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Wade M. Berlin

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1301 Lotus Drive
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PRICED AT ONLY: $759,900

Address: 1301 Lotus Drive, DUNEDIN, FL 34698

Description

This exceptional 4 Plex investment opportunity is located in the heart of Dunedin. It offers immediate income, strong location appeal, and multiple avenues for income growth. The property delivers stable cash flow with clear potential to enhance returns by optimizing rents to market levels, capitalizing on short term rental zoning (Airbnb/VRBO), or leveraging an owner occupant income strategy. Positioned just minutes from downtown, this asset is not located in a flood zone, helping reduce insurance costs and risk. The property offers 2,550 SF (3,280 SF under roof) with a balanced unit mix of (3) 1BR/1BA and (1) 2BR/2BA, each with private entrances, outdoor patio space, and two dedicated parking spaces, features that drive strong tenant demand and short term rental appeal. The recently renovated 2BR/2BA unit offers flexibility as a flagship short term rental unit or an ideal owner occupant residence. Low operating expenses and tenant reimbursed utilities create an efficient ownership profile, while below market rents provide a clear path to increased income over time. 4 Point and Wind Mitigation inspections were completed in March, with clean reports available reinforcing the propertys insurability, financeability, and turnkey investment profile. Located near downtown Dunedin, the Pinellas Trail, waterfront parks, marina, beaches, and a vibrant mix of dining, breweries, and year round events, the property benefits from consistent demand drivers supporting both long term and short term rental performance. This is a rare opportunity to acquire a well maintained, income producing asset with built in upside in one of Tampa Bays most desirable coastal submarkets. Opportunities combining in place income, ShortTermRental flexibility, and non flood zone positioning in Dunedin are increasingly limited.
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  • MLS#: TB8470910 ( Residential Income )
  • Street Address: 1301 Lotus Drive
  • Viewed: 4
  • Price: $759,900
  • Price sqft: $232
  • Waterfront: No
  • Year Built: 1959
  • Bldg sqft: 3280
  • Bedrooms: 5
  • Total Baths: 5
  • Garage / Parking Spaces: 3
  • Days On Market: 54
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Features
Building and Construction
  • Covered Spaces: 0.00
  • Exterior Features: Fence, Hurricane Shutters, Lighting, Private Entrance, Sliding Doors, Storage
  • Flooring: Carpet, Laminate, Linoleum, Luxury Vinyl, Tile
  • Living Area: 2549.00
  • Other Structures: Shed(s), Storage
  • Roof: Shingle
Property Information
  • Property Condition: Completed
Land Information
  • Lot Features: Corner Lot, City Limits, Landscaped, Near Public Transit, Paved
School Information
  • High School: Dunedin High-PN
  • Middle School: Dunedin Highland Middle-PN
  • School Elementary: Garrison-Jones Elementary-PN
Garage and Parking
  • Garage Spaces: 0.00
  • Open Parking Spaces: 0.00
  • Parking Features: Assigned, Covered, Guest, Parking Pad
Eco-Communities
  • Water Source: Public
Utilities
  • Carport Spaces: 3.00
  • Cooling: Wall/Window Unit(s)
  • Heating: Baseboard, Electric, Space Heater
  • Pets Allowed: Cats OK, Dogs OK
  • Sewer: Public Sewer
  • Utilities: Cable Connected, Electricity Connected, Sewer Connected, Water Connected
Amenities
  • Association Amenities: Laundry
Finance and Tax Information
  • Home Owners Association Fee: 0.00
  • Insurance Expense: 0.00
  • Net Operating Income: 0.00
  • Other Expense: 0.00
  • Tax Year: 2025
Rental Information
  • Tenant Pays: Electricity, Sewer, Trash Collection
Other Features
  • Appliances: Range, Refrigerator
  • Country: US
  • Furnished: Unfurnished
  • Interior Features: Ceiling Fans(s)
  • Legal Description: SUNNY RIDGE BLK 1, LOT 1
  • Levels: One
  • Area Major: 34698 - Dunedin
  • Parcel Number: 26-28-15-86976-001-0010
  • View: Garden
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Contact Info

  1. The Real Estate Professional You Deserve
  2. Mobile: 904.248.9848
  3. phoenixwade@gmail.com
Wade M. Berlin