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2308 Bay Boulevard

Indian Rocks Beach, FL 33785
  • $1,995,000
  • STATUS: Active
  • ON SITE: 257 Days
  • MLS #: U8211094
$1,995,000
  • 10
    BEDS
  • 0.21
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 3,820
    SQFT
  • $522
    $/SQFT
Type:
Multi-Family
Built:
1972
County:

School Ratings & Info

Description

**** 5-UNIT INDIAN ROCKS BEACH INVESTMENT PROPERTY **** INCLUDES A NEW ROOF WITH FULL CATEGORY-4-RATED HURRICANE 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.

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© 2024 My Florida Regional MLS DBA Stellar MLS. All rights reserved. All listings displayed pursuant to IDX. All listing information is deemed reliable but not guaranteed and should be independently verified through personal inspection by appropriate professionals. Listings displayed on this website may be subject to prior sale or removal from sale; availability of any listing should always be independently verified. Listing information is provided for consumers personal, non-commercial use, solely to identify potential properties for potential purchase; all other use is strictly prohibited and may violate relevant federal and state law. Data last updated 2024-05-19T23:53:39.613.
www.momentumrealtors.com/homes/143098093
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2308 Bay Boulevard Indian Rocks Beach, FL 33785

  • Price: $1,995,000
  • Status: Active
  • On Site: 257 Days
  • MLS #: U8211094
10
Beds
0
Baths
0
½ Baths
0.21
Acres
3,820
SQFT
$522
$/SQFT
1972
Built
Neighborhood:
Indian Beach Re-Revised 16Th Add
County:
Pinellas
Area:
Indian Rocks Bch/Belleair Bch/Indian Shores
Property Description
**** 5-UNIT INDIAN ROCKS BEACH INVESTMENT PROPERTY **** INCLUDES A NEW ROOF WITH FULL CATEGORY-4-RATED HURRICANE 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.
Exterior Features

Carport Yn No Construction Materials BlockStucco Exterior Features Irrigation SystemSidewalk Foundation Details Slab Lot Size Dimensions 60 x 156 Patio And Porch Features Front PorchRear Porch Pool Private Yn No Road Surface Type Paved Roof Shingle Water Access Yn No Water Extras Yn No Water View Yn No Waterfront Feet Total 0 Waterfront Yn No

Interior Features

Cooling Central Air Cooling YN Yes Fireplace Yn No Flooring Tile Heating CentralElectric Heating YN Yes Interior Features Ceiling Fan(s)Living Room/Dining Room ComboOpen FloorplanThermostat Levels One Sewer Public Sewer Water Source Public Window Features BlindsImpact Glass/Storm Windows

Property Features

Additional Lease Restrictions Indian Rocks Beach has No Rental restrictions. AirBnB / VRBO / Short-Term Rental Annual Net Income 90350 Association Yn No Cdd Yn No Flood Zone Code AE Garage Yn No Green Energy Efficient Windows Lease Considered YN Yes Lease Restrictions YN No Listing Terms CashConventional New Construction Yn No Ownership Fee Simple Property Sub Type Multi Family Realtor Info As-IsShort Term Rental AllowedSign Senior Community Yn No Special Listing Conditions None Tax Annual Amount 12460.47 Total Annual Fees 0 Total Monthly Fees 0 Utilities BB/HS Internet AvailableCable AvailableElectricity ConnectedSewer ConnectedWater Connected


Listing information © 2024 My Florida Regional MLS DBA Stellar MLS..
Listing provided courtesy of PREMIER SOTHEBYS INTL REALTY: 727-585-9600.



© 2024 My Florida Regional MLS DBA Stellar MLS. All rights reserved. All listings displayed pursuant to IDX. All listing information is deemed reliable but not guaranteed and should be independently verified through personal inspection by appropriate professionals. Listings displayed on this website may be subject to prior sale or removal from sale; availability of any listing should always be independently verified. Listing information is provided for consumers personal, non-commercial use, solely to identify potential properties for potential purchase; all other use is strictly prohibited and may violate relevant federal and state law. Data last updated 2024-05-19T23:53:39.613.
 
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12627 San Jose Blvd. 303
Jacksonville FL, 32223