$1,085,000
$1,095,000
0.9%For more information regarding the value of a property, please contact us for a free consultation.
3,672 SqFt
SOLD DATE : 08/31/2021
Key Details
Sold Price $1,085,000
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 3,672 sqft
Price per Sqft $295
Subdivision Coney Island
MLS Listing ID U8129840
Sold Date 08/31/21
Construction Status Inspections
HOA Y/N No
Year Built 1954
Annual Tax Amount $10,494
Lot Size 8,712 Sqft
Acres 0.2
Lot Dimensions 80x92
Property Description
Check the attachments for financial information on this 8 unit multi family / hotel on the beach side of Gulf Blvd in Treasure Island. This hotel is rented on a weekly basis to long term tenants with no leases except for unit #5 which has a 36 month lease. The roof was replaced in the last 5 years and all of the suites were renovated. The unit mix is 3 Studios, 4 one bedroom and 1 two bedroom suites. There is a 9th unfinished small studio currently being used for storage but could be renovated into another small rental unit. Currently the property is self managed and self insured by the owners.
The Offering Memorandum is in the attachments. Click on the link in the Offering Memorandum for the full financials.
Location
State FL
County Pinellas
Community Coney Island
Interior
Interior Features Ceiling Fans(s)
Heating Central
Cooling Other
Fireplace false
Exterior
Exterior Feature Lighting
Parking Features Common
Utilities Available Cable Available, Cable Connected, Electricity Connected, Public, Sewer Connected, Street Lights
Water Access 1
Water Access Desc Beach - Public
Roof Type Membrane
Porch Patio
Garage false
Private Pool No
Building
Foundation Slab
Lot Size Range 0 to less than 1/4
Sewer Public Sewer
Water Public
Structure Type Block
New Construction false
Construction Status Inspections
Others
Senior Community No
Ownership Fee Simple
Acceptable Financing Cash
Listing Terms Cash
Special Listing Condition None
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Bought with RE/MAX ACTION FIRST OF FLORIDA
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