2211 Bay Blvd - Apartments FOR SALE


Indian Rocks Beach, FL 33785
$1,500,000 USD
727-251-0531
2211 Bay Blvd, Indian Rocks Beach, FL for Sale
$1,500,000 USD
Apartments - FOR SALE
1/71
null | Request Cap Rate

2211 Bay Blvd
Indian Rocks Beach, FL 33785


HIGHLIGHTS

  • Short Term Rentals Allowed
  • Deep Waterfront leading to the Gulf of Mexico
  • Short walk to the Beach access

OVERVIEW

SALE HELD AT THE PROPERTY ON SATURDAY FEBRUARY 8th AT 11:00 am. Preview from 10:00 am on sale day. Because this is an auction sale, the home may sell for less or more than the list price. This 4-plex income-generating property offers flexible rental opportunities, including SHORT-TERM rentals with city application. The previous owner used the property as an Air B&B. Located on picturesque Deep-Water Cove leading to the Intracoastal waterway is a dream come true for investors or those seeking the ultimate Florida lifestyle. Ideally located just blocks from the sugar-white sands of Indian Rocks Beach Each of the four identical units boasts a spacious 2-bedroom, 2-bathroom layout. Two units feature serene open-water views, while the other two enjoy charming street views. Inside, discover modern updates with new or brand-new appliances and fixtures, perfect for long-term, seasonal, or vacation rentals. Premier waterfront amenities set this property apart. A private dock includes two boat lifts and two jet ski lifts, with additional space for more watercraft. Boaters will appreciate the easy access to the Gulf of Mexico, while fishing enthusiasts can cast their lines right from the dock. The fully brick-paved patio provides an ideal outdoor dining and relaxation setting, with endless dolphin sightings adding to the charm. Other highlights include a shared laundry room for tenant convenience, ample parking, a dedicated carport space for each unit, and extra guest parking. This property is close to city parks featuring tennis and basketball courts, playgrounds, and recreational amenities. With no rental minimums and Close access to local dining, entertainment, trolley, and the Beach the property offers endless potential as a turnkey investment. The bottom 2 units were damaged during the last storm. Electrical, Plumbing, Bathrooms, and More are complete. Need drywall, lower cabinets, etc. Great Opportunity for a High-Income Property. ........BUYER will receive a general warranty deed free and clear of all debts, guaranteed with a title insurance policy at closing...

FOR SALE DETAILS

PRICE

$1,500,000 USD

PRICE/SF

$283 USD /SF

# OF UNITS

4

PRICE/UNIT

$375,000

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Waterfront 4-Plex Allows Short-Term Rentals

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1970

PARKING SPACES

-

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

-

APN/PARCEL ID

06-30-15-42264-000-0150

ASK ABOUT THIS PROPERTY

Michael PetersAmerican Heritage AuctioneersMore Info
727-251-0531

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Michael PetersAmerican Heritage AuctioneersMore Info
727-251-0531

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.