145 116TH AVE, TREASURE ISLAND, FL, 33706
$4,750,000
Residential Income
|
Bedrooms
24
|
Bathrooms
24
|
Living Area
12,216 Sqft
|
Lot Size
28,157 Sqft
|
Prime investment opportunity in Treasure Island. This highly sought-after location is consistently in high demand from tenants, ensuring minimal vacancies and a steady stream of rental income and high potential for future appreciation in property value. This is a Turnkey 15-unit multifamily building with a mix of unit types—6 one-bedroom, one-bath units, and 9 two-bedroom, two-bath units, plus Full Washer & Dryer in each Unit. The variety allows for diverse tenant profiles. Every unit has a balcony that overlooks the scenic intracoastal waterway, adding a premium aspect that could attract tenants willing to pay a bit more for the view and waterfront living experience, plus it is just minutes walk to the Gulf Beaches. Exterior Features include Private Waterfront Pool, Dock, Outdoor Bathroom, Outdoor Shower, Grill and Bike Rack; all great features for tenants, enhancing the quality of life and making the property more appealing to renters. This building has an Elevator and Under-Building Designated parking as well as plenty of Guest Parking. 13 out of the 15 units are currently leased, with the remaining 2 used occasionnally by the owners. This shows that the property is actively rented, which can be reassuring to potential investors, as there's already an established rental income stream.
Property Details
| Property Features | Property Features | |||
|---|---|---|---|---|
| MLS ID: | MFRTB8342761 | Year Built: | 1987 | |
| Appliances: | Dishwasher, Dryer, Electric Water Heater, Range, Refrigerator, Washer | Construction Materials: | Block, Concrete | |
| Cooling: | Central Air | Country: | US | |
| Disclosures: | Seller Property Disclosure | Exterior Features: | Balcony, Irrigation System, Lighting, Outdoor Grill, Outdoor Shower, Private Mailbox, Sidewalk | |
| Financial Data Source: | Owner | Flooring: | Carpet, Tile | |
| Foundation Details: | Slab | Furnished: | Unfurnished | |
| Heating: | Central | Laundry Features: | Inside | |
| Lease Term: | Twelve Months | Levels: | One | |
| Listing Agreement: | Exclusive Right To Sell | Listing Terms: | Cash, Conventional, Other | |
| Lot Features: | FloodZone, Landscaped | Parking Features: | Assigned, Covered, Guest, Under Building | |
| Pets Allowed: | Yes | Pool Features: | Gunite, In Ground | |
| Property Sub Type: | Multi-Family | Property Type: | Residential Income | |
| Road Responsibility: | Public Maintained Road | Road Surface Type: | Asphalt | |
| Roof: | Shingle | Security Features: | Fire Alarm, Smoke Detector(s) | |
| Sewer: | Public Sewer | Showing Requirements: | Call Listing Agent, No Lockbox, See Remarks, ShowingTime | |
| Special Listing Conditions: | None | Standard Status: | Active | |
| State Or Province: | FL | Tenant Pays: | Electricity | |
| Utilities: | Cable Connected, Electricity Connected, Sewer Connected, Water Connected | View: | Water | |
| Water Source: | Public | Waterfront Features: | Intracoastal Waterway | |
| Window Features: | Blinds | |||
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