Three income producing units in prime Tarpon Springs location. Bring your contractor for an investment in this high-demand property offering $55K+ in projected annual revenue and nearly $20K net income, sold AS IS. This unique opportunity features three income-producing units: •223 Bath St: 2 beds, 1 bath, potential washer/dryer hookup. •225 Bath St: 3 beds, 1 bath. •The Hideaway: A recently finished 1 bed, 1 bath unit The property spans 2,153 sq. ft. of living space (nearly 3,000 sq. ft. total) zoned duplex, triplex, or quadplex. The owner could also enjoy the tax benefits of occupancy. Each unit includes a covered carport space. Located in the Fruit Bowl area of Tarpon Springs, this property is within walking distance to downtown, Spring Bayou, and Craig Park, and just 1.2 miles from the Sponge Docks. Enjoy being less than 10 minutes from Fred Howard and Sunset beaches, ensuring consistent tenant demand. Ideal opportunity to generate multiple income streams in a high-demand location.
Price Improvement! Check out this Turn-Key Opportunity in Tarpon Springs! Great occupancy and already has bookings until March 2025! Your opportunity to own a successful, well-appointed and meticulously cared for opportunity, that has been generating consistent revenue since 2015. Thinking about investing, then this could be a prime opportunity for you or to expand your portfolio! This property benefits from 4 Units, each consisting of a 2 Bedroom, 1 Bathroom Floorplan, that equates to 8 Total Bedrooms and 4 Bathrooms. Located just off the US-19, in the heart of Tarpon Springs, with accessibility to the Sponge Docks, local amenities, hospitals, shopping, restaurants and within a 50-minute journey to Tampa, including the Tampa International Airport, this location is exceptional for the transient rental market. The exterior of the property welcomes the guests with a courtyard feel, palm trees and the beachy tones of the aqua paint, immediately creating that vacation vibe as you arrive. With ample parking, you can arrive, unpack and enjoy! Even if your guests are not staying in one of the four apartments available, then this property benefits from having not one, but three RV parking areas, all with their own electric and water hook-ups, which provides for an extra revenue opportunity! The (4), 2 bedroom and 1-bathroom apartments are elegantly furnished and decorated, maintained to a high standard and offers a welcoming experience to the guests who visit. The kitchens, with the granite style worktops, mahogany style cabinets provide a great back drop for your guests to enjoy their morning breakfast and beverage before heading off to enjoy their daily activity! At the end of the day, they can return to the comfort of the spacious living areas, kick off their shoes and relax, or why not enjoy a BBQ outside! The tiled floors in the apartments provide for an easy to maintain environment. On that note, did I mention that the current Cleaning Team would be willing to stay on with the new Owner and keep those apartments sparkling! With newer roofs, AC, Electrical and Plumbing updates, the current Owner has invested in ensuring this property has the best opportunity for success! The current owner is committed to the success of the future owner and is providing the opportunity of a 30-day coaching, post-closing to assist in continued success, along with conveying the website, systems and existing bookings to the new owner. Call today to schedule your tour!
The median home value in Tarpon Springs, FL is $391,950. This is higher than the county median home value of $380,200. The national median home value is $338,100. The average price of homes sold in Tarpon Springs, FL is $391,950. Approximately 65.51% of Tarpon Springs homes are owned, compared to 19.54% rented, while 14.95% are vacant. Tarpon Springs real estate listings include condos, townhomes, and single family homes for sale. Commercial properties are also available. If you see a property you’re interested in, contact a Tarpon Springs real estate agent to arrange a tour today!
Tarpon Springs, Florida has a population of 25,138. Tarpon Springs is more family-centric than the surrounding county with 21.85% of the households containing married families with children. The county average for households married with children is 21.33%.
The median household income in Tarpon Springs, Florida is $58,328. The median household income for the surrounding county is $60,451 compared to the national median of $69,021. The median age of people living in Tarpon Springs is 53 years.
The average high temperature in July is 90 degrees, with an average low temperature in January of 51.3 degrees. The average rainfall is approximately 51.4 inches per year, with 0 inches of snow per year.