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2308 Bay Boulevard,  Indian Rocks Beach FL, 33785

(Active)
$1,995,000
|
10 beds, 5 baths, 3,820 sqft
|
MLS# U8211094
Last Updated: 5/16/2024 10:56 PM
Description for 2308 Bay Boulevard Indian Rocks Beach, FL 33785
**** 5-UNIT INDIAN ROCKS BEACH INVESTMENT PROPERTY **** INCLUDES A NEW ROOF WITH FULL CATEGORY-4-RATED HURRICANE STRAPS **** TRANSFERABLE HOTEL LICENSE **** A unique opportunity to own a turnkey investment property in this quiet location. Nestled between the Gulf & Intracoastal. Beach access, a 2-minute walk at the end of 24th Ave N, and a small park on deep-water Intracoastal across the street. The current owner has meticulously maintained the property for over 20 years. No Rental Minimum and NO HOA! The property consists of 5 separate - 2 bed / 1 bath units all updated and maintained. Each unit has a private patio and Washer/Dryer hookup/storage area. **Live in one unit and rent out the rest or use a local management company and have a hands-free Seasonal/VRBO/Airbnb income rental** THE WINDOWS ARE HURRICANE IMPACT!! Non-smoking building, inside and out. The Kitchen appliances include a Refrigerator, Range, Dishwasher, and built-in Microwave. THIS PROPERTY HAS 2 PARKING SPACES PER UNIT PLUS GUEST PARKING!! The only property of its size for Indian Rocks Beach (IRB) with this amount of parking. Block construction, Block walls between each unit, and firewalls between apartments in the attic. Each unit is metered separately for Electric, Water/Sewer. The building shows pride of ownership. **Currently Tenant Occupied and Annual Lease to 2024 - $115,000. An increase in revenue is easily attainable as current rents are below market value. Perfect setup to convert to Airbnb. Comparable Short-Term Rentals in Indian Rocks Beach $200-$250k in gross income. Buyer to verify comparable income. **PLEASE DO NOT DISTURB TENANTS! ** Schedule a Private Showing today.
Price
$1,995,000
INDIAN BEACH RE-REVISED 16TH ADD
Pinellas
10
5
3,820 (approx)
U8211094
Active
Description
**** 5-UNIT INDIAN ROCKS BEACH INVESTMENT PROPERTY **** INCLUDES A NEW ROOF WITH FULL CATEGORY-4-RATED HURRICANE STRAPS **** TRANSFERABLE HOTEL LICENSE **** A unique opportunity to own a turnkey investment property in this quiet location. Nestled between the Gulf & Intracoastal. Beach access, a 2-minute walk at the end of 24th Ave N, and a small park on deep-water Intracoastal across the street. The current owner has meticulously maintained the property for over 20 years. No Rental Minimum and NO HOA! The property consists of 5 separate - 2 bed / 1 bath units all updated and maintained. Each unit has a private patio and Washer/Dryer hookup/storage area. **Live in one unit and rent out the rest or use a local management company and have a hands-free Seasonal/VRBO/Airbnb income rental** THE WINDOWS ARE HURRICANE IMPACT!! Non-smoking building, inside and out. The Kitchen appliances include a Refrigerator, Range, Dishwasher, and built-in Microwave. THIS PROPERTY HAS 2 PARKING SPACES PER UNIT PLUS GUEST PARKING!! The only property of its size for Indian Rocks Beach (IRB) with this amount of parking. Block construction, Block walls between each unit, and firewalls between apartments in the attic. Each unit is metered separately for Electric, Water/Sewer. The building shows pride of ownership. **Currently Tenant Occupied and Annual Lease to 2024 - $115,000. An increase in revenue is easily attainable as current rents are below market value. Perfect setup to convert to Airbnb. Comparable Short-Term Rentals in Indian Rocks Beach $200-$250k in gross income. Buyer to verify comparable income. **PLEASE DO NOT DISTURB TENANTS! ** Schedule a Private Showing today.
Listing Information
Property Type: Multi-Family, 1 Story
10 5
0.21 Acres 3,820 (approx) 1972
1 Block,Stucco
30//
INDIAN BEACH RE-REVISED 16TH ADD
Slab
Public
Public Sewer
Cable Available, Electricity Connected, Sewer Connected, Water Connected
Neighborhood
Room Information
Interior Features
Tile
Central Air
Electric Heating, Central
Blinds
Windows
Open Floorplan
Exterior / Lot Features
Stucco, Block
Front Porch, Rear Porch
Shingle
60x156
Driving Directions
Head West on W Bay Dr towards the Gulf of Mexico. Go left (south) on Gulf Blvd. Make a left on 24th Ave N. Go to the end to Bay Blvd. Building on the right. No Sign.
Financial Considerations
06-30-15-42318-000-0170
$12,460
Cash, Conventional
Listing Price History

Indian Rocks Beach Real Estate

Indian Rocks Beach is located in Florida. Indian Rocks Beach, Florida 33785 has a population of 3,682.

The median household income in Indian Rocks Beach, Florida 33785 is $76,042. 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 Indian Rocks Beach 33785 is 48 years.

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Courtesy: PREMIER SOTHEBYS INTL REALTY, 727-585-9600


All listing information is deemed reliable but not guaranteed and should be independently verified through personal inspection by appropriate professionals. Listings displayed on this website may be subject to prior sale or removal from sale; availability of any listing should always be independently verified.
Listing information is provided for consumer personal, non-commercial use, solely to identify potential properties for potential purchase; all other use is strictly prohibited and may violate relevant federal and state law. Copyright 2017, My Florida Regional MLS
This content last refreshed on 5/16/2024 10:56 PM CST. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.
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