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.
MLS# | U8095462 |
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Listing Type | For Sale |
Sub-Type | Resale |
Status | Active |
Year | 1959 |
Days On Site | 148 |
SQ Feet | 2,419 |
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Area Information | |
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State | FL |
County | Pinellas |
City | INDIAN ROCKS BEACH |
Zip Code | 33785 |
Area | 33785- Indian Rocks BchBelleair BchIndian Shores |
Listing VS Median (in 33785) | |
Price: $1,299,000 low | high Med: $615,000 SqFt: 2,419 low | high Med: 1,415 $ / SqFt: $537 low | high Med: $435 On Site: 148 low | high Med: 76 |