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Property
Beds
10
Full Baths
None
1/2 Baths
None
Year Built
1948
Sq.Footage
4,846
Priced below appraised value for immediate equity. The Bungalows renovations are now complete! Enjoy brand-new stainless steel kitchen appliances, new cabinets, floors and furnishings enhance the property’s value. Time is money - no waiting to renovate before renting, secure this income property now to cash in on the summer season! This 10 unit plus office licensed hotel offers high income potential in its current use and intriguing value for future use of its four buildings and three parcels. A newly resurfaced pool and all new pool equipment await guests. Two of the four buildings lay adjacent to the pool, offering multiple rentals just steps to a relaxing dip or lounging on the pool deck. The Bungalows offers studios, one and two bedroom units to appeal to all types of vacationers. Every unit features a kitchenette making them feel like a home away from home. The charm and pride of ownership also extends to the multiple outdoor spaces frequently raved about in reviews. Relax under shade, unwind in an Adirondack chair or play corn hole in the Florida sun - there are many options for outdoor enjoyment here. Each unit has direct access to outdoor areas made to feel like a private oasis for guests. This boutique hotel offers new roofs, HVAC and water heaters presenting the buyer with a low maintenance, tropical sanctuary. New floors and cabinets are just another highlight. Prime Gulf Blvd location with direct access to a crosswalk makes staying here a breeze for guests. The property is a two minute walk to Pinellas County's #1 tourist destination John's Pass Village & Boardwalk featuring shopping, restaurants, jet ski rentals, sunset cruises, fishing charters and live music. Treasure Island beach is located steps away and beacons guests to relax and stay a while. A boat ramp is located steps from this property making kayaking a breeze. Kayak, jet ski and floating tiki hut rentals routinely make arrangements to pick up guests here.
Features & Amenities
Interior
-
Other Interior Features
Stone Counters
-
Total Bedrooms
10
-
Bathrooms
N/A
-
Cooling YN
YES
-
Cooling
Central Air
-
Fireplace YN
NO
-
Heating YN
YES
-
Heating
Central, Electric
Exterior
-
Garage
No
-
Construction Materials
Concrete, Stucco
-
Other Exterior Features
Courtyard, Storage
-
Pool
Yes
-
Pool Features
Gunite, In Ground, Private
-
Waterfront YN
NO
Area & Lot
-
Lot Size(acres)
0.4
-
Property Type
Residential Income
-
Property Sub Type
Multi Family
Price
-
Sales Price
$3,500,000
-
Tax Amount
25102.0
-
Sq. Footage
4, 846
-
Price/SqFt
$722
HOA
-
Association
NO
School District
-
Elementary School
N/A
-
Middle School
N/A
-
High School
N/A
Property Features
-
Foundation Details
Slab
-
Ownership
Fee Simple
-
Senior Community YN
NO
-
Sewer
Public Sewer
-
Tax Lot
7
-
Water Source
Public
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Location
County
Pinellas
Elementary School
Middle School
High School
Listing Courtesy of Evan Pedone , ENGEL & VOLKERS MADEIRA BEACH
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Business Coach | Executive Sales Associate | Realtor®
MichaelGraf
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