Treasure Island - Beach Property For Sale #5575120

Amazing income property on Treasure Island!

Incredible potential with this established 4 unit property located in the heart of Treasure Island. The main building sits on the Intercoastal and is only 1/2 a block from Treasure Island Beach. Minutes from Sunset Beach, St Pete Beach, Madeira Beach and 15 miles from Florida's famous, Clearwater Beach. So many areas and places to explore in close proximity to this location. Various sites and attractions that are *uniquely Florida* are in the immediate area: the iconic Thunderbird Hotel, Johns' Pass Boardwalk, and the St Pete Pier to name a few.
The 3 units in the larger structure along the intercostal were used by the current owner as an . This building consists of one 2 bedroom, 1 bath unit (Unit A) that is approx. 810 sq ft; and 2 - 1 bedroom, 1 bath units with one of them approx. 750 sq ft (Unit B) and the other 1 bedroom, 1 bath unit (Unit C) approx. 694 sq ft. Units A and B sit on the intercoastal and have spectacular water views from both living rooms as well as the main bedrooms. The other structure that sits along 104th Ave was a long-term rental and is a 1 bedroom, 1 bath and just under 900 sq feet. There are carports for each unit and 2 laundry room spaces onsite.
As the pictures attest, the property sustained some damage from hurricanes Helene and Milton. The current owner has had the compromised material removed; flooring, drywall, appliances, etc. However, many of the items still in the units, the upper cabinets, the outlets, microwave and mini-splits were still in working order when last checked. Some electrical work has been completed and many of the windows were new and look to be in great condition. This property was owned, loved on, and cherished by the same family for over 45 years and eagerly awaits it's new owners! Endless possibilities with this property!
Complete transparency so please feel free to reach out with any questions.
Expected rents listed are based on comps for Treasure Island and are estimated.