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
1/30
null | 10.22% Cap Rate

9921 Gulf Blvd
Treasure Island, FL 33706


HIGHLIGHTS

  • Grandfathered Zoning for Overnight Accommodations, No Lease Restrictions
  • "Down to the studs", Meticulously Renovated & Designed to Maximize Revenue Potential
  • All Custom Luxury Furnishings Included with Sale
  • Block Construction, New TPO Membrane Roof, HVAC, PVC Plumbing, Impact Windows, Soundproofing, etc.
  • Incredible 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*** ZERO EFFECTS FROM BOTH RECENT HURRICANES, PROPERTY IS ACTIVE AND RAPIDLY BOOKING RESERVATIONS! 98% OCCUPANCY FOR NOVEMBER 2024 (1ST MONTH OPERATING AS STR)! SEE DOCUMENTS ATTACHED FOR LINKS TO STR LISTINGS CA REQUIRED Exquisite Gulf Coast Retreat with Stunning Rooftop Views. Welcome to a meticulously renovated gem nestled in the heart of Florida's thriving Gulf Coast community! This extraordinary property has been transformed to maximize revenue potential and guest satisfaction, offering a seamless turn-key investment opportunity. Projected annual occupancy for this sparkling new residence is expected to near 80% (pro-forma is conservatively estimated @ 70%) with no rental restrictions, optimizing income potential benefits from a rare, grandfathered zoning for overnight accommodations, maximizing income potential and returning guest occupancy. Projections have been carefully & conservatively estimated in partnership with Management Co., available upon request. PROFORMA AVAILABLE ON REQUEST. This property is poised to deliver exceptional returns Day 1 with minimal upkeep expenses, making it an ideal investment opportunity in a highly sought-after location. Step inside to discover bespoke layouts and furnishings, highlighted by a captivating spiral staircase leading to a 400 sq ft. rooftop deck with breathtaking 360-degree views of the surrounding area. Major nearby development projects & tourist attractions strengthen the potential for both short and long-term appreciation; chiefly the recently approved $6.5 billion Downtown St. Pete project (the largest in Tampa Bay's history) which includes 8 million sq. ft. of mixed-use space and $1.3 billion Tampa Bay Rays stadium as its centerpiece. No detail has been spared in the revitalization of this property, featuring brand-new HVAC systems, a TPO membrane roof, PVC plumbing, hurricane impact windows, sound-dampening drywall and flooring, upgraded electrical systems, refreshed exterior stucco/paint, and meticulously manicured landscaping with irrigation. Constructed with solid block materials resistant to humidity, water, and salt air, this property ensures low-maintenance durability. Boasting four exquisite 582 sq. ft., 1-bedroom / 1-bathroom units, each accommodating up to 4 guests comfortably, with interconnected doorways for added flexibility. Conveniently located across from public beach access, enhanced with newly installed city crosswalks for safety and convenience. The sale includes all luxury fixtures, furnishings, and guest amenities showcased in the photos, ensuring a smooth transition for the new owner. Enjoy easy access to major highways, making vibrant cities like Tampa, Sarasota, and Orlando just a 90-minute drive away. Explore St. Petersburg’s vibrant downtown area, only 15 minutes from your doorstep, offering exceptional shopping, dining, and entertainment options. Indulge in St. Pete Beach's world-renowned soft, silky sand beaches just moments away. Don't miss out—schedule your private tour today!

FOR SALE DETAILS

PRICE

$2,799,000 USD

PRICE/SF

$1,008 USD /SF

# OF UNITS

4

PRICE/UNIT

$699,750

CAP RATE

10.22%

% 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.