Property Description
Prime investment opportunity in Treasure Island. This highly sought-after location is consistently in high demand from tenants, ensuring minimal vacancies and a steady stream of rental income and high potential for future appreciation in property value. This is a Turnkey 15-unit multifamily building with a mix of unit types—6 one-bedroom, one-bath units, and 9 two-bedroom, two-bath units, plus Full Washer & Dryer in each Unit. The variety allows for diverse tenant profiles. Every unit has a balcony that overlooks the scenic intracoastal waterway, adding a premium aspect that could attract tenants willing to pay a bit more for the view and waterfront living experience, plus it is just minutes walk to the Gulf Beaches. Exterior Features include Private Waterfront Pool, Dock, Outdoor Bathroom, Outdoor Shower, Grill and Bike Rack; all great features for tenants, enhancing the quality of life and making the property more appealing to renters. This building has an Elevator and Under-Building Designated parking as well as plenty of Guest Parking. 13 out of the 15 units are currently leased, with the remaining 2 used occasionnally by the owners. This shows that the property is actively rented, which can be reassuring to potential investors, as there’s already an established rental income stream.
Features
- Swimming Pool:
- In Ground, Gunite
- Heating System:
- Central
- Cooling System:
- Central Air
- Parking:
- Assigned, Covered, Guest, Basement
- Exterior Features:
- Lighting, Balcony, Private Mailbox, Sidewalk, Outdoor Grill, Outdoor Shower
- Flooring:
- Carpet, Tile
- Interior Features:
- Ceiling Fans(s), Living Room/Dining Room Combo
- Laundry Features:
- Inside
- Pool Private Yn:
- 1
- Sewer:
- Public Sewer
- Utilities:
- Cable Connected, Electricity Connected, Sewer Connected, Water Connected
- Waterfront Features:
- Intracoastal Waterway
- Window Features:
- Blinds
Appliances
- Appliances:
- Range, Dishwasher, Refrigerator, Washer, Dryer, Electric Water Heater
Address Map
- Country:
- US
- State:
- FL
- County:
- Pinellas
- City:
- Treasure Island
- Subdivision:
- CITY OF TREASURE ISLAND
- Zipcode:
- 33706
- Street:
- 116TH
- Street Number:
- 145
- Street Suffix:
- AVENUE
- Longitude:
- W83° 13' 34.5''
- Latitude:
- N27° 46' 30.4''
- Directions:
- Gulf Blvd in Treasure Island to 116th Avenue to 145 116th Avenue, Jolly Roger Building on the Right.
- Mls Area Major:
- 33706 - Pass a Grille Bch/St Pete Bch/Treasure Isl
Additional Information
- Water Source:
- Public
- Virtual Tour:
- https://www.propertypanorama.com/instaview/stellar/TB8342761
- Previous Price:
- 5250000
- On Market Date:
- 2025-02-13
- Number Of Units Total:
- 15
- Lot Features:
- FloodZone, Landscaped
- Levels:
- One
- Foundation Details:
- Slab
- Construction Materials:
- Block, Concrete
Financial
- Tax Annual Amount:
- 38740
Listing Information
- List Agent Mls Id:
- 260040768
- List Office Mls Id:
- 283503675
- Listing Term:
- Cash,Conventional,Other
- Mls Status:
- Sold
- Modification Timestamp:
- 2025-05-22T13:08:08Z
- Originating System Name:
- Stellar
- Special Listing Conditions:
- None
- Status Change Timestamp:
- 2025-05-22T13:06:31Z
Residential Income For Sale
145 116th Ave, Treasure Island, Florida 33706
24 Bedrooms
24 Bathrooms
12,216 Sqft
$4,750,000
Listing ID #TB8342761
Basic Details
- Property Type :
- Residential Income
- Listing Type :
- For Sale
- Listing ID :
- TB8342761
- Price :
- $4,750,000
- View :
- Water
- Bedrooms :
- 24
- Bathrooms :
- 24
- Square Footage :
- 12,216 Sqft
- Year Built :
- 1987
- Lot Area :
- 0.65 Acre
- Property Sub Type :
- Multi Family
- Roof:
- Shingle
- Waterfront Yn :
- 1