2605 BAY BLVD, Indian Rocks Beach, FL 33785 – U8191404

$2,099,000

Est. payment -/mo

$2,099,000

Est.Price: ?

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6 Beds

3 Baths

2,464 SqFt

SOLD DATE : 10/27/2023

Key Details

Sold Price $2,099,000

Property Type Multi-Family

Sub Type Triplex

Listing Status Sold

Purchase Type For Sale

Square Footage 2,464 sqft

Price per Sqft $851

Subdivision Indian Beach Re-Revised 12Th Add

MLS Listing ID U8191404

Sold Date 10/27/23

Bedrooms 6

HOA Y/N No

Originating Board Stellar MLS

Year Built 1957

Annual Tax Amount $15,700

Lot Size 7,840 Sqft

Acres 0.18

Lot Dimensions 73x104

Property Description

** Seller Financing Opportunity...Seller will hold 500K note at 7%**Perfect opportunity to purchase a waterfront, 3 unit (6 bedroom) vacation rental building in the highly sought after city of Indian Rocks Beach. CONCRETE BLOCK CONSTRUCTION - ALL NEW HURRICANE - NEW MARINE SEAWALL - ALL NEW ROOF - WATERFRONT VACATION RENTAL PROPERTY. Turn-key and ready for Vacation Rentals. Tenant occupied, annual leases all Month to Month. Indian Rocks Beach has no rental restrictions on AirBnB short terms rentals. Excellent Income property. Entire property has been renovated both interior and exterior. All new hurricane windows, new paint, awnings, pavers (front and back), car port, landscaping, sprinklers and fencing. 72 feet of new seawall and cap. Interiors of all three units (2 Beds 1 Bath) are brand new, kitchens, appliances, bathrooms, flooring, moldings and paint. All new AC units. Roof deck and dock with space for two boats. New outdoor shower, covered parking. Three separate storage units with washer and dryer in each. See attached income statement for income and expenses. All 2 Beds 1 Bath Zero deferend maintenance Fully Renovated New roof 72 Feet of Waterfront along the Intercoastal All New landscaping, sprinklers, pavers, deck, dock New seawall and cap All New hurricane windows, exterior paint, awnings. All New gutters and soffits. All New interiors, paint, flooring, kitchens, baths, molding, doors, appliances. New Hot & Cold Outdoor Shower 3 New AC units 3 Separate electric meters Unit 1 furnished by professional interior designer, ready for Airbnb, all furnishings convey. All new outdoor lighting Keyless entry on all doors. Comparable STR's in Indian Rocks Beach are showing 240K-260K in gross income. Buyer to verify comparable income.

Location

State FL

County Pinellas

Community Indian Beach Re-Revised 12Th Add

Zoning MULTIFAMIL

Rooms

Other Rooms Storage Rooms

Interior

Interior Features Ceiling Fans(s), Kitchen/Family Room Combo, Stone Counters, Thermostat

Heating Central, Electric

Cooling Central Air

Furnishings Partially

Fireplace false

Appliance Dishwasher, Dryer, Electric Water Heater, Microwave, Range, Refrigerator, Washer

Exterior

Exterior Feature Awning(s), Balcony, Fence, Irrigation System, Lighting, Outdoor Shower, Rain Gutters, Storage

Parking Features Driveway, Ground Level, On Street

Community Features Park, Playground, Boat Ramp, Tennis Courts

Utilities Available Cable Connected, Electricity Connected, Public, Sewer Connected, Street Lights, Water Connected

Waterfront Description Bay/Harbor, Canal - Saltwater, Intracoastal Waterway

View Y/N 1

Water Access 1

Water Access Desc Canal - Saltwater,Intracoastal Waterway

View Water

Roof Type Membrane

Garage false

Private Pool No

Building

Lot Description Flood Insurance Required, FloodZone, City Limits, In County, Level, Near Marina, Near Public Transit, Paved

Entry Level Two

Foundation Slab

Lot Size Range 0 to less than 1/4

Sewer Public Sewer

Water Public

Structure Type Block, Concrete

New Construction false

Schools

Elementary Schools Anona Elementary-Pn

Middle Schools Seminole Middle-Pn

High Schools Largo High-Pn

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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Ricardo Simon

ricardo.simon@lptrealty.com +1(407) 476-6263

Our team is ready to help you sell your home for the highest possible price ASAP

Listed by DOUGLAS ELLIMAN
Bought with SOUTHERN ROOTS REALTY, LLC

"After my 14-year service to the U.S. NAVY, I have dedicated my life to the real estate industry for the last decade. Now, my mission is to provide you with a smooth and beneficial experience in buying or selling real estate in Central Florida. Call me to learn more."

+1(407) 476-6263

ricardo.simon@lptrealty.com