2605 Bay Boulevard, Indian Rocks Beach, FL 33785

$2,099,000
6
BD
3
BA
2,464
SqFt

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Sold Price
$2,099,000
List Price
$2,099,000
Status
Sold
Days on Market
195
Closing Date
Oct 27, 2023
MLS#
U8191404
Property Style
Triplex
Year Built
1957
Bedrooms
6
Bathrooms
3
Living Area
2,464
Lot Size
7,815
Acres
0.18
Total Acreage
0 to less than 1/4
Building Name
Bay To Beach
Legal Subdivision Name
Indian Beach Re-Revised 12th Add
MLS Area Major
Indian Rocks Bch/Belleair Bch/Indian Shores

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.

Additional Information

Taxes
$15700
Minimum Lease
No Minimum
Annual Gross Income
240000
Location
Flood Insurance Required, FloodZone, City Limits, In County, Level, Near Marina, Near Public Transit, Paved
Community Features
Park, Playground, Boat Ramp, Tennis Courts, No Deed Restriction
Property Description
Two Story
Zoning
MULTIFAMIL
Interior Layout
Ceiling Fans(s), Kitchen/Family Room Combo, Stone Counters, Thermostat
Interior Features
Ceiling Fans(s), Kitchen/Family Room Combo, Stone Counters, Thermostat
Appliances
Dishwasher, Dryer, Electric Water Heater, Microwave, Range, Refrigerator, Washer
Utilities
Cable Connected, Electricity Connected, Public, Sewer Connected, Street Lights, Water Connected
Heating
Central, Electric
Air Conditioning
Central Air
Exterior Construction
Block, Concrete
Exterior Features
Awning(s), Balcony, Fence, Irrigation System, Lighting, Outdoor Shower, Rain Gutters, Storage
Roof
Membrane
Foundation
Slab
Pool
No Pool
Garage Carport
4 Car Carport
Garage Features
Driveway, Ground Level, On Street
Elementary School
Anona Elementary-Pn
Middle School
Seminole Middle-Pn
High School
Largo High-PN
Water Name
Intracoastal Waterway
Water Extras
Dock - Composite
Water View
Bay/Harbor - Full, Canal, Intracoastal Waterway
Water Access
Canal - Saltwater, Intracoastal Waterway
Water Frontage
Bay/Harbor, Canal - Saltwater, Intracoastal Waterway
Pets
Allowed
Flood Zone Code
A
Parcel ID
06-30-15-42246-000-0270
Legal Description
INDIAN BEACH RE-REVISED 12TH ADD LOT 27 & RIP RTS

Listing courtesy of DOUGLAS ELLIMAN. 727-698-5708

Selling Office: SOUTHERN ROOTS REALTY, LLC.

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