See Home Value
$1,784,042*
Multifamily - Off Market

1011 GULF BOULEVARD

INDIAN ROCKS BEACH, FL 33785
bedrooms
Studio
bathrooms
0 Bath
square feet
2419 Sqft
$1,350,000 - $1,648,000
Reference Base Price*
18.94%
Since Jun 1, 2021
National-US
Primary Model

About This Property

Indian Rocks Beach Fl. Nicely  updated  Key West style 6 unit  apartment building on Gulf Blvd. Beach access right across the street.  The ' Sun and Sand ' Building consists of Two Studios Apts ( #1 #2)  plus Three - One Bedroom Apts ( # 3, #4, #5)  and One Larger Owners Unit (#6 ) which is a larger one Bedroom with an additional Room / Office.. All Units rented including #6.  Just completed Updating which consisted of Roof, Electrical Panel, One Meter with all new Elec panels in each unit. New A/C Wall Units, Laundry Room, Outdoor Lighting, All New Patio Pavers, Sod, Fencing, Sprinkler System, Ext Painting & Security Cameras..  Large corner property (over 114 ft. on Gulf Blvd.)  Commercial Zoning allows hotel/motel, retail, office use or condo conversion if desired. No realtor sign (look for Sun & Sand sign). Note: Owners Unit #6 updated & Furnished.  Please do not disturb Tenants or walk the property.  Ample On-Site Parking . We can answer any questions. Come to Florida and enjoy life again. Call for Survey. More photos coming.. Apts are rented on a monthly basis.. $88,000 GYI with $25,000 Expenses. Owner pays all expenses ..  NOTE: Weekly rentals would greatly enhance Income. Nice opportunity here for a 1031 Exchange.. Owner Financing ??  Want to semi - retire .. Purchase this Property. $1.45.. Install a Pool $65,000 - Live in Apt 6 and rent out the 5 other Units on a nightly basis.. Income would be 5 rooms x $155 a Night x 70% occupancy which is 255 days out of the year..  Calculation 5 X $155 X 255 = $197,625 Yearly Gross Income.. Not a bad Life... Rent all 6 Units  YGI = 6 X 155 X 255= $237,150.00.. Cash in that stock.. Have a nice 10 year run . Double your initial Investment & move on.. Get out of the City and move to Florida.. Call for details .. Have a Family member participate.. Location, Location, Location.

The manager has listed the unit size as 2419 square feet.
Unit Size
2,419Ft²
Days on Market
-
Land Size
0.18 acres
Price per sqft
$620
Property Type
Multifamily
Property Taxes
$784
HOA Dues
-
Year Built
1959

Price History

Date / Event Date Event Price
Jan 10, 2022 Sold $1,495,000
Sold
May 9, 2021 No longer available -
No longer available
Feb 1, 2021 Price Increased $1,499,900
↑ $201K (15.5%)
Price Increased
Oct 8, 2020 Price Increased $1,299,000
↑ $49K (3.9%)
Price Increased
Aug 23, 2020 Listed $1,250,000
Listed

Property Highlights

Air Conditioning
Parking Available


Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

Past Sales

Date Unit Beds Baths Sqft Price Closed Owner Listed By
20210927
09/27/2021
Studio
-
2419 ft²
$1,595,000
bedrooms
Studio
bathrooms
-
square feet
2419 ft²
-
-
-
Mike Daquino
DOUGLAS ELLIMAN
20200823
08/23/2020
Studio
-
2419 ft²
$1,250,000
bedrooms
Studio
bathrooms
-
square feet
2419 ft²
-
-
-
Roger Hogan
Coldwell Banker Sun Vista
20181127
11/27/2018
Studio
-
2419 ft²
$449,000
bedrooms
Studio
bathrooms
-
square feet
2419 ft²
-
-
-
Phillip Pendley, Jr
THE SEASIDE REAL ESTATE STORE

Building Info

1011 Gulf Boulevard 1011 Gulf Boulevard, Indian Rocks Beach, FL 33785
More about this Building
1011 Gulf Boulevard
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About Indian Rocks Beach


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