$1,150,000 $6,530 est/mo Sourced by Back At You

1214 Bay Pine Blvd,INDIAN ROCKS BEACH, FL 33785

INDIAN ROCKS BEACH FL, 33785

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Description

Exciting investment opportunity! $73,000 Gross Annual Income. Fully updated and renovated multi-family triplex, ZERO deferred maintainance. Nestled in the picturesque coastal town of Indian Rocks Beach, Florida. Offering a unique proposition for both investors and homeowners seeking a prime location. Perfectly positioned just steps away from the beach, access to the intercoastal and the sparkling waters of the Gulf of Mexico, this triplex comprises two charming studio apartments and a main unit with 1100 sq ft featuring three bedrooms one bath private parking, and screened recreation room and private patio. Residents and tenants alike can bask in the glorious Florida sunshine and enjoy the gentle sea breeze from their private patios, providing an ideal space for unwinding after a long day. Moreover, this exceptional triplex provides convenient access to a wide array of local amenities, ensuring a lifestyle of comfort and convenience. With its prime corner location, zoning flexibility, endless possibilities, and strong potential for generating rental income, or building your dream beach getaway, this triplex represents a rare and exceptional investment prospect in one of Florida's most desirable coastal communities. Don't miss out on the chance to make this property your own and capitalize on all that Indian Rocks Beach has to offer. Property Features: Exterior: New roof (2023), New landscaping, new pavers, new driveways, new sprinkler system, new exterior paint, new PVC fencing, new patios on each unit, new exterior lighting, parking for 8-10 cars. Interior: All three units Fully Furnished / New Kitchens / appliances / counters and cabinets, new flooring, new doors, new keyless entry, Updated AC units (2021), Updated electric, 3 separate meters, updated plumbing, new interior lighting and fans, new interior paint and moldings. Highlight: No short term rental minimum Room for RV storage or boat storage. Unit 1 - Rented $3000 a month Lease starts May 1st 2024 Unit 2 - Rented $1500 a month leased started March 1st 2024 Unit 3 - For Rent - $1600 a month $73K a year Current gross income. Great 1031 exchange property.

Details

MLS#U8230633
Listing TypeFor Sale
StyleTown House
Sub-TypeFor-sale
StatusActive
Year1947
Days On Site132
Listing Provided ByDOUGLAS ELLIMAN | Mike Daquino
Buying Commision2.5%-295
Listing Commission2.5%-295

Features

Bed(s)5
Bath(s)3
SQ Feet1,480
Units3
Acreage0.16

Market Activity 33785

 Listings courtesy of Stellar MLS as distributed by MLS GRID.Based on information submitted to the MLS GRID as of June 23, 2024 at 6:39:19 AM PDT All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. The Digital Millennium Copyright Act of 1998, 17 U.S.C. § 512 (the “DMCA”) provides recourse for copyright owners who believe that material appearing on the Internet infringes their rights under U.S. copyright law. If you believe in good faith that any content or material made available in connection with our website or services infringes your copyright, you (or your agent) may send us a notice requesting that the content or material be removed, or access to it blocked. Notices must be sent in writing by email to DMCAnotice@MLSGrid.com. “The DMCA requires that your notice of alleged copyright infringement include the following information: (1) description of the copyrighted work that is the subject of claimed infringement; (2) description of the alleged infringing content and information sufficient to permit us to locate the content; (3) contact information for you, including your address, telephone number and email address; (4) a statement by you that you have a good faith belief that the content in the manner complained of is not authorized by the copyright owner, or its agent, or by the operation of any law; (5) a statement by you, signed under penalty of perjury, that the information in the notification is accurate and that you have the authority to enforce the copyrights that are claimed to be infringed; and (6) a physical or electronic signature of the copyright owner or a person authorized to act on the copyright owner’s behalf. Failure to include all of the above information may result in the delay of the processing of your complaint.

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StateFL
CountyPinellas
CityINDIAN ROCKS BEACH
Zip Code33785
Area33785 Indian Rocks Bch | Belleair Bch | Indian Shores
Community NameINDIAN BEACH RE REVISED 1ST ADD
Listing VS Median (in INDIAN BEACH RE REVISED 1ST ADD)
Price:
$1,150,000
low | high
Med:
$949,450
67.439130434783% of Average
SqFt:
1,480
low | high
Med:
1,360
58.141891891892% of Average
$ / SqFt:
$777
low | high
Med:
$703
59.587285342713% of Average
On Site:
132
low | high
Med:
184.000000
71.739130434783% of Average
Sourced by Back At You
Listing Updated: June 20, 2024 at 5:46:44 PM PDT