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Key Details
Sold Price $1,300,000
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 2,669 sqft
Price per Sqft $487
Subdivision Isle Of Palms
MLS Listing ID U8155380
Sold Date 05/03/22
Construction Status Financing,Inspections
HOA Y/N No
Year Built 1957
Annual Tax Amount $8,268
Lot Size 6,534 Sqft
Acres 0.15
Lot Dimensions 52' x 130'
Property Description
Turnkey, waterfront multi-family (5-unit) property in the desirable Isle of Palms neighborhood of Treasure Island. One of the widest canals on all the beaches with great, open water views! The property offers 5 clean apartments with tile flooring throughout. Enjoy an easy walk to the local beaches and the neighborhood park. Building offers a 2-bed/1-bath unit with spectacular views, two (2) 1-bed/1-bath units, and two (2) efficiencies (both will remain vacant until property sells). The building could easily be converted to consist of three (3) 2-bed units if desired. Additionally, the property offers a boat/fishing dock (2005), on-site laundry, adequate parking and newer seawall cap (2005). Roof redone in 2017 and most windows/doors are now hurricane impact. All units are individually metered for electric. All existing tenants are month to month. Great value-add property with below market rental rates in place and strategic cosmetic updating. Great investment property or occupy a unit for yourself and let the tenants pay your mortgage. Cash flow and land bank scarce waterfront asset in booming area of Florida = win/win!
Location
State FL
County Pinellas
Community Isle Of Palms
Zoning RM-15
Direction E
Interior
Interior Features Window Treatments
Heating Wall Units / Window Unit
Cooling Wall/Window Unit(s)
Flooring Tile
Fireplace false
Appliance Range, Refrigerator
Laundry Laundry Room, Outside
Exterior
Exterior Feature Sidewalk, Storage
Garage Off Street
Utilities Available Cable Connected, Electricity Connected, Sewer Connected, Street Lights, Water Connected
Waterfront true
Waterfront Description Canal - Saltwater
View Y/N 1
Water Access 1
Water Access Desc Bay/Harbor,Canal - Saltwater,Gulf/Ocean,Gulf/Ocean to Bay,Intracoastal Waterway
View Water
Roof Type Built-Up
Attached Garage false
Garage false
Private Pool No
Building
Lot Description FloodZone, City Limits, Level, Near Marina, Sidewalk, Paved
Entry Level One
Foundation Slab
Lot Size Range 0 to less than 1/4
Sewer Public Sewer
Water Public
Structure Type Concrete
New Construction false
Construction Status Financing,Inspections
Others
Senior Community No
Ownership Fee Simple
Acceptable Financing Cash, Conventional, VA Loan
Listing Terms Cash, Conventional, VA Loan
Special Listing Condition None
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Bought with BARKETT REALTY
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