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9921 Gulf Boulevard,  Treasure Island FL, 33706

(Active)
$2,950,000
|
2,328 sqft
|
MLS# T3525965
Last Updated: 6/14/2024 1:51 AM
Description for 9921 Gulf Boulevard Treasure Island, FL 33706
Exquisite Gulf Coast Retreat with Stunning Rooftop Views. Welcome to a meticulously renovated gem nestled in the heart of Florida's thriving Gulf Coast community. This extraordinary property has been transformed to maximize revenue potential and guest satisfaction, offering a seamless turn-key investment opportunity. Projected annual occupancy for this sparkling new residence is expected to near 80% with no rental restrictions, optimizing income potential benefits from a rare, grandfathered zoning for overnight accommodations, maximizing income potential and returning guest occupancy. Projected annual NOI ranges from nearly $250,000 to $312,000, with cap rates of 8%-10% or potentially higher. Proforma has been carefully & conservatively estimated with assistance of property management company, available upon request. This property is poised to deliver exceptional returns with minimal upkeep expenses, making it an ideal investment opportunity in a highly sought-after location. Step inside to discover bespoke layouts and furnishings, highlighted by a captivating spiral staircase leading to a 400 sq ft. rooftop deck with breathtaking 360-degree views of the surrounding area. No detail has been spared in the revitalization of this property, featuring brand-new HVAC systems, a TPO membrane roof, PVC plumbing, hurricane impact windows, sound-dampening drywall and flooring, upgraded electrical systems, refreshed exterior stucco/paint, and meticulously manicured landscaping with irrigation. Constructed with solid block materials resistant to humidity, water, and salt air, this property ensures low-maintenance durability. Boasting four exquisite 640 sq. ft., 1-bedroom / 1-bathroom units, each accommodating up to 4 guests comfortably, with interconnected doorways for added flexibility. Conveniently located across from public beach access, enhanced with newly installed city crosswalks for safety and convenience. The sale includes all luxury fixtures, furnishings, and guest amenities showcased in the photos, ensuring a smooth transition for the new owner. Enjoy easy access to major highways, making vibrant cities like Tampa, Sarasota, and Orlando just a 90-minute drive away. Explore St. Petersburg's vibrant downtown area, only 15 minutes from your doorstep, offering exceptional shopping, dining, and entertainment options. Indulge in St. Pete Beach's world-renowned soft, silky sand beaches just moments away. Don't miss out"schedule your private tour today!
Price
$2,950,000
BOCA CIEGA PASS SUB
Pinellas
2,328 (approx)
T3525965
Active
Description
Exquisite Gulf Coast Retreat with Stunning Rooftop Views. Welcome to a meticulously renovated gem nestled in the heart of Florida's thriving Gulf Coast community. This extraordinary property has been transformed to maximize revenue potential and guest satisfaction, offering a seamless turn-key investment opportunity. Projected annual occupancy for this sparkling new residence is expected to near 80% with no rental restrictions, optimizing income potential benefits from a rare, grandfathered zoning for overnight accommodations, maximizing income potential and returning guest occupancy. Projected annual NOI ranges from nearly $250,000 to $312,000, with cap rates of 8%-10% or potentially higher. Proforma has been carefully & conservatively estimated with assistance of property management company, available upon request. This property is poised to deliver exceptional returns with minimal upkeep expenses, making it an ideal investment opportunity in a highly sought-after location. Step inside to discover bespoke layouts and furnishings, highlighted by a captivating spiral staircase leading to a 400 sq ft. rooftop deck with breathtaking 360-degree views of the surrounding area. No detail has been spared in the revitalization of this property, featuring brand-new HVAC systems, a TPO membrane roof, PVC plumbing, hurricane impact windows, sound-dampening drywall and flooring, upgraded electrical systems, refreshed exterior stucco/paint, and meticulously manicured landscaping with irrigation. Constructed with solid block materials resistant to humidity, water, and salt air, this property ensures low-maintenance durability. Boasting four exquisite 640 sq. ft., 1-bedroom / 1-bathroom units, each accommodating up to 4 guests comfortably, with interconnected doorways for added flexibility. Conveniently located across from public beach access, enhanced with newly installed city crosswalks for safety and convenience. The sale includes all luxury fixtures, furnishings, and guest amenities showcased in the photos, ensuring a smooth transition for the new owner. Enjoy easy access to major highways, making vibrant cities like Tampa, Sarasota, and Orlando just a 90-minute drive away. Explore St. Petersburg's vibrant downtown area, only 15 minutes from your doorstep, offering exceptional shopping, dining, and entertainment options. Indulge in St. Pete Beach's world-renowned soft, silky sand beaches just moments away. Don't miss out"schedule your private tour today!
Listing Information
Property Type: Business Opportunities, 2 Story
0.11 Acres 2,328 (approx) 1970
2 Block,Stucco
31//
BOCA CIEGA PASS SUB
Slab
Public
Public Sewer
Water Connected
Neighborhood
Room Information
Interior Features
Dishwasher, Dryer, Microwave, Refrigerator, Washer
Tile
Central Air, Zoned
Other, Central
Other
Window Coverings, Blinds, Insulated Windows, Window Treatments
Thermostat
Closed Circuit Camera(s), Fire Alarm, Security Lights
Exterior / Lot Features
Stucco, Block
Membrane
Water
RFM-30
Landscaped, Near Public Transit
Community Features
Closed Circuit Camera(s), Fire Alarm, Security Lights
Driving Directions
From I-275, go west on 5th Ave N., Turn left on 66th Street, merge right onto Pasadena, Turn right on Central Ave, turn left on Gulf Blvd and go to 9921 Gulf Blvd, Treasure Island, FL 33706
Financial Considerations
26-31-15-09630-000-0200
$11,398
Cash, Conventional
Listing Price History

Treasure Island Real Estate

Treasure Island is located in Florida. Treasure Island, Florida 33706 has a population of 8,705.

The median household income in Treasure Island, Florida 33706 is $80,394. The median household income for the surrounding county is $58,167 compared to the national median of $66,222. The median age of people living in Treasure Island 33706 is 48 years.

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Courtesy: THE RAND WILSON GROUP


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