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