2308 Bay Blvd

Indian Rocks Beach, FL 33785 View Map $1,995,000 Schedule a Tour
Beds10
Baths5
Sq.Ft.3,820
Year1972
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Kendall Bonner

Kendall Bonner

(813) 536-6026
 
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Status: Active
Property Type:Multi-Family
MLS #:U8211094
Sq. Feet:3,820
On Site:261 Days
Lot Size:9,361 Sq. Ft.
County:Pinellas
**** 5-UNIT INDIAN ROCKS BEACH INVESTMENT PROPERTY **** INCLUDES A NEW ROOF WITH FULL CATEGORY-4-RATED HURRICANE STRAPS **** TRANSFERABLE HOTEL LICENSE **** A unique opportunity to own a turnkey investment property in this quiet location. Nestled between the Gulf & Intracoastal. Beach access, a 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 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 a 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 - $115,000. 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.

Mortgage Calculator

$000 Monthly Payment
Loan and interest only.

Detailed Maps

Price Change History

Date Old Price New Price Percent Change
10/1/2023$2,800,000$2,699,000-3.6%
10/12/2023$2,699,000$2,300,000-14.8%
11/20/2023$2,300,000$2,100,000-8.7%
5/1/2024$2,100,000$1,995,000-5%

Community Information

Address:2308 Bay Blvd, Indian Rocks Beach, FL 33785
County:Pinellas
Zip Code:33785

Architecture

Bedrooms: 10
Bathrooms: 5
Year Built:1972
Stories:1
Construction Materials: Block, Stucco
Flooring Types: Tile
Roof: Shingle
Foundation: Slab

Features / Amenities

Interior Features: Ceiling Fans(s), Living Room/Dining Room Combo, Open Floorplan, Thermostat
Flooring: Tile
Exterior Features: Irrigation System
Patio And Porch: Front Porch, Rear Porch
Green Energy Efficient: Roof, Windows
Green Indoor Air Quality: No Smoking-Interior Buildg
Green Water Conservation: Irrigation-Reclaimed Water
Window: Blinds, Impact Glass/Storm Windows
Cooling: Central Air
Heating: Central, Electric
Air Conditioning: Central Air

Property Features

Lot Size: 0.21 Acres / 9,361 Sq. Ft.
Lot Dimensions:60x156
Waterfront Feet: 0
Lot #: 17
Flood Zone: AE
Utilities: BB/HS Internet Available, Cable Available, Electricity Connected, Sewer Connected, Water Connected
Sewer: Public Sewer
Water: Public
Road Responsibility: Public Maintained Road
Road Surface: Paved
Directions:Head West on W Bay Dr towards the Gulf of Mexico. Go left (south) on Gulf Blvd. Make a left on 24th Ave N. Go to the end to Bay Blvd. Building on the right. No Sign.

Tax and Financial Info

Tax Year: 2022
Tax Annual Amount: $12,460.47
Ownership: Fee Simple
Financing Available: Cash, Conventional
Financing Available: Cash, Conventional
Homestead: No
Total Annual Fees: $0
Disclosures: Lead Paint, Seller Property Disclosure
Realtor Info: As-Is, Short Term Rental Allowed, Sign

Schools

WALKING AND TRANSPORTATION

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2308 Bay Blvd Indian Rocks Beach,  FL 33785
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2308 Bay Blvd Indian Rocks Beach, FL 33785
 
ASAP
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23
May
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May
Sat
25
May
Sun
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May
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May
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May
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29
May
Choose Your Date -- It's Free, Cancel Anytime
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Listing provided courtesy of Premier Sothebys Intl Realty (727-585-9600).
© 2024 My Florida Regional MLS DBA Stellar MLS. All rights reserved.
The data relating to real estate displayed on this website comes in part from the Internet Data Exchange (IDX) Program of My Florida Regional MLS DBA Stellar MLS. All listing information is deemed reliable but not guaranteed and should be independently verified through personal inspection by appropriate professionals. Listings displayed on this website may be subject to prior sale or removal from sale; availability of any listing should always be independently verified. Listing information is provided for consumers' personal, non-commercial use, solely to identify potential properties for potential purchase; all other use is strictly prohibited and may violate relevant federal and state law. Stellar MLS data last updated at May 22, 2024 2:15 PM EST.