1517 Bay Palm Boulevard, Indian Rocks Beach, FL 33785

$800,000
3,548
SqFt

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Sold Price
$800,000
List Price
$900,000
Status
Sold
Days on Market
36
Closing Date
May 02, 2025
MLS#
TB8357783
Property Style
Multi Family
Year Built
1953
Living Area
3,548
Lot Size
9,500
Acres
0.22
Total Acreage
0 to less than 1/4
Legal Subdivision Name
Indian Beach Re-Revised
MLS Area Major
Indian Rocks Bch/Belleair Bch/Indian Shores

Property Description

Prime Investment Opportunity – 6-Unit Apartment Building in Indian Rocks Beach! Located just steps from Kolb Park and a short stroll to the pristine beaches of Indian Rocks Beach, this 6-unit multifamily property is a rare find in a highly sought-after vacation destination. The building consists of five 1-bedroom, 1-bath units, one studio unit, and an on-site coin-operated laundry room—making it an ideal investment for short-term rentals, which are permitted by the city! The property, built with durable block construction, sustained flooding from Hurricane Helene but has been professionally remediated and is now ready for updates. The buildings feature new roofs installed last year, providing a strong foundation for future improvements and increased rental potential. With its prime location, this property offers strong income potential as a vacation rental or long-term investment, catering to beachgoers and seasonal visitors year-round. Best of all, the seller is also offering the 2-bedroom, 1-bath home across the street (MLS# TB8357777)—a perfect option for on-site management or additional rental income. The seller prefers to sell both properties as a package and is offering owner financing with competitive rates and a substantial down payment. Don’t miss this chance to own a turnkey investment property in a booming beachside market. Contact us today for more details or to schedule a private showing!

Additional Information

Taxes
$15820
Community Features
No Deed Restriction
Property Description
One Story
Utilities
Electricity Available, Sewer Nearby, Water Connected
Air Conditioning
Ductless
Exterior Construction
Block
Foundation
Slab
Pool
No Pool
Flood Zone Code
AE
Parcel ID
01-30-14-42030-025-0010
Legal Description
INDIAN BEACH RE-REVISED BLK 25, LOT 1

Listing courtesy of KELLER WILLIAMS GULF BEACHES. 727-367-3756

Selling Office: KELLER WILLIAMS GULF BEACHES.

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