Little Blue Hideaway | 719 Douglas Ave
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Little Blue Hideaway 719 Douglas Ave
4 Unit Apartment Building $2,299,000 ($574,750/Unit) 7.14% Cap Rate Dunedin, FL 34698
INVESTMENT HIGHLIGHTS
- Generated an Impressive $247K in Gross Income Over the Past Year (Jan-Dec 2024 -View Offering Memorandum for Details)
- Highly Favorable DC Zoning, Allowing for Transient Use / Short-Term Rentals (Short-Term = Less than 90-days / 3 Months - City of Dunedin)
- Rare Newly Built, Pristine Vacation Rental Property w/ Loft Style Units, Towering Ceilings & Open Concept Floorplans in Downtown Dunedin, FL
- Achieved a 38% Year-Over-Year Increase in Gross Income for Sept-Dec 2024 vs Same Period in 2023
- Limited Competition Due to Restrictive Short-Term Rental Zoning—High Barrier to Entry Market
- Non-Flood Zone Location, Perfectly Positioned within 8-Minute Walk of the Waterfront and Steps from Main Street
EXECUTIVE SUMMARY
*** View OFFERING MEMORANDUM at MultifamilyFirm.com for Full Financial Information & Details!! ***
** Generated an Impressive $247K in Gross Income Over the Past Year (2024) and Achieved a 38% Year-Over-Year Increase in Gross Income for Sept-Dec 2024 vs Same Period in 2023
The Multifamily Firm is pleased to present the Little Blue Hideaway, a rare newly built vacation rental property in downtown Dunedin, Florida. Constructed in 2021, the property consists of 4 two-story buildings, each with a loft-style unit, and features towering ceilings, an open-concept floorplan, private outdoor porch, balcony, or patio, private driveway with dedicated parking and a tranquil in-ground swimming pool surrounded by lush tropical landscaping. The Little Blue Hideaway is ideally positioned in a non-flood zone, just a short walk from the waterfront, and in the highly demanded “Downtown Core” zoning district, which is one of the few districts in Dunedin that allows transient use / short-term rentals (Defined as Less than 90-days/3 Months in Dunedin). Additionally, the property is just steps from Main Street, the downtown market and many of Dunedin’s best restaurants, breweries, shops and activities!
View OFFERING MEMORANDUM for full details at MultifamilyFirm.com
** Generated an Impressive $247K in Gross Income Over the Past Year (2024) and Achieved a 38% Year-Over-Year Increase in Gross Income for Sept-Dec 2024 vs Same Period in 2023
The Multifamily Firm is pleased to present the Little Blue Hideaway, a rare newly built vacation rental property in downtown Dunedin, Florida. Constructed in 2021, the property consists of 4 two-story buildings, each with a loft-style unit, and features towering ceilings, an open-concept floorplan, private outdoor porch, balcony, or patio, private driveway with dedicated parking and a tranquil in-ground swimming pool surrounded by lush tropical landscaping. The Little Blue Hideaway is ideally positioned in a non-flood zone, just a short walk from the waterfront, and in the highly demanded “Downtown Core” zoning district, which is one of the few districts in Dunedin that allows transient use / short-term rentals (Defined as Less than 90-days/3 Months in Dunedin). Additionally, the property is just steps from Main Street, the downtown market and many of Dunedin’s best restaurants, breweries, shops and activities!
View OFFERING MEMORANDUM for full details at MultifamilyFirm.com
PROPERTY FACTS
| Price | $2,299,000 | Building Class | B |
| Price Per Unit | $574,750 | Lot Size | 0.29 AC |
| Sale Type | Investment | Building Size | 3,565 SF |
| Cap Rate | 7.14% | No. Stories | 2 |
| No. Units | 4 | Year Built | 2021 |
| Property Type | Multifamily | Parking Ratio | 2.81/1,000 SF |
| Property Subtype | Apartment | Corridor | Exterior |
| Apartment Style | Garden |
| Price | $2,299,000 |
| Price Per Unit | $574,750 |
| Sale Type | Investment |
| Cap Rate | 7.14% |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | B |
| Lot Size | 0.29 AC |
| Building Size | 3,565 SF |
| No. Stories | 2 |
| Year Built | 2021 |
| Parking Ratio | 2.81/1,000 SF |
| Corridor | Exterior |
UNIT AMENITIES
- Air Conditioning
- Balcony
- Washer/Dryer
- Heating
- Kitchen
- Tub/Shower
SITE AMENITIES
- 24 Hour Access
- Courtyard
- Pool
- Smoke Free
- Walking/Biking Trails
Walk Score®
Walker's Paradise (90)
Bike Score®
Very Bikeable (85)
PROPERTY TAXES
| Parcel Number | 34-28-15-89010-000-0010 | Improvements Assessment | $885,979 |
| Land Assessment | $914,021 | Total Assessment | $1,800,000 |
PROPERTY TAXES
Parcel Number
34-28-15-89010-000-0010
Land Assessment
$914,021
Improvements Assessment
$885,979
Total Assessment
$1,800,000
ZONING
| Zoning Code | DC (Downtown Core - Allows for Transient Use / Short-Term Rentals) |
| DC (Downtown Core - Allows for Transient Use / Short-Term Rentals) |
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Little Blue Hideaway | 719 Douglas Ave
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