Active

145 116TH AVE

TREASURE ISLAND FL, 33706

$5,250,000


$429.76 per sqft

Active

24 Beds

24 Baths

12,216 sqft

Multi-family

Built in 1987

Prime investment opportunity in Treasure Island. This highly sought-after location is consistently in high demand from tenants, ensuring minimal vacancies and a steady stream of rental income and high potential for future appreciation in property value. This is a Turnkey 15-unit multifamily building with a mix of unit types--6 one-bedroom, one-bath units, and 9 two-bedroom, two-bath units, plus Full Washer & Dryer in each Unit. The variety allows for diverse tenant profiles. Every unit has a balcony that overlooks the scenic intracoastal waterway, adding a premium aspect that could attract tenants willing to pay a bit more for the view and waterfront living experience, plus it is just minutes walk to the Gulf Beaches. Exterior Features include Private Waterfront Pool, Dock, Outdoor Bathroom, Outdoor Shower, Grill and Bike Rack; all great features for tenants, enhancing the quality of life and making the property more appealing to renters. This building has an Elevator and Under-Building Designated parking as well as plenty of Guest Parking. 13 out of the 15 units are currently leased, with the remaining 2 used occasionnally by the owners. This shows that the property is actively rented, which can be reassuring to potential investors, as there's already an established rental income stream.

TB8342761

MLS ID

February 13, 2025

Listed

February 14, 2025

Updated

Interior Features

Total Stories

1


Bedrooms

24


Total Bathrooms

24


Interior Features

Ceiling Fans(s), Living Room/Dining Room Combo


Appliances

Dishwasher, Dryer, Electric Water Heater, Range, Refrigerator, Washer


Laundry Description

Inside


Floor Description

Carpet, Tile


Fireplace

No


Cooling

Yes


Cooling Description

Central Air


Heating

Yes


Heating Description

Central

Exterior/Building Features

Lot Size

0.65 Acres


Exterior Features

Balcony, Irrigation System, Lighting, Outdoor Grill, Outdoor Shower, Private Mailbox, Sidewalk


Lot Features

Flood Zone, Landscaped


Roof

Shingle


Sewer

Public Sewer


Security

Fire Alarm, Smoke Detector(s)


Window

Blinds

Other Property Details

Area Name

33706 - Pass a Grille Bch/St Pete Bch/Treasure Isl


Taxes

$38,740


Tax Frequency

Annually


Days on Market

1


Association Fee Frequency

Monthly


Garage

No


Parking

Assigned, Covered, Guest, Under Building


View

Yes


View Description

Water


County

Pinellas


Municipality

31


Water Source

Public


Pets Allowed

Yes


Pool

Yes


Pool Features

Gunite, In Ground


Waterfront

Yes


Waterfront Features

Intracoastal Waterway


Utilities

Cable Connected, Electricity Connected, Sewer Connected, Water Connected

Listed by TOTAL REALTY SERVICES INC
Listing Contact: 727-393-2534 

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Data last updated 2/14/2025, 4:48 PM UTC

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