Property Description

**** INDIAN ROCKS BEACH INVESTMENT PROPERTY **** 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 3 PARKING SPACES PER UNIT!! 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.

Features
: Central, Electric
: Rear Porch
: Shingle
: Dishwasher, Microwave, Range, Refrigerator, Electric water heater
: Park
: Irrigation system, Storage
Slab
: Thermostat, Ceiling fans(s), Living room/dining room combo, Window treatments
: Cable available, Bb/hs internet available, Electricity connected, Sewer connected, Water Connected
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Address Map
BAY
2308
BOULEVARD
0
W83° 9' 18.2''
N27° 54' 19.8''
MLS Information
PREMIER SOTHEBYS INTL REALTY
0
: None
1
$12,460
2022
04/01/2024 02:02:08

Residential

2308 BAY BOULEVARD, INDIAN ROCKS BEACH, Florida 33785

10 Bedrooms
5 Baths Full
4,186 Sqft
$2,100,000
Listing ID #MFRU8217259
Basic Details
Property Type : Residential
Listing Type : For Sale
Listing ID : MFRU8217259
Price : $2,100,000
Bedrooms : 10
Rooms : 0
Baths Full : 5
Square Footage : 4,186 Sqft
Year Built : 1972
Lot Area : 0.21 Sqft
Country : USA
State : Florida
City : INDIAN ROCKS BEACH
Zipcode : 33785
Lot Size Sq Ft : 0 Sqft
Status : Active
Subdivision : INDIAN BEACH RE-REVISED 16TH ADD
Active : Yes
Agent Info
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