$949,000
Pending · 698 days on market · MLS# MFRU8230633
| Bedrooms | 5 |
|---|---|
| Living area | 1,480 sq ft |
| Lot size | 0.16 acres |
| Year built | 1947 |
| Property type | Triplex |
| Private pool | Yes |
| Waterfront | Yes |
| Annual taxes | $7,030 |
| County | Pinellas |
7.4% CAP RATE - FULLY PERMITTED RENOVATIONS... Unit #2 is fully licensed and operating as a vacation rental, property mangament is in place. Unit 1 & 3 can also be set up at STR for increased income potential. Welcome to 1214 Bay Pine Blvd, an exceptional investment opportunity in the scenic coastal town of Indian Rocks Beach, Florida. This fully updated triplex, with no deferred maintenance, offers a unique blend of comfort and profitability. The property comprises two cozy studio apartments and a spacious 1100 sq ft main unit, each boasting new kitchens, appliances, flooring, and updated AC units. All units enjoy private patios, perfect for soaking up the Florida sunshine and the gentle sea breeze. Just steps from the beach, this corner property provides easy access to the intercoastal and the sparkling Gulf of Mexico. The location also offers convenient access to a variety of local amenities, ensuring a lifestyle of comfort and convenience. With its new exterior features including roof, landscaping, driveways, and lighting, and ample parking for 8-10 cars, this property is primed for generating rental income or serving as your dream beach getaway. With an oversized corner lot there is ample room to install a private pool. The property also features zoning flexibility and no short-term rental minimum, making it a versatile investment. Don't miss out on this rare opportunity to capitalize on all that Indian Rocks Beach has to offer.
Listing courtesy of Mike Daquino, DOUGLAS ELLIMAN. Presented by MC Homes Realty Inc · 727432218.