Address
1214 Bay Pine BOULEVARD, INDIAN ROCKS BEACH, FL
Price
$ 1,150,000
Property Attributes
  • MLS#U8230633
  • TypeIncome
  • CountyPINELLAS
  • CityINDIAN ROCKS BEACH
  • AreaIndian Rocks Bch-Belleair Bch-Indian Shores
  • NeighborhoodIndian Beach Re-Revised 1St Add
  • Zip33785
  • StyleTriplex
  • Year Built1947
  • Taxes$ 6890
  • Price$ 1,150,000
  • Bedrooms5
  • Full Bathrooms3
  • Half Bathrooms0
  • Sqr Footage1480
  • Lot Size0.16 Acres
Data Source:
Stellar MLS
Property 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.

Price History
2/13/2024 Listed $1,299,000
2/27/2024 9% - $1,195,000
3/3/2024 4% - $1,150,000
3/17/2024 9% - $1,050,000

General Features

Interior Features Built-in Features,Ceiling Fan(s),Kitchen/Family Room Combo,Primary Bedroom Main Floor,Solid Surface Counters,Solid Wood Cabinets,Thermostat,Window Treatments
Sewer Public Sewer
Heating Central,Electric
Cooling Central Air,Mini-Split Unit(s)
Utilities BB/HS Internet Available,Cable Available,Cable Connected,Fiber Optics
Possession Close of Escrow
Roof Shingle
Appliances Dishwasher,Dryer,Electric Water Heater,Microwave,Range,Refrigerator,Washer
Exterior Features Awning(s),Courtyard,Dog Run,Fenced,Garden,Irrigation System,Lighting,Private Mailbox,Rain Gutters,Storage
Patio/Porch Features Covered,Front Porch,Patio,Rear Porch
Construction Materials Block,Concrete,Stucco
Year Built 1947
Property SubType Triplex
Tax Year 2022
Percent Ownership Fee Simple
Gross Income 120000
Community Features Golf Carts OK,Park,Playground,Restaurant,Tennis Court(s)
County Pinellas
New Construction No
Property Type Residential Income
HOA / Comm Assn No
Subdivision Name INDIAN BEACH RE-REVISED 1ST ADD
Garage Y/N No
Other Structures Shed(s)
Status Active
Directions Gulf Blvd North to 14th Ave N,make right on 14th Ave,property is on corner of 14th and Bay pine on the right.
ModificationTimestamp 2024-06-05T13:31:16.853Z
City INDIAN ROCKS BEACH
Buyer Agent Compensation 2.5%-295
View Y/N No
Senior Community Y/N No
NumberOfUnitsTotal 3
MLS Area 33785 - Indian Rocks Bch/Belleair Bch/Indian Shores
Lot Size Units Square Feet
Lot Size Square Feet 6782
Waterfront Y/N No
Carport Y/N No
Land Lease Y/N No
Tax Annual Amount 6890
Additional Parcels Y/N No
Lease Considered Y/N No
Days on Market 114
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 1ST ADD BLK 84,LOT 17
Minimum Lease No Minimum
Water Access Y/N No
Additional Rooms Breakfast Room Separate,Den/Library/Office,Storage Rooms
Water View Y/N No
Flood Zone Code AE

Interior Features

Flooring Vinyl
Furnished Y/N Furnished
Common Walls Corner Unit,End Unit
Air Conditioning Y/N Yes
Heating Y/N Yes
Window Features Blinds,Window Treatments
Fireplace Y/N No
Laundry Features Laundry Room
Total Bedrooms 5
LivingAreaSource Public Records
Total Baths 3

Exterior Features

Parking Features Boat,Guest,Off Street,On Street,RV Parking
Lot Features Corner Lot,Flood Insurance Required,FloodZone,City Lot,Level,Near Public Transit
Water Source Public
Lot Size Area 6782
Foundation Details Slab
Number of Buildings 1
Lot Size Acres 0.16
Road Surface Type Paved,Asphalt
Road Frontage Type Street Paved
Open Parking Y/N Yes

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
$1.15M
Taxes
AVG $12,504
$6,890
Visits
AVG 1094
788
Data Provided by Inside Real Estate®
Year Built
AVG 1988
1947