2308 BAY BOULEVARD INDIAN ROCKS BEACH FL 33785 MLS #U8211094

2308 BAY BOULEVARD
INDIAN ROCKS BEACH, FL, 33785
$2,100,000
10 Beds
5 Baths
3,820 SqFt
0.21 Acres
$2,100,000
2308 BAY BOULEVARD
INDIAN ROCKS BEACH, FL, 33785
**** INDIAN ROCKS BEACH INVESTMENT PROPERTY **** INCLUDES A NEW ROOF WITH FULL HURRICANE STRAPS **** A unique opportunity to own a turnkey investment property in this quiet location. Nestled between the Gulf & Intracoastal. Beach access, a short 2-minute walk at the end of 24th Ave N, and a small park on deep-water Intracoastal across the street. The current owner has owned and meticulously maintained the property for over 20 years. No Rental Minimum and NO HOA! The property consists of 5 separate – 2 bed / 1 bath units all updated and maintained. Each unit has a private patio and Washer/Dryer hookup/storage area. **Live in one unit and rent out the rest or use a local management company and have a hands-free Seasonal/VRBO/Airbnb income rental** THE WINDOWS ARE HURRICANE IMPACT!! Non-smoking building, inside and out. The Kitchen appliances include: Refrigerator, Range, Dishwasher, and built-in Microwave. THIS PROPERTY HAS 2 PARKING SPACES PER UNIT PLUS GUEST PARKING!! The only property of its size for Indian Rocks Beach (IRB) with this amount of parking. Block construction, Block walls between each unit, and firewalls between apartments in the attic. Each unit is metered separately for Electric, Water/Sewer. The building shows pride of ownership. **Currently Tenant Occupied and Annual Lease to 2024 – $96,062K. An increase in revenue is easily attainable as current rents are below market value. Perfect setup to convert to Airbnb. Comparable Short-Term Rentals in Indian Rocks Beach $200-$250k in gross income. Buyer to verify comparable income. **PLEASE DO NOT DISTURB TENANTS! ** Schedule a Private Showing today.

Property Details

Price:
$2,100,000
MLS #:
U8211094
Status:
Active
Beds:
10
Baths:
5
Address:
2308 BAY BOULEVARD
Type:
Multi Family
Subdivision:
INDIAN BEACH RE-REVISED 16TH ADD
City:
INDIAN ROCKS BEACH
Listed Date:
Sep 5, 2023
State:
FL
Finished Sq Ft:
3,820
ZIP:
33785
Lot Size:
9,361 sqft / 0.21 acres (approx)
Year Built:
1972
Units:
5

Schools

Interior

Cooling
Central Air
Flooring
Tile
Heating
Central, Electric

Exterior

Construction Materials
Block, Stucco
Exterior Features
Irrigation System, Sidewalk
Roof
Shingle

Financial

Buyer Agent Compensation
2.5%%
Tax Year
2022
Taxes
$12,460
Need more info?
Ask a Question
Ready to go see it?
Schedule a Showing

Mortgage Calculator

 

Map

2308 BAY BOULEVARD
INDIAN ROCKS BEACH, FL