2308 Bay Boulevard

Indian Rocks Beach, FL 33785

**** LOCATION, LOCATION, LOCATION!! **** COASTAL BEACH INVESTMENT PROPERTY IN NORTH INDIAN ROCKS BEACH **** A unique opportunity to own a turnkey investment property in this quiet location. Nestled between the Gulf & Intracoastal. Beach access, a short walk down the street 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 its own private patio and Washer/Dryer hookup/storage area. THE WINDOWS ARE HURRICANE IMPACT!! All Apartments are Non-Smoking. The Kitchen appliances include: Refrigerator, Range, Dishwasher, and built-in Microwave. All units have plantation blinds. THIS PROPERTY HAS 19 PARKING SPACES!! The only property of its size in Indian Rocks Beach (IRB) with that amount of parking. Each unit has its own water heater. All water heaters and ACs have been updated. The last 2 were replaced in April 2023, which includes new ductwork/handler. Block construction, Block walls between each unit, and firewalls between apartments in the attic. Each unit has pull-down ladders to access service in the attics. Each unit is metered separately for Electric, Water/Sewer. The owner pays for Reclaim Irrigation only ($66 every other month). The building shows pride of ownership. **Currently Tenant Occupied and Annual Lease to 2024 - $111, 000K. Potential for higher earnings with a change to Seasonal and/or AirBnB. Comparable Short-Term Rentals in Indian Rocks Beach $200-$250k in gross income. Buyer to verify comparable income. **PLEASE DO NOT DISTURB TENANTS! ** ONE UNIT IS AVAILABLE TO SHOW ** UNITS ARE IDENTICAL ***

Listing courtesy of PREMIER SOTHEBYS INTL REALTY



Listing information is provided by Participants of the Stellar MLS. IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. Copyright 2023, Stellar MLS.
Data last updated at: 2023-09-21 06:30 PM EDT