$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. 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.. $88,000 GYI with $25,000 Expenses. Owner pays all expenses .. NOTE: Weekly rentals would greatly enhance Income. Nice opportunity here for a 1031 Exchange.. Owner Financing ?? Want to semi - retire .. Purchase this Property. $1.29.. 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 initial 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#U8095462
Listing TypeFor Sale
Sub-TypeResale
StatusActive
Year1959
Days On Site94

Features

SQ Feet2,419
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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:
$594,500
100% of Average
SqFt:
2,419
low | high
Med:
708
100% of Average
$ / SqFt:
$537
low | high
Med:
$210
100% of Average
On Site:
94
low | high
Med:
106
88.679245283019% of Average
Listing Updated: November 24, 2020 2:59:39 AM PST
Roger Hogan LogoMLS Number: U8095462
Listing Provided By:
Roger Hogan  of  COLDWELL BANKER SUN VISTA

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