Sold

145 116th Avenue, Treasure Island, FL 33706

Beds
24
Baths
24
Sqft
12,216
Pool
Yes

View property features, location on map, relevant school information and overview from seller's agent.

Listed byTOTAL REALTY SERVICES INC
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Overview

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.

Location

Full feature list

Basic info

Number of bedrooms
24
Number of bathrooms
24
Square feet
12,216
Lot size (acres)
0.65
Year built
1987

Exterior features

Pool
Yes
Water view
Yes
Waterfront
Waterfront

Utilities

Heating
Central
Cooling
Central air
Sewer
Public sewer
Water
Public

Taxes

Tax Annual Amount (2024)
$38,740

Public schools

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Sourced from: Stellar MLS MLS®#: TB8342761 Last checked:

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