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 Size0.21 Acres
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 |
| Possession | Close of Escrow |
| Roof | Shingle |
| Exterior Features | Irrigation System |
| Patio/Porch Features | Front Porch,Rear Porch |
| Construction Materials | Block,Stucco |
| Year Built | 1972 |
| Tenant Pays | Electricity,Sewer,Trash Collection,Water |
| Levels | One |
| Property SubType | Multi Family |
| Tax Year | 2022 |
| Percent Ownership | Fee Simple |
| Gross Income | 114350 |
| County | Pinellas |
| New Construction | No |
| Property Type | Residential Income |
| HOA / Comm Assn | No |
| Energy Efficient | Roof,Windows |
| Subdivision Name | INDIAN BEACH RE-REVISED 16TH ADD |
| Garage Y/N | No |
| Green Indoor Air Quality | No Smoking-Interior Buildg |
| Green Water Conservation | Irrigation-Reclaimed Water |
| 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. |
| ModificationTimestamp | 2024-06-05T21:36:08.037Z |
| City | INDIAN ROCKS BEACH |
| Buyer Agent Compensation | 2%-$395 |
| Disclosures | Lead Paint,Seller Property Disclosure |
| View Y/N | No |
| Senior Community Y/N | No |
| NumberOfUnitsTotal | 5 |
| MLS Area | 33785 - Indian Rocks Bch/Belleair Bch/Indian Shores |
| Lot Size Units | Square Feet |
| Lot Size Square Feet | 9361 |
| Waterfront Y/N | No |
| Carport Y/N | No |
| Street Name | Bay |
| Land Lease Y/N | No |
| Tax Annual Amount | 12460.47 |
| Additional Parcels Y/N | No |
| Lease Considered Y/N | Yes |
| Virtual Tour | https://www.propertypanorama.com/instaview/stellar/U8211094 |
| Days on Market | 274 |
| Building Area Units | Square Feet |
| Living Area Units | Square Feet |
| Standard Status | Active |
| Occupancy Type | Tenant |
| Tax Lot | 17 |
| Legal Description | INDIAN BEACH RE-REVISED 16TH ADD LOT 17 |
| Water Access Type | Beach,Gulf/Ocean |
| Water Access Y/N | Yes |
| Water View Y/N | No |
| Flood Zone Code | AE |
Interior Features
| Flooring | Tile |
|---|---|
| Air Conditioning Y/N | Yes |
| Heating Y/N | Yes |
| Window Features | Blinds,Impact Glass/Storm Windows |
| Fireplace Y/N | No |
| Total Bedrooms | 10 |
| LivingAreaSource | Public Records |
| Total Baths | 5 |
Exterior Features
| Water Source | Public |
|---|---|
| Lot Size Area | 9361 |
| Foundation Details | Slab |
| Number of Buildings | 1 |
| Lot Dimensions | 60 x 156 |
| Street Suffix | BOULEVARD |
| Lot Size Acres | 0.21 |
| Road Surface Type | Paved |
| Road Responsibility | Public Maintained Road |
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 June 12, 2024 7:33 AM UTC
