531-539 New York Ave - Apartments FOR SALE


Dunedin, FL 34698- Downtown Dunedin
$2,360,000 USD
813-335-1976
531-539 New York Ave, Dunedin, FL for Sale
$2,360,000 USD
Apartments - FOR SALE
1/45
null | Request Cap Rate

531-539 New York Ave
Dunedin, FL 34698
Downtown Dunedin


HIGHLIGHTS

  • Attractive Unit Mix Featuring Spacious 1- and 2-Bedroom Layouts Averaging 870 SF
  • All 2-Bedroom Units Include a Den Providing Additional Space for Home Offices, Guest Space, Etc.
  • Each Unit Equipped with In-Unit Washer/Dryer and a One-Car Garage
  • Recent Capital Improvements Include Select Upgrades to HVAC Systems, Water Heaters, and Plumbing, Along with Other Enhancements
  • Close to TD Ballpark – the Home of the Toronto Blue Jays Spring Training, $102 Million Renovation in 2019 (0.7 Mi)
  • Just 2.2 miles to the Pinellas Trail, a 45-mile Paved Recreational Trail Connecting St. Petersburg to Tarpon Springs

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$2,360,000 USD

PRICE/SF

$213 USD /SF

# OF UNITS

10

PRICE/UNIT

$236,000

CAP RATE

Request Cap Rate

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Dunedin Place

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1968

PARKING SPACES

21

LAND DETAILS

LAND ACRES

0.96 AC

LAND SF

42,000 SF

ZONING

R-60, Dunedin

APN/PARCEL ID

35-28-15-00000-230-0400

ASK ABOUT THIS PROPERTY

Eve LowryFranklin StreetMore Info
813-335-1976

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Eve LowryFranklin StreetMore Info
813-335-1976

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.