600 Highland AVENUE
About This Property
Zoning: RMF-15 (Residential Multi-Family, 15 Units per Acre)
Current Condition: Knock-down (Dwelling has no value)
This property is being offered as a knock-down, providing a clean slate for your development vision. Whether you're interested in high-end townhomes, rental duplexes, or a grand single-family residence, this parcel presents a lucrative opportunity to capitalize on Dunedin's dynamic real estate market.
Versatile Development Potential:
Luxury Townhomes: Potential for up to 4 luxury townhomes, capitalizing on the high demand for upscale living in this charming city.
Duplexes: Opportunity to develop 2 duplexes, providing desirable rental properties or multi-generational living options.
Single Family Home: Build a large single-family home with ample space for an Accessory Dwelling Unit (ADU) and/or pool, offering a private oasis in the heart of Dunedin.
Nestled in the vibrant heart of Downtown Dunedin, this property offers unparalleled walkability to a plethora of amenities including unique restaurants, boutique retailers, and cultural attractions. Just a short stroll from the Toronto Blue Jays Stadium, local breweries, entertainment venues, and the picturesque Dunedin Marina. Convenient access to the Dunedin Causeway, Honeymoon Island, Clearwater Beach, and the Pinellas Trail. Dunedin boasts a thriving downtown area with a mix of historical landmarks, cultural events, and nearly four miles of scenic waterfront. A family-friendly community with recreational activities for all ages, golf courses, and intracoastal marinas.
Proximity to a major hospital, ensuring healthcare needs are easily met. Only 30 minutes from Tampa International Airport, making travel convenient for residents and visitors alike.
Don't miss the chance to invest in a location that blends vibrant city life with serene waterfront living. Contact us today to explore this exciting development opportunity!
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What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017