9921 Gulf Blvd - Apartments FOR SALE


Treasure Island, FL 33706
$2,799,000 USD
757-581-5283
9921 Gulf Blvd, Treasure Island, FL for Sale
$2,799,000 USD
Apartments - FOR SALE
1/29
null | 6.65% Cap Rate

9921 Gulf Blvd
Treasure Island, FL 33706


HIGHLIGHTS

  • Grandfathered Zoning for Overnight Accommodations, No Lease Restrictions
  • Meticulously Renovated & Designed to Maximize Revenue Potential
  • All Appliances & Custom Furnishings Included with Sale
  • Block Construction, New TPO Membrane Roof, HVAC, PVC Plumbing, Impact Windows ensure minimal upkeep expense
  • Incredibly Rare Rooftop Deck with 360 views of Gulf and Intracoastal Waterways
  • Virtually new construction, building materials, appliances, furnishings, etc. all perfectly in-tact and withstood both recent Hurricanes

OVERVIEW

***PRICE IMPROVEMENT*** 96% TOTAL OCCUPANCY IN 1ST 5 MONTHS OPERATING AS STR (NOV. 2024 - MAR. 2025, SEE PROFORMA FOR DETAILS HIGH AND DRY, ZERO EFFECTS FROM RECENT HURRICANES Expertly Renovated Gulf Coast Vacation Rental with Stunning Rooftop Views This extraordinary property has been completely transformed to maximize revenue potential and guest experience, offering a seamless turn-key investment opportunity. Rare, grandfathered zoning permits overnight accommodation, supreme beach access, and virtually no category competition. Proforma is conservatively estimated at 70%. Poised to deliver remarkable returns with minimal upkeep expenses, making it an exceptional investment opportunity in a highly sought-after location. Constructed with solid block materials resistant to humidity, water, and salt air, this property ensures low-maintenance & lasting durability. Brand-new HVAC systems, TPO membrane roof, PVC plumbing, hurricane impact windows, new electrical, just to name a few. Sale includes all appliances and custom furnishings. Priced to sell. Don't miss out on this incredible long-term asset opportunity!

FOR SALE DETAILS

PRICE

$2,799,000 USD

PRICE/SF

$1,008 USD /SF

# OF UNITS

4

PRICE/UNIT

$699,750

CAP RATE

6.65%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Diamond STR Asset in Treasure Island, FL

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1970

PARKING SPACES

8

LAND DETAILS

LAND ACRES

0.11 AC

LAND SF

4,792 SF

ZONING

RFM-30

APN/PARCEL ID

26-31-15-09630-000-0200

ASK ABOUT THIS PROPERTY

Andrew BeltzThe Rand Wilson GroupMore Info
757-581-5283

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Andrew BeltzThe Rand Wilson GroupMore Info
757-581-5283

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