Investment Highlights

• Prospective purchasers are encouraged to visit the subject property and drive by prior to submitting offers. However, all property tours must be arranged with the Dreznin Pappas agents. At no time shall the tenants, on-site management or staff be contacted without prior approval. As of November 2023, Fannie Mae released a new acquisition program which allows owner occupied purchasers of 4-units or less properties to qualify for 5% down payment versus the standard 25% requirement. This is quite advantageous and may allow this particular property to be more accessible for Buyers.
• 4-unit multifamily village in Dunedin, Fl (Tampa Bay MSA) Further upside available through implementing of utility pass throughs and rental increases via renewals and new leases. Numerous interior updates including flooring, cabinetry and appliances, countertops and upgraded fixtures. 3 Total Buildings with two residential structures and a storage building.
• Lyndhurst Building has 3 units consisting of (1) Two Bedroom/One Bath Upstairs (1) Two Bedroom/One Bath Downstairs (1) Studio Concrete Block Construction built in 2002. The New York Ave Building is a single family (3/2) Three bedroom/Two Bath. Originally built in 1920, this has pier foundation and wood frame construction. A classic Florida property with an open yard and privacy fencing.
• The storage building onsite provides coin operated laundry for all 4 units and also some storage space.