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.
Features
: Central, Electric
: Central Air
: Rear Porch, Front Porch
: Irrigation System
: Tile
: Ceiling Fans(s), Open Floorplan, Thermostat, Living Room/Dining Room Combo
: Public Sewer
: Cable Available, Electricity Connected, Sewer Connected, Water Connected, BB/HS Internet Available
: Impact Glass/Storm Windows, Blinds
Address Map
US
FL
Pinellas
Indian Rocks Beach
INDIAN BEACH RE-REVISED 16TH ADD
33785
BAY
2308
BOULEVARD
W83° 9' 18.2''
N27° 54' 19.8''
Head West on W Bay Dr towards the Gulf of Mexico. Go left (south) on Gulf Blvd. Make a left on 24th Ave N. Go to the end to Bay Blvd. Building on the right. No Sign.
33785 - Indian Rocks Bch/Belleair Bch/Indian Shores
Additional Information
60x156
: Public
https://www.propertypanorama.com/instaview/stellar/U8211094
2100000
2023-09-05
5
: One
: Slab
: Block, Stucco
Financial
12460.47
Listing Information
260043089
260030879
Cash,Conventional
Withdrawn
2024-06-29T15:27:07Z
Stellar
: None
2024-06-29T15:26:41Z

Residential Income For Sale

2308 Bay Boulevard, Indian Rocks Beach, Florida 33785

10 Bedrooms
5 Bathrooms
3,820
$1,995,000
Listing ID #U8211094
Basic Details
Property Type : Residential Income
Listing Type : For Sale
Listing ID : U8211094
Price : $1,995,000
Bedrooms : 10
Bathrooms : 5
Square Footage : 3,820
Year Built : 1972
Lot Area : 0.21 Acre
Property Sub Type : Multi-Family
Roof : Shingle
Contact Agent

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