxes
Change
Tax Assessment
Change
2023
$35,783
14%
$2,130,000
18%
2021
$31,476
-5%
$1,800,000
-11%
2022
$33,272
6%
$2,025,000
35%
2021
$31,476
13%
$1,500,000
2%
2019
$27,931
1%
$1,475,000
2%
2018
$27,688
4%
$1,450,000
5%
2017
$26,696
8%
$1,382,000
10%
2016
$24,681
8%
$1,260,000
11%
2015
$22,872
7%
$1,135,000
5%
2014
$21,357
11%
$1,076,500
12%
2013
$19,231
—
$958,000
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 950 Beltrees St
950 Beltrees Street, Dunedin, FL 34698 (MLS# U8236506) is a Commercial Multi-Family property. 950 Beltrees Street is currently listed for $8,590,000 and was received on March 27, 2024. Want to learn more about 950 Beltrees Street? Do you have questions about finding other Commercial Multi-Family real estate for sale in Dunedin? You can browse all Dunedin real estate or contact a Coldwell Banker agent to request more information.