$1,350,000
$1,450,000
6.9%For more information regarding the value of a property, please contact us for a free consultation.
3,264 SqFt
SOLD DATE : 01/03/2024
Key Details
Sold Price $1,350,000
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Sold
Purchase Type For Sale
Square Footage 3,264 sqft
Price per Sqft $413
Subdivision Isle Of Palms
MLS Listing ID T3465707
Sold Date 01/03/24
Construction Status No Contingency
HOA Y/N No
Originating Board Stellar MLS
Year Built 1963
Annual Tax Amount $15,824
Lot Size 4,791 Sqft
Acres 0.11
Property Description
Discount on Cash Offer. Not often does an opportunity come along like this one in the highly desirable Inter-coastal waterfront of Treasure Island...Minutes to the Gulf Beaches, Access by water to the inter-coastal with no bridges via John's Pass. Multi-family (4) plex investment property on the water with (4) deep water dockage including water/power. Ability to convert to Condominium, Single Home or Income Producing (Buyer to verify) (2) 2/1, (2) 1/1, 2 parking spaces per unit. Each unit has been extensively remodeled. 2 entrances, individual covered porch/lanai, washer/dryer on premises, 5 total meters (4 individuals to units and 1 common area). Just minutes from the beaches and on the inter-coastal waterways. The Seawall is in great shape. Building has been very well maintained. Current tenants are clean and respectful. The Building was tented in 2021. If you are interested as a first time investor, seasoned investor, or (1031) exchange, this might be the opportunity for you. Owner moving out of the area. Currently Homeowners: $12,059, Flood $7,663. (Possible Insurance transfer). Current rates for Units can be raised substantially. Sovereignty Submerged Land Lease has been paid for 2024 ($1300 approx.)
Location
State FL
County Pinellas
Community Isle Of Palms
Interior
Interior Features Ceiling Fans(s), Kitchen/Family Room Combo, Living Room/Dining Room Combo, Open Floorplan
Heating Central, Electric
Cooling Central Air
Flooring Tile
Fireplace false
Appliance Dishwasher, Range, Refrigerator
Laundry Other
Exterior
Exterior Feature Lighting, Sidewalk
Utilities Available Electricity Connected, Public, Sewer Connected, Water Connected
Waterfront true
Waterfront Description Canal - Saltwater,Intracoastal Waterway
View Y/N 1
Water Access 1
Water Access Desc Canal - Saltwater,Intracoastal Waterway
View Water
Roof Type Membrane
Porch Rear Porch, Screened
Garage false
Private Pool No
Building
Lot Description FloodZone
Entry Level Two
Foundation Slab
Lot Size Range 0 to less than 1/4
Sewer Public Sewer
Water Public
Structure Type Block,Concrete,Stucco
New Construction false
Construction Status No Contingency
Schools
Elementary Schools Azalea Elementary-Pn
Middle Schools Azalea Middle-Pn
High Schools Boca Ciega High-Pn
Others
Senior Community No
Ownership Fee Simple
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Special Listing Condition None
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Bought with WOLK PROPERTY GROUP, LLC
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