$1,300,000
Description
Turnkey, waterfront multi-family (5-unit) property in the desirable Isle of Palms neighborhood of Treasure Island. One of the widest canals on all the beaches with great, open water views! The property offers 5 clean apartments with tile flooring throughout. Enjoy an easy walk to the local beaches and the neighborhood park. Building offers a 2-bed/1-bath unit with spectacular views, two (2) 1-bed/1-bath units, and two (2) efficiencies (both will remain vacant until property sells). The building could easily be converted to consist of three (3) 2-bed units if desired. Additionally, the property offers a boat/fishing dock (2005), on-site laundry, adequate parking and newer seawall cap (2005). Roof redone in 2017 and most windows/doors are now hurricane impact. All units are individually metered for electric. All existing tenants are month to month. Great value-add property with below market rental rates in place and strategic cosmetic updating. Great investment property or occupy a unit for yourself and let the tenants pay your mortgage. Cash flow and land bank scarce waterfront asset in booming area of Florida = win/win!Property Highlights
- Acres: 0.15
- County: Pinellas
- Year Built: 1957
- Cooling Type: Wall/Window Unit(s)
- Property Type: Commercial, Multi Family
- MLS #: U8155380
Property Features
| Appliances | Range, Refrigerator |
| Construction Materials | Concrete |
| Cooling | Wall/Window Unit(s) |
| Exterior Features | Dock, Storage |
| Has View | Yes |
| Interior Square Footage | 2,669 |
| Lot Size Acres | 0.15 |
| Lot Size Dimension | 52' x 130' |
| Lot Size Square Feet | 6,579 |
| Roof | Built-Up |
| Sewer | Public Sewer |
| Stories | One |
| Water Source | Public |
| Waterfront | Yes |
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