Address
2706 1st STREET, INDIAN ROCKS BEACH, FL
Price
$ 1,599,990
Property Attributes
  • MLS#U8241594
  • TypeIncome
  • CountyPINELLAS
  • CityINDIAN ROCKS BEACH
  • AreaIndian Rocks Bch-Belleair Bch-Indian Shores
  • NeighborhoodIndian Beach Re-Revised
  • Zip33785
  • StyleQuadruplex
  • Year Built1973
  • Taxes$ 12926
  • Price$ 1,599,990
  • Bedrooms8
  • Full Bathrooms4
  • Half Bathrooms0
  • Sqr Footage3060
  • Lot Size0.17 Acres
Data Source:
Stellar MLS
Property Description

ATTN INVESTORS - INDIAN ROCKS BEACH 4 UNIT BUILDING! LESS THAN $400K/unit ---ONLY 2 BLOCKS TO SAND! GREAT INVESTMENT OPPORTUNITY! ***SELLER FINANCING OPTIONS***ALL UNITS are 2 bedrooms, 1 bath, 765 square feet, great floorplan, porches, many new updates! UPDATES: new metal roof 2017, some units feature new hot water heater, new AC, new fridge, dishwasher. See attached list of upgrades & FAQs. Laundry room on-site , new coin operated washer & dryer. Each unit has 2 parking spaces (tandem) and 6 guest spaces (tandem). POOL sized lot has lots of room on west side of the property for pool, hot tub, gazebo. tiki huts - check with City of IRB for permitting requirements. Highly desirable location, concrete building with over 20 years steady rental income! Currently rented to long term, very nice tenants at below market rent due to being listed for sale. Live in one and rent out others! SHORT TERM RENTALS ALLOWED. ADJACENT southside duplex property for sale as well. Great chance to have a fantastic vacation resort or knock down and build new. Unlimited opportunities and income for the right beach loving owner! Located within walking distance to local restaurants, attractions including the IRB Nature Preserve, many parks with tennis/pickleball, basketball, baseball field, skateboard park, playground. EASY, convenient access to the beautiful Gulf beaches via 27th Ave beach access, perfectly situated for both leisure and ease of commuting. BRING YOUR BOAT - community boat ramp less than 1 block away! The beach community offers endless opportunities for waterfront activities, dining, and shopping, making it an ideal location. IRB is golf cart friendly. Many options with this unique property as primary residence, 2nd home getaway with short term rentals (STR) - NO minimum rental in IRB. AIRDNA estimates $247K gross rental as a STR. Embodying quality construction and many updates, new owners will enjoy a worry-free lifestyle! Enjoy a beach community that celebrates the best of Florida living, blending modern comforts with the natural beauty of IRB. Don't let this promising investment opportunity get away! ***DO NOT DISTURB TENANTS***

Price History
5/5/2024 Listed $1,599,990

General Features

Interior Features Ceiling Fan(s),Eating Space In Kitchen,Living Room/Dining Room Combo,Solid Wood Cabinets,Stone Counters,Walk-In Closet(s),Window Treatments
Sewer Public Sewer
Heating Central,Electric
Cooling Central Air
Utilities Cable Connected,Electricity Connected,Public,Sewer Connected,Street Lights,Water Connected
Roof Metal
Appliances Dishwasher,Dryer,Electric Water Heater,Microwave,Range,Refrigerator,Washer
Exterior Features Balcony,Courtyard,Garden,Lighting,Private Mailbox,Storage
Patio/Porch Features Covered,Front Porch,Patio
Security Features Smoke Detector(s)
Construction Materials Concrete,Other
Pets Allowed Cats OK,Dogs OK,Yes
Year Built 1973
Tenant Pays Electricity
View Garden,Trees/Woods
Levels One
Property SubType Quadruplex
Tax Year 2023
Percent Ownership Fee Simple
Gross Income 77600
Community Features Community Boat Ramp,Dock,Fishing,Intracoastal Waterway,Marina,Public Boat Ramp,Dog Park,Fitness Center,Golf Carts OK,Park,Playground,Pool,Restaurant,Sidewalks,Tennis Court(s)
County Pinellas
New Construction No
Property Type Residential Income
HOA / Comm Assn No
Subdivision Name INDIAN BEACH RE-REVISED
Garage Y/N No
Other Structures Shed(s),Storage
Status Active
Directions FROM Gulf Blvd.,go EAST On 27th Ave to 1st Street,go North on 1st Street,property on left
ModificationTimestamp 2024-06-18T13:15:47.037Z
City INDIAN ROCKS BEACH
Buyer Agent Compensation 2.5%-$395
Disclosures Lead Paint,Seller Property Disclosure
View Y/N Yes
Senior Community Y/N No
NumberOfUnitsTotal 4
MLS Area 33785 - Indian Rocks Bch/Belleair Bch/Indian Shores
Lot Size Units Square Feet
Lot Size Square Feet 7196
Waterfront Y/N No
Carport Y/N No
Land Lease Y/N No
Tax Annual Amount 12926.54
Ok to Lease >6 Months
Additional Parcels Y/N No
Lease Considered Y/N Yes
Virtual Tour https://www.propertypanorama.com/instaview/stellar/U8241594
Days on Market 44
Building Area Units Square Feet
Living Area Units Square Feet
Standard Status Active
Tax Lot 9
Total Actual Rent 6275
Legal Description INDIAN BEACH RE-REVISED BLK 2,LOT 9
Water Access Type Bay/Harbor,Beach,Canal - Saltwater,Gulf/Ocean,Intracoastal Waterway
Minimum Lease 1-7 Days
Water Access Y/N Yes
Additional Rooms Inside Utility,Storage Rooms
Water View Y/N No
Flood Zone Code AE

Interior Features

Flooring Carpet,Ceramic Tile,Luxury Vinyl,Tile
Furnished Y/N Unfurnished
Air Conditioning Y/N Yes
Heating Y/N Yes
Window Features Blinds
Fireplace Y/N No
Laundry Features Common Area,Electric Dryer Hookup,Inside,Laundry Room,Washer Hookup
Total Bedrooms 8
LivingAreaSource Public Records
Total Baths 4

Exterior Features

Parking Features Common,Curb Parking,Golf Cart Parking,Ground Level,Guest,On Street,Open,Oversized,Tandem
Lot Features Conservation Area,Flood Insurance Required,FloodZone,City Lot,In County,Landscaped,Level,Near Golf Course,Near Marina,Near Public Transit,Private
Water Source Public
Lot Size Area 7196
Foundation Details Other,Slab
Number of Buildings 1
Spa No
Lot Dimensions 60 x 120
Lot Size Acres 0.17
Road Surface Type Paved,Asphalt,Other
Number of Separate Water Meters 1
Number of Separate Electric Meters 5
Road Frontage Type Street Paved
Number of Lots 1
Road Responsibility Public Maintained Road
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
$1.6M
Taxes
AVG $12,504
$12,926
Visits
AVG 1094
820
Data Provided by Inside Real Estate®
Year Built
AVG 1988
1973