$1,299,000

1011 Gulf Boulevard

INDIAN ROCKS BEACH FL, 33785

Description

Indian Rocks Beach Fl. Nicely updated Key West style 6 unit apartment building on Gulf Blvd. Beach access right across the street. The ' Sun and Sand ' Building consists of Two Studios Apts ( #1 #2) plus Three - One Bedroom Apts ( # 3, #4, #5) and One Larger Owners Unit (#6 ) which is a larger one Bedroom with an additional Room / Office.. All Units rented including #6. Just completed Updating which consisted of Roof, Electrical Panel, One Meter with all new Elec panels in each unit. New A/C Wall Units, Laundry Room, Outdoor Lighting, All New Patio Pavers, Sod, Fencing, Sprinkler System, Ext Painting & Security Cameras.. Large corner property (over 114 ft. on Gulf Blvd.) Commercial Zoning allows hotel/motel, retail, office use or condo conversion if desired. No realtor sign (look for Sun & Sand sign). Note: Owners Unit #6 updated & Furnished. Tenant leaving 9-1-2020 - Easy access afterwards. Please do not disturb Tenants or walk the property. Ample On-Site Parking . We can answer any questions. Come to Florida and enjoy life again. Call for Survey. More photos coming.. Apts are rented on a monthly basis.. NOTE: Weekly rentals would greatly enhance Income. Nice opportunity here for a 1031 Exchange.. Owner Financing ?? ... Want to Semi - Retire. Purchase this Property. $1.25.. Install a Pool $65,000 - Live in Apt 6 and rent out the 5 other Units on a nightly basis.. Income would be 5 rooms x $155 a Night x 70% occupancy which is 255 days out of the year.. Calculation 5 X $155 X 255 = $197,625 Yearly Gross Income.. Not a bad Life... Cash in that stock.. Have a nice 10 year run . Double your Investment & move on.. Get out of the City and move to Florida.. Call for details .. Have a Family member participate.. Location, Location, location.

Details

MLS#U8095981
Listing TypeFor Sale
Sub-TypeResale
StatusActive
Year1959
Days On Site59

Features

SQ Feet2,419
ZoningRM2
Acreage0.18
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Area Information
StateFL
CountyPinellas
CityINDIAN ROCKS BEACH
Zip Code33785
Area33785- Indian Rocks BchBelleair BchIndian Shores
Listing VS Median (in 33785)
Price:
$1,299,000
low | high
Med:
$577,000
100% of Average
SqFt:
2,419
low | high
Med:
1,496
88.156262918561% of Average
$ / SqFt:
$537
low | high
Med:
$387
77.951077615933% of Average
On Site:
59
low | high
Med:
159
37.106918238994% of Average
Listing Updated: 10/11/2020
Roger Hogan LogoMLS Number: U8095981
Listing Provided By:
Roger Hogan  of  COLDWELL BANKER SUN VISTA

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