$399,000
 $2,142 est/mo Sourced by Back At You

223 Bath St,TARPON SPRINGS, FL 34689

TARPON SPRINGS, FL 34689

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Description

IMPROVED PRICE & SUBSTANTIAL IMPROVEMENT (SI) EXEMPT: Historic Structure Designation Avoids 50% Rule Restrictions Power & AC Restored | Prime Tarpon Springs Multi-Unit Income Opportunity This property qualifies as a historic structure under the National Flood Insurance Program (NFIP) and is exempt from Substantial Improvement (SI) requirements (FEMA 50% Rule)a key advantage for investors planning renovations or repositioning. Letter and links in attachments. Located in the high-demand Fruit Bowl neighborhood of Tarpon Springs, this versatile multi-unit property presents a compelling opportunity with $55,000+ projected annual revenue and $25,000+ in net income, with upside for increased returns through value-add improvements or short-term rental conversion. Property Highlights: Three income-producing units o 223 Bath St: 2 Beds | 1 Bath | Washer/Dryer hookup potential o 225 Bath St: 3 Beds | 1 Bath | Generous layout o The Hideaway: 1 Bed | 1 Bath | Recently renovated | Private entrance 2,153 sq. ft. heated | Nearly 3,000 gross sq. ft. Three covered carports | Each unit with designated parking Offered AS IS, providing flexibility for contractor updates (water impact from prior storm event) Why Investors Take Notice: Historic exemptionno FEMA 50% Rule cap Walkable lifestyle appeal in one of Tarpon Springs’ most charming and established neighborhoods Strong rental demand and multiple configurations: long-term income or owner-occupant with rental income, Utilities operationalpower and HVAC have been restored This property combines location, cash flow potential, and long-term value, making it an ideal fit for investors seeking both immediate returns and future appreciation in the high-demand Fruit Bowl neighborhood in Tarpon Springs.

Details

MLS #TB8322463
Listing TypeFor Sale
StyleTown House
Sub-TypeFor-sale
StatusActive
Year1925
Days On Site218
Listing Provided ByCOLDWELL BANKER REALTY | Peter Ripa

Features

Bed(s)6
Bath(s)3
SQ Feet2,132
Car PortYes
Story(s)2
Units3
ZoningR-60
Acreage0.20

Taxes

Property5065

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 Listings courtesy of Stellar MLS as distributed by MLS GRID.Based on information submitted to the MLS GRID as of July 10, 2025 at 10:05:24 PM PDT All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. The Digital Millennium Copyright Act of 1998, 17 U.S.C. § 512 (the “DMCA”) provides recourse for copyright owners who believe that material appearing on the Internet infringes their rights under U.S. copyright law. If you believe in good faith that any content or material made available in connection with our website or services infringes your copyright, you (or your agent) may send us a notice requesting that the content or material be removed, or access to it blocked. Notices must be sent in writing by email to DMCAnotice@MLSGrid.com. “The DMCA requires that your notice of alleged copyright infringement include the following information: (1) description of the copyrighted work that is the subject of claimed infringement; (2) description of the alleged infringing content and information sufficient to permit us to locate the content; (3) contact information for you, including your address, telephone number and email address; (4) a statement by you that you have a good faith belief that the content in the manner complained of is not authorized by the copyright owner, or its agent, or by the operation of any law; (5) a statement by you, signed under penalty of perjury, that the information in the notification is accurate and that you have the authority to enforce the copyrights that are claimed to be infringed; and (6) a physical or electronic signature of the copyright owner or a person authorized to act on the copyright owner’s behalf. Failure to include all of the above information may result in the delay of the processing of your complaint.

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Learn More About This Property

StateFL
CountyPinellas
CityTARPON SPRINGS
Zip Code34689
Area34689 Tarpon Springs
Community NameTARPON SPGS OFFICIAL MAP
School DistrictTarpon Springs High-PN
Elementary SchoolTarpon Springs Elementary-PN
Middle SchoolTarpon Springs Middle-PN
High SchoolTarpon Springs High-PN
Sourced by Back At You
Nearby Listings (Within 1/10 mile)
Price: $299K - $498K
SqFt: 1,500 - 2,500
Nearby Listings Property ImageNearby Listings Details
49 W BOYER ST Property Photo 1
$375,000
49 W Boyer St
Tarpon Springs, FL 34689
Listing Updated: July 9, 2025 at 1:17:07 PM PDT