12315 GULF BLVD, TREASURE ISLAND, FL, 33706
$2,395,000
Residential Income
|
Bedrooms
8
|
Bathrooms
8
|
Living Area
4,160 Sqft
|
Lot Size
10,450 Sqft
|
Silver Sands is an 8 unit licensed hotel comprising three buildings and a large courtyard at an amazing 10 CAP RATE. Located just steps to the beach, this boutique hotel offers one bedroom suites to fit all types of vacationers. These spacious units all feature a combined living and dining area, generous kitchenette and separate bedroom and bathroom. The bottom floor units offer a charming front patio that opens to a large landscaped courtyard, putting guests in a vacation state of mind. An additional outdoor area for relaxing in the Gulf breeze ensures parties of all size can find a tropical sanctuary. This boutique hotel is renovated with new roofs, newer HVAC and new water heaters presenting the buyer with a low maintenance, tropical oasis. New floors and cabinets are just another highlight. Reserved on site parking is popular with guests. Prime Gulf Blvd location with direct access to a crosswalk makes staying here a breeze. The property is a two minute walk to Pinellas County's #1 tourist destination John's Pass Village & Boardwalk featuring shopping, restaurants, jet ski rentals, sunset cruises, fishing charters and live music. Treasure Island beach is located steps away and beacons guests to relax and stay a while. A boat ramp is located just steps from this property making kayak and water sports a breeze. Kayak, jet ski and floating tiki hut operators routinely make arrangements to pick up guests here. This property is currently in the process of being renovated after receiving water intrusion from Hurricane Helene. Additional 10 unit hotel for sale next-door, schedule your tour today.
Property Details
| Property Features | Property Features | |||
|---|---|---|---|---|
| MLS ID: | MFRTB8322337 | Year Built: | 1949 | |
| Construction Materials: | Concrete, Stucco | Cooling: | Central Air | |
| Country: | US | Exterior Features: | Courtyard, Fence, Irrigation System, Sidewalk, Storage | |
| Foundation Details: | Slab | Heating: | Central, Electric | |
| Laundry Features: | Laundry Room | Listing Agreement: | Exclusive Right To Sell | |
| Listing Terms: | Cash, Conventional | Property Sub Type: | Multi-Family | |
| Property Type: | Residential Income | Road Surface Type: | Paved | |
| Roof: | Metal | Sewer: | Public Sewer | |
| Showing Requirements: | Appointment Only, Listing Agent Must Accompany, ShowingTime | Special Listing Conditions: | None | |
| Standard Status: | Active | State Or Province: | FL | |
| Utilities: | Cable Connected, Electricity Connected, Phone Available, Public, Sewer Connected, Street Lights, Water Connected | Water Source: | Public | |
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