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
Agent info
Contact Agent

Scroll to Top