1214 BAY PINE BLVD

Property Description

7.4% CAP RATE - FULLY PERMITTED RENOVATIONS... Unit #2 is fully licensed and operating as a vacation rental, property mangament is in place. Unit 1 & 3 can also be set up at STR for increased income potential.

Welcome to 1214 Bay Pine Blvd, an exceptional investment opportunity in the scenic coastal town of Indian Rocks Beach, Florida. This fully updated triplex, with no deferred maintenance, offers a unique blend of comfort and profitability.

The property comprises two cozy studio apartments and a spacious 1100 sq ft main unit, each boasting new kitchens, appliances, flooring, and updated AC units. All units enjoy private patios, perfect for soaking up the Florida sunshine and the gentle sea breeze.

Just steps from the beach, this corner property provides easy access to the intercoastal and the sparkling Gulf of Mexico. The location also offers convenient access to a variety of local amenities, ensuring a lifestyle of comfort and convenience.

With its new exterior features including roof, landscaping, driveways, and lighting, and ample parking for 8-10 cars, this property is primed for generating rental income or serving as your dream beach getaway. With an oversized corner lot there is ample room to install a private pool.

The property also features zoning flexibility and no short-term rental minimum, making it a versatile investment. Don't miss out on this rare opportunity to capitalize on all that Indian Rocks Beach has to offer.

Overview

Property Status

Sold

Lot Size

6,782 Sq.Ft.

MLS ID

U8230633

Property Type

Multi-Family

Year Built

1947

Are you interested?

Schedule a Tour

Brittany Sanderson

(414) 690-6508 [email protected]

Features & Amenities

Neighborhood

Indian Rocks Beach

Water Source

Public

Utilites

BB/HS Internet Available, Cable Available, Cable Connected, Fiber Optics

Roof

Shingle

Lot Features

Corner Lot, Flood Insurance Required, Flood Zone, City Limits, Level, Near Public Transit, Paved

Parking

Boat, Guest, Off Street, On Street, RV Access/Parking

Heat Type

Central, Electric

Air Conditioning

Central Air, Mini-Split Unit(s)

Laundry Room

Appliances

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

Other Interior Features

Built-in Features, Ceiling Fans(s), Kitchen/Family Room Combo, Primary Bedroom Main Floor, Solid Surface Counters, Solid Wood Cabinets, Thermostat, Window Treatments

Sewer

Public Sewer

Substructure

Slab

Other Exterior Features

Awning(s), Courtyard, Dog Run, Fence, Garden, Lighting, Private Mailbox, Rain Gutters, Storage

Sales Price

$895,000

Real Estate Tax

$7,030/yr

Schedule a Tour

I would love to help you see this beautiful home! As a full-service agent, I can help you schedule a tour, submit an offer, and answer any questions about the buying process.

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Thank you

for your interest in 1214 BAY PINE BLVD, INDIAN ROCKS BEACH, FL 33785

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