Price Reduction
Address
2308 Bay BOULEVARD, INDIAN ROCKS BEACH, FL
Price
$ 1,995,000
Property Attributes
- MLS#U8211094
- TypeIncome
- CountyPINELLAS
- CityINDIAN ROCKS BEACH
- AreaIndian Rocks Bch-Belleair Bch-Indian Shores
- NeighborhoodIndian Beach Re-Revised 16Th Add
- Zip33785
- StyleMulti Family
- Year Built1972
- Taxes$ 12460
- Price$ 1,995,000
- Bedrooms10
- Full Bathrooms5
- Half Bathrooms0
- Sqr Footage3820
- Lot Size9,148 SqFt
Data Source:
Stellar MLS
Property 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.
| Price History | |
|---|---|
| 9/5/2023 | Listed $2,800,000 |
| 10/1/2023 | 4% - $2,699,000 |
| 10/12/2023 | 15% - $2,300,000 |
| 11/21/2023 | 9% - $2,100,000 |
| 5/1/2024 | 5% - $1,995,000 |
General Features
| Interior Features | Ceiling Fan(s),Living Room/Dining Room Combo,Open Floorplan,Thermostat |
|---|---|
| Sewer | Public Sewer |
| Heating | Central,Electric |
| Cooling | Central Air |
| Utilities | BB/HS Internet Available,Cable Available,Electricity Connected,Sewer Connected,Water Connected |
| Roof | Shingle |
| Exterior Features | Irrigation System,Sidewalk |
| Patio/Porch Features | Front Porch,Rear Porch |
| Construction Materials | Block,Stucco |
| Year Built | 1972 |
| Levels | One |
| Property SubType | Multi Family |
| Tax Year | 2022 |
| Percent Ownership | Fee Simple |
| County | Pinellas |
| New Construction | No |
| Property Type | Residential Income |
| HOA / Comm Assn | No |
| Energy Efficient | Windows |
| Subdivision Name | INDIAN BEACH RE-REVISED 16TH ADD |
| Garage Y/N | No |
| Status | Active |
| 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. |
| City | INDIAN ROCKS BEACH |
| Buyer Agent Compensation | 2%-$395 |
| Senior Community Y/N | No |
| Total Units | 5 |
| MLS Area | 33785 - Indian Rocks Bch/Belleair Bch/Indian Shores |
| Lot Size Square Feet | 9361 |
| Private Pool | No |
| Waterfront Y/N | No |
| Carport Y/N | No |
| Street Name | Bay |
| Listing Terms | Cash,Conventional |
| Tax Annual Amount | 12460.47 |
| Public Remarks | **** 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 inve |
| Lease Considered Y/N | Yes |
| Virtual Tour | https://www.propertypanorama.com/instaview/stellar/U8211094 |
| Days on Market | 249 |
| Standard Status | Active |
| Tax Lot | 17 |
| Legal Description | INDIAN BEACH RE-REVISED 16TH ADD LOT 17 |
| Water Access Y/N | No |
| Water View Y/N | No |
Interior Features
| Flooring | Tile |
|---|---|
| Air Conditioning Y/N | Yes |
| Heating Y/N | Yes |
| Window Features | Blinds,Impact Glass/Storm Windows |
| Fireplace Y/N | No |
| Street Suffix | BOULEVARD |
| Total Bedrooms | 10 |
| LivingAreaSource | Public Records |
| Total Baths | 5 |
| Living Area Units | Square Feet |
Exterior Features
| Water Source | Public |
|---|---|
| Lot Size Area | 9361 |
| Foundation Details | Slab |
| Number of Buildings | 1 |
| Lot Dimensions | 60 x 156 |
| Lot Size Acres | 0.21 |
| Road Surface Type | Paved |
| Lot Size Units | Square Feet |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Income Average in 33785
Price
Taxes
Visits
Year Built
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All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Updated on May 12, 2024 5:55 AM UTC
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© 2024 Florida Gulf Coast MLS (FGCMLS) Information deemed reliable, but not guaranteed. The IDX data relating to real estate for sale on this web site comes in part from the Florida Gulf Coast Multiple Listing Service. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.
