Property
Beds
24
Full Baths
None
1/2 Baths
None
Year Built
1987
Sq.Footage
12,216
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 & Amenities
Interior
-
Total Bedrooms
24
-
Bathrooms
N/A
-
Cooling YN
YES
-
Cooling
N/A
-
Fireplace YN
NO
-
Heating YN
YES
-
Heating
Central
Exterior
-
Garage
No
-
Construction Materials
Block, Concrete
-
Other Exterior Features
Balcony, Lighting, Outdoor Grill, Outdoor Shower, Dock
-
Parking
Assigned, Covered, Guest, Basement
-
Pool
Yes
-
Pool Features
Gunite, In Ground, Private
-
Waterfront YN
YES
-
View
Water
Area & Lot
-
Lot Features
Landscaped, Waterfront
-
Lot Size(acres)
0.65
-
Property Type
Residential Income
-
Property Sub Type
Multi Family
Price
-
Sales Price
$4,750,000
-
Tax Amount
38740.0
-
Sq. Footage
12, 216
-
Price/SqFt
$388
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
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Location
County
Pinellas
Elementary School
Middle School
High School
Listing Courtesy of Fatima Rapuano , TOTAL REALTY SERVICES INC
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