Active

2308 BAY BLVD

INDIAN ROCKS BEACH FL, 33785

$1,995,000


$522.25 per sqft

Active

10 Beds

5 Baths

3,820 sqft

Multi-family

Built in 1972

**** 5-UNIT INDIAN ROCKS BEACH INVESTMENT PROPERTY **** INCLUDES A NEW ROOF WITH FULL CATEGORY-4-RATED HURRICANE-RATED STRAPS **** TRANSFERABLE HOTEL LICENSE **** A unique opportunity to own a turnkey investment property in this quiet location. Nestled between the Gulf & Intracoastal. Beach access, a 2-minute walk at the end of 24th Ave N, and a small park on deep-water Intracoastal across the street. The current owner has meticulously maintained the property for over 20 years. No Rental Minimum and NO HOA! The property consists of 5 separate - 2 bed / 1 bath units all updated and maintained. Each unit has a private patio and Washer/Dryer hookup/storage area. **Live in one unit and rent out the rest or use a local management company and have a hands-free Seasonal/VRBO/Airbnb income rental** THE WINDOWS ARE HURRICANE IMPACT!! Non-smoking building, inside and out. The Kitchen appliances include: a Refrigerator, Range, Dishwasher, and built-in Microwave. THIS PROPERTY HAS 2 PARKING SPACES PER UNIT PLUS GUEST PARKING!! The only property of its size for Indian Rocks Beach (IRB) with this amount of parking. Block construction, Block walls between each unit, and firewalls between apartments in the attic. Each unit is metered separately for Electric, Water/Sewer. The building shows pride of ownership. **Currently Tenant Occupied and Annual Lease to 2024 - $115,000. An increase in revenue is easily attainable as current rents are below market value. Perfect setup to convert to Airbnb. Comparable Short-Term Rentals in Indian Rocks Beach $200-$250k in gross income. Buyer to verify comparable income. **PLEASE DO NOT DISTURB TENANTS! ** Schedule a Private Showing today.

U8211094

MLS ID

August 12, 2023

Listed

May 9, 2024

Updated

Map

2308 BAY BLVD
INDIAN ROCKS BEACH FL, 33785

Interior Features

Total Stories

1


Bedrooms

10


Total Bathrooms

5


Interior Features

Ceiling Fans(s), Living Room/Dining Room Combo, Open Floorplan, Thermostat


Floor Description

Tile


Fireplace

No


Cooling

Yes


Cooling Description

Central Air


Heating

Yes


Heating Description

Central, Electric

Exterior/Building Features

Lot Size

0.21 Acres


Exterior Features

Irrigation System, Sidewalk


Roof

Shingle


Sewer

Public Sewer

Other Property Details

Area Name

33785 - Indian Rocks Bch/Belleair Bch/Indian Shores


Taxes

$12,460


Tax Frequency

Annually


Days on Market

245


Garage

No


View

No


County

Pinellas


Municipality

30


Water Source

Public


Pool

No


Buyer Agency Compensation

2%-$395

Listing History

Date

Event

Price

5/1/2024

Price Change

$1,995,000

-5%

Listed by PREMIER SOTHEBYS INTL REALTY
Listing Contact: 727-585-9600 

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Data last updated 5/9/2024, 6:27 AM UTC

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