Waterfront Apartment Complex Treasure Island

Multi-Family for Sale
Catylist Listing ID: 30774115
Property Subtypes: Low-Rise/Garden
Number of Units: 8 Units
Building Size (RSF): 4,704 SF
Gross Building Area: 7,340 SF
Gross Land Area: 13,000 SF
Sale Price: $3,500,000
Unit Price: $437,500 Per Unit
Property Use Type: Investment, Business
Building Name: Lenehan Landing's
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 5/8/2022

Overview / Comments

Do not go on the property without an appointment nor talk to tenants. Beautiful Sunset Beach in Treasure Island Florida. This waterfront property has a lot size of 100 x 130, 8 unit apartment complex with three 2 bedrooms and five 1 bedrooms, dock completed in 2021 with 4 slips, remodeled exterior, exterior cameras, carports, laundry rooms, and the Gulf of Mexico is a few houses away. This is a dynamic property and it is hard to find one this unique. Exterior has newer- turf, gutters, paint, landscaping, stained sidewalks, bamboo wrapped poles, signage, lamps, lighting, outside shower with surfboard and slate/shell on the ground, and much more. Gross estimated annual income $182,400.


Finance Data Year 2022
Potential Rental Income $182,400 (Annual)

Additional Details

Nearest MSA: Tampa-St. Petersburg-Clearwater
County: Pinellas
Tax ID/APN: 15 31 36 87426 003 0020
Zoning: RM-15
Property Located Between: Gulf Blvd to West Gulf to Bayshore Drive
Total Number of Buildings: 2
Number of Stories: 1
Year Built: 1955
Roof Type: Flat
Construction/Siding: Block
Parking Type: Other
Parking Description: Carports with roof attached to buildings.
Total Parking Spaces: 11
Zoning Description: RM-15
In Flood Plain?: Yes
Lot Frontage: 100
Lot Depth: 130
Water Service: Municipal
Sewer Type: Municipal
Legal Description: SUNSET BEACH UNIT 3 BLK 3, LOTS 2 AND 3

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 5,693 49,869 149,076
Median Age: 60.45 53.32 47.63
Households: 3,435 25,771 69,245


Photograph of Listing Agent

Mel Lenehan PA

Charles Rutenberg Realty
CE-FL Member
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