$1,850,000
$2,200,000
15.9%For more information regarding the value of a property, please contact us for a free consultation.
2,613 SqFt
SOLD DATE : 01/03/2023
Key Details
Sold Price $1,850,000
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Sold
Purchase Type For Sale
Square Footage 2,613 sqft
Price per Sqft $707
Subdivision Bahia Vista Sub
MLS Listing ID O6057394
Sold Date 01/03/23
HOA Y/N No
Originating Board Stellar MLS
Year Built 1960
Annual Tax Amount $9,366
Lot Size 5,662 Sqft
Acres 0.13
Property Description
BRING ALL OFFERS! SELLER IS MOTIVATED TO SELL! The only waterfront 4plex in all of IndianRocks Beach priced to sell at a 6.5% cap rate. Buy now before the season gets here! 2023 bookings already in place averaging 4-5k a month per unit. All bookings and superhost status will transfer! Investors dream as this property can be managed fully remote from anywhere in the world. Rent it daily, weekly, monthly, or annually as IndianRocks Beach has no rental restrictions on short terms rentals. Save 20%! No property manager required. Everything is set up for full automation. All software and programs will convey. Seller will stay on 2 additional weeks to train buyer. Over 200k in rehab. The entire property has been fully renovated inside and out. All new hurricane windows, new paint, awnings, pavers, landscaping, and fencing. Interiors of all 4 units are brand new, kitchens, appliances, bathrooms, flooring, moldings and paint. All new energy-efficient smart-enabled mini split AC units in the living room and bedroom of each unit keep the place cold and the electric bill down. Separately metered for water and electric for added flexibility and rent options. New hurricane-rated custom french doors give guests amazing views of the water. Brand new dock with heat and weather resistant Trex and enough space for 3 boats for added income. All new front doors equipped with Yale smart locks so guests are automatically sent their own unique code upon booking. Security system with app monitoring access. EVERYTHING is new! This is truly a turnkey investment. Start making money from day 1 with a proven asset in the most highly sought-after area on the Gulf Coast with NO RENTAL RESTRICTIONS! Seller makes no guarantees. Buyer to verify all information as accurate.
Location
State FL
County Pinellas
Community Bahia Vista Sub
Interior
Interior Features Ceiling Fans(s), Open Floorplan
Heating Electric
Cooling Mini-Split Unit(s)
Flooring Vinyl
Fireplace false
Appliance Disposal, Dryer, Exhaust Fan, Microwave, Range, Refrigerator, Washer
Exterior
Exterior Feature Fence, French Doors, Hurricane Shutters, Lighting, Sidewalk, Storage
Parking Features Off Street
Utilities Available Cable Connected, Electricity Connected, Phone Available, Water Connected
View Y/N 1
Water Access 1
Water Access Desc Beach - Public,Gulf/Ocean to Bay
Roof Type Shingle
Garage false
Private Pool No
Building
Foundation Slab
Lot Size Range 0 to less than 1/4
Sewer Public Sewer
Water Public
Structure Type Concrete
New Construction false
Others
Pets Allowed Yes
Senior Community No
Ownership Fee Simple
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Special Listing Condition None
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Bought with COASTAL PROPERTIES GROUP