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
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
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
AVG $2.36M
$2M
Taxes
AVG $12,504
$12,460
Visits
AVG 1094
1761
Data Provided by Inside Real Estate®
Year Built
AVG 1988
1972