2404 1st Street, Indian Rocks Beach, FL 33785

$1,350,000
2,389
SqFt

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Sold Price
$1,350,000
List Price
$1,995,000
Status
Sold
Days on Market
14
Closing Date
Dec 11, 2023
MLS#
U8213273
Property Style
Quadruplex
Year Built
1947
Living Area
2,389
Lot Size
8,120
Acres
0.16
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

MLS U8220097 WAS ORIGINALLY INCLUDED IN THIS SALE BUT WAS LISTED SEPARATELY PER LENDER REQUEST. Finally, here’s a TOTALLY renovated turnkey investment property in Indian Rocks Beach. Three completely remodeled charming "Old Florida style" cottages are available only one block from beach access to the Gulf of Mexico. No rental minimum and no HOA. Current owners completely renovated the cottages in 2019 and 2021 in addition to building a new gas heated pool with spa and Tiki bar in the center courtyard. One of the cottages is a single 1bedroom 1 bath and the remaining cottage is a duplex, each unit having 1 bedroom and 1 bath in addition to a bonus room that is currently designed as a sitting room with a pull- out sofa giving the ability to sleep 4 people. All units are beautifully decorated and furnished with coastal theme and contain fully stocked kitchens in addition to a washer/dryer located inside each unit. Kitchen appliances include refrigerator, oven (gas in all units), dishwasher and microwave. Each unit has water heaters and AC/heating units installed at the time renovations were completed. All are block construction. Each unit has an outdoor shed to store beach gear. One of the two outdoor grills has gas line hookup. Two exterior security cameras have also been installed providing views of the pool and off-street parking area which can accommodate up to five cars. Additional income potential for this property is great given the current owners rent weekly, and shorter term rentals are allowed. Its location is within walking distance to several restaurants and the beach, in addition to the character of the property which provides a unique experience for guests that could be further enhanced by utilizing the side and back courtyards surrounding the cottages to include additional seating areas, fire pit, outdoor games etc. Peak season months are fully booked with repeat snow bird travelers. This is a unique property that stands out from the rest in beautiful Indian Rocks Beach, a 10-minute drive south of Clearwater Beach which was voted #5 best beaches in the country in 2023 by USA News.

Additional Information

Taxes
$8947
Minimum Lease
No Minimum
Annual Gross Income
216000
Community Features
No Deed Restriction
Property Description
One Story
Interior Layout
Ceiling Fans(s), Eat-in Kitchen, Kitchen/Family Room Combo, Thermostat, Window Treatments
Interior Features
Ceiling Fans(s), Eat-in Kitchen, Kitchen/Family Room Combo, Thermostat, Window Treatments
Appliances
Dishwasher, Disposal, Dryer, Microwave, Range, Refrigerator, Washer
Utilities
Cable Connected, Electricity Connected, Propane, Public, Sewer Connected, Water Connected
Heating
Central, Propane
Air Conditioning
Central Air, Mini-Split Unit(s)
Exterior Construction
Block, Stucco
Exterior Features
Courtyard, Fence, Lighting, Outdoor Grill
Roof
Shingle
Foundation
Slab
Pool
Private
Pool Type
Gunite, Heated, In Ground
Flood Zone Code
AE
Parcel ID
01-30-14-42030-040-0070
Legal Description
INDIAN BEACH RE-REVISED BLK 40, LOT 7 LESS E'LY 40 FT OF S'LY 33FT TOGETHER WITH N'LY 5FT OF W'LY 80FT OF LOT 6 & S'LY 5FT OF LOT 8 (MAP NE-01-30-14)

Listing courtesy of LUXURY & BEACH REALTY INC. 727-800-5906

Selling Office: NORTHSTAR REALTY.

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