5505 16th ave s, gulfport, FL 33707

This listing is NOT a foreclosure. Located in one of Gulfports most desirable rental corridors, 5505 16th Ave S presents a rare opportunityto acquire a stabilized, cash-flowing triplex with diversified income streams and long-term upside. This well-maintained NON FLOOD ZONE property offers a total of three units with a strong mix of long-term and short-term rental income, making it ideal for investors seeking both stability and growth. Also, a great opportunity for those looking to HOUSE HACK and live in one unit and have the other two units cash flow make for free living!nUnit 1 features a spacious 3-bedroom, 1-bath layout encompassing 1,086 square feet, currently leased as a long-term rental at $2,500 per month. Unit 2 is a 330-square-foot studio, also rented long-term at $1,500 per month, offering efficient living with strong tenant demand.nUnit 3 is a 400-square-foot fully furnished studio operating as a short-term rental, generating $1,700 per month with an average nightly rate of $80 and approximately 75% occupancy, providing immediate upside through optimized short-term management. All three units are serviced by a shared laundry area, adding convenience for tenants and an...

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additional value component for ownership. Major capital improvements include a new roof installed in 2019 and a sewer line replacement in 2019, significantly reducing future maintenance exposure and enhancing long-term asset durability. With a compelling blend of reliable long-term income and flexible short-term rental potential, thiThis MLS Resale home is a single family home located in GULFPORT. It offers 5776.00 sq. ft. in size, beds and 2.5 baths. Review its detailed information and determine if this GULFPORT MLS Resale has the qualities you are looking for.  

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This is an MLS listing, meaning the property is represented by a real estate broker, who has contracted with the home owner to sell the home.