Property Description

7.4% CAP RATE – FULLY PERMITTED RENOVATIONS… Unit #2 is fully licensed and operating as a vacation rental, property mangament is in place. Unit 1 & 3 can also be set up at STR for increased income potential. Welcome to 1214 Bay Pine Blvd, an exceptional investment opportunity in the scenic coastal town of Indian Rocks Beach, Florida. This fully updated triplex, with no deferred maintenance, offers a unique blend of comfort and profitability. The property comprises two cozy studio apartments and a spacious 1100 sq ft main unit, each boasting new kitchens, appliances, flooring, and updated AC units. All units enjoy private patios, perfect for soaking up the Florida sunshine and the gentle sea breeze. Just steps from the beach, this corner property provides easy access to the intercoastal and the sparkling Gulf of Mexico. The location also offers convenient access to a variety of local amenities, ensuring a lifestyle of comfort and convenience. With its new exterior features including roof, landscaping, driveways, and lighting, and ample parking for 8-10 cars, this property is primed for generating rental income or serving as your dream beach getaway. With an oversized corner lot there is ample room to install a private pool. The property also features zoning flexibility and no short-term rental minimum, making it a versatile investment. Don’t miss out on this rare opportunity to capitalize on all that Indian Rocks Beach has to offer.

Features

Heating System:: Central, Electric
Cooling System:: Central Air, Mini-Split Unit(s)
Patio:: Covered, Patio, Rear Porch, Front Porch
Parking:: Off Street, Guest, Boat, On Street, RV Access/Parking
Exterior Features:: Lighting, Storage, Private Mailbox, Rain Gutters, Dog Run, Garden, Courtyard, Fence, Awning(s)
Flooring:: Vinyl
Interior Features:: Ceiling Fans(s), Thermostat, Kitchen/Family Room Combo, Primary Bedroom Main Floor, Window Treatments, Solid Wood Cabinets, Solid Surface Counters, Built-in Features
Laundry Features:: Laundry Room
Sewer:: Public Sewer
Utilities:: Cable Available, Cable Connected, BB/HS Internet Available, Fiber Optics
Window Features:: Blinds, Window Treatments

Appliances

Appliances:: Range, Dishwasher, Refrigerator, Washer, Dryer, Electric Water Heater, Microwave

Address Map

Country:: US
State:: FL
County:: Pinellas
City:: Indian Rocks Beach
Subdivision:: INDIAN BEACH RE-REVISED 1ST ADD
Zipcode:: 33785
Street:: BAY PINE
Street Number:: 1214
Street Suffix:: BOULEVARD
Longitude:: W83° 9' 17.6''
Latitude:: N27° 53' 47.2''
Directions:: Gulf Blvd North to 14th Ave N, make right on 14th Ave, property is on corner of 14th and Bay pine on the right.
Mls Area Major:: 33785 - Indian Rocks Bch/Belleair Bch/Indian Shores

Additional Information

Water Source:: Public
Virtual Tour:: https://www.propertypanorama.com/instaview/stellar/U8230633
Previous Price:: 995000
On Market Date:: 2024-02-12
Number Of Units Total:: 3
Lot Features:: Paved, Corner Lot, Level, Flood Insurance Required, FloodZone, City Limits, Near Public Transit
Foundation Details:: Slab
Construction Materials:: Block, Concrete, Stucco
Community Features:: Park, Playground, Golf Carts OK, Restaurant, Tennis Court(s)