122 CORAL AVE, REDINGTON SHORES, FL, 33708
$2,999,999
Commercial Sale
|
Living Area
3,319 Sqft
|
Lot Size
6,643 Sqft
|
Turn-Key Luxury Coastal Investment | 8-Unit Multi-Family Opportunity!!!Situated less than 450 feet from public beach access, this fully renovated 8-unit multi-family asset is a premier short-term rental opportunity along the Gulf Coast. Zoned Commercial Tourist Facilities (CTF) for approved nightly rentals, the property offers immediate, high-yield passive income. Key Property Upgrades & Features:
Comprehensive Renovations: Outfitted with a durable aluminum PVD-plated roof, custom impact-resistant windows, and a fully rewired electrical system with new panels. Upgraded Interiors: Each unit boasts European-style kitchens with quartz countertops and glass backsplashes, paired with modern, spa-inspired bathrooms featuring updated vanities and custom showers. High-Efficiency Comfort: Equipped with Stiebel tankless water heaters, mini-split A/C systems in 7 units, and sustainable Cali bamboo plank flooring. Extensive Exterior Upgrades: Features permeable paver ground coverage, fresh stucco with advanced lathe, and dedicated power already run for a 12-person courtyard hot tub (with ample space to add a pool or full spa). Prime Beachside Location: Includes 8 on-site parking spaces and is located within steps of local dining, shopping, and nightlife. Fully furnished, impeccably maintained, and optimized for short-term rental performance.
Property Details
| Property Features | Property Features | |||
|---|---|---|---|---|
| MLS ID: | MFRTB8557529 | Year Built: | 1951 | |
| Appliances: | Microwave, Refrigerator | Construction Materials: | Block | |
| Cooling: | Central Air, Mini-Split Unit(s) | Country: | US | |
| County Or Parish: | Pinellas | Flooring: | Bamboo, Luxury Vinyl | |
| Foundation Details: | Slab | Heating: | Central, Electric | |
| Listing Agreement: | Exclusive Right To Sell | Listing Terms: | Cash, Commercial Financing | |
| Lot Features: | Corner Lot, Flood Insurance Required, FloodZone, Sidewalk, Paved | Property Sub Type: | Multi-Family 5+ | |
| Property Type: | Commercial Sale | Road Frontage Type: | City Street | |
| Road Surface Type: | Paved | Roof: | Metal | |
| Sewer: | Public Sewer | Showing Requirements: | 24 Hour Notice, Appointment Only, Listing Agent Must Accompany | |
| Special Listing Conditions: | None | Standard Status: | Active | |
| State Or Province: | FL | Utilities: | Water Connected | |
| Water Source: | Public | Window Features: | Storm Window(s) | |
We love to hear from you