$4,100,000
$4,750,000
13.7%For more information regarding the value of a property, please contact us for a free consultation.
24 Beds
24 Baths
12,216 SqFt
SOLD DATE : 05/21/2025
Key Details
Sold Price $4,100,000
Property Type Multi-Family
Sub Type Multi Family
Listing Status Sold
Purchase Type For Sale
Square Footage 12,216 sqft
Price per Sqft $335
Subdivision City Of Treasure Island
MLS Listing ID TB8342761
Sold Date 05/21/25
Bedrooms 24
HOA Y/N No
Year Built 1987
Annual Tax Amount $38,740
Lot Size 0.650 Acres
Acres 0.65
Property Sub-Type Multi Family
Source Stellar MLS
Property Description
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.
Location
State FL
County Pinellas
Community City Of Treasure Island
Area 33706 - Pass A Grille Bch/St Pete Bch/Treasure Isl
Interior
Interior Features Ceiling Fans(s), Living Room/Dining Room Combo
Heating Central
Cooling Central Air
Flooring Carpet, Tile
Furnishings Unfurnished
Fireplace false
Appliance Dishwasher, Dryer, Electric Water Heater, Range, Refrigerator, Washer
Laundry Inside
Exterior
Exterior Feature Balcony, Lighting, Outdoor Grill, Outdoor Shower, Private Mailbox, Sidewalk
Parking Features Assigned, Covered, Guest, Basement
Pool Gunite, In Ground
Utilities Available Cable Connected, Electricity Connected, Sewer Connected, Water Connected
Waterfront Description Intracoastal Waterway
View Y/N 1
Water Access 1
Water Access Desc Intracoastal Waterway
View Water
Roof Type Shingle
Garage false
Private Pool Yes
Building
Lot Description FloodZone, Landscaped
Entry Level One
Foundation Slab
Lot Size Range 1/2 to less than 1
Sewer Public Sewer
Water Public
Structure Type Block,Concrete
New Construction false
Others
Pets Allowed Yes
Senior Community No
Ownership Fee Simple
Acceptable Financing Cash, Conventional, Other
Listing Terms Cash, Conventional, Other
Special Listing Condition None
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