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