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$1,150,000
↑ $100K (9.5%)
●
House -
For Sale
1214 Bay Pine BOULEVARD
INDIAN ROCKS BEACH, FL 33785
Studio
3 Baths
1480 Sqft
$6,221
Estimated Monthly
$0
HOA / Fees
0.73%
Cap Rate
About This Property
Exciting investment opportunity! $73,000 Gross Annual Income.
Fully updated and renovated multi-family triplex, ZERO
deferred maintainance. Nestled in the picturesque coastal town of
Indian Rocks Beach, Florida. Offering a unique proposition for both
investors and homeowners seeking a prime location. Perfectly
positioned just steps away from the beach, access to the
intercoastal and the sparkling waters of the Gulf of Mexico, this
triplex comprises two charming studio apartments and a main unit
with 1100 sq ft featuring three bedrooms one bath private parking,
and screened recreation room and private patio. Residents and
tenants alike can bask in the glorious Florida sunshine and enjoy
the gentle sea breeze from their private patios, providing an ideal
space for unwinding after a long day. Moreover, this exceptional
triplex provides convenient access to a wide array of local
amenities, ensuring a lifestyle of comfort and convenience. With
its prime corner location, zoning flexibility, endless
possibilities, and strong potential for generating rental income,
or building your dream beach getaway, this triplex represents a
rare and exceptional investment prospect in one of Florida's most
desirable coastal communities. Don't miss out on the chance to make
this property your own and capitalize on all that Indian Rocks
Beach has to offer.
Property Features:
Exterior:
New roof (2023), New landscaping, new pavers, new driveways, new sprinkler system, new exterior paint, new PVC fencing, new patios on each unit, new exterior lighting, parking for 8-10 cars.
Interior:
All three units Fully Furnished / New Kitchens / appliances / counters and cabinets, new flooring, new doors, new keyless entry, Updated AC units (2021), Updated electric, 3 separate meters, updated plumbing, new interior lighting and fans, new interior paint and moldings.
Highlight:
No short term rental minimum
Room for RV storage or boat storage.
Unit 1 - Rented $3000 a month Lease starts May 1st 2024
Unit 2 - Rented $1500 a month leased started March 1st 2024
Unit 3 - For Rent - $1600 a month
$73K a year Current gross income.
Great 1031 exchange property.
Property Features:
Exterior:
New roof (2023), New landscaping, new pavers, new driveways, new sprinkler system, new exterior paint, new PVC fencing, new patios on each unit, new exterior lighting, parking for 8-10 cars.
Interior:
All three units Fully Furnished / New Kitchens / appliances / counters and cabinets, new flooring, new doors, new keyless entry, Updated AC units (2021), Updated electric, 3 separate meters, updated plumbing, new interior lighting and fans, new interior paint and moldings.
Highlight:
No short term rental minimum
Room for RV storage or boat storage.
Unit 1 - Rented $3000 a month Lease starts May 1st 2024
Unit 2 - Rented $1500 a month leased started March 1st 2024
Unit 3 - For Rent - $1600 a month
$73K a year Current gross income.
Great 1031 exchange property.
Unit Size
1,480Ft²
Days on Market
85 days
Land Size
0.16 acres
Price per sqft
$777
Property Type
House
Property Taxes
$574
HOA Dues
-
Year Built
1947
Listed By
Last updated: 21 days ago (Stellar MLS #U8230633)
Price History
Date / Event | Date | Event | Price |
---|---|---|---|
Mar 27, 2024 | Price Increased |
$1,150,000
↑ $100K
(9.5%)
|
|
Price Increased | |||
Mar 18, 2024 | Price Decreased |
$1,050,000
↓ $100K
(8.7%)
|
|
Price Decreased | |||
Mar 4, 2024 | Price Decreased |
$1,150,000
↓ $45K
(3.8%)
|
|
Price Decreased | |||
Feb 12, 2024 | Listed by DOUGLAS ELLIMAN | $1,195,000 | |
Listed by DOUGLAS ELLIMAN | |||
Nov 13, 2023 | Sold | $636,000 | |
Sold |
Show More
Property Highlights
Parking Available
Air Conditioning
Parking Details
Has Open Parking
Parking Features: Boat, Guest, Off Street, On Street, RV Parking
Interior Details
Interior Information
Interior Features: Built in Features, Ceiling Fans(s), Kitchen/Family Room Combo, Primary Bedroom Main Floor, Solid Surface Counters, Solid Wood Cabinets, Thermostat, Window Treatments
Appliances: Dishwasher, Dryer, Electric Water Heater, Microwave, Range, Refrigerator, Washer
Flooring Type: Vinyl
Laundry Features: Laundry Room
Exterior Details
Property Information
Square Footage: 1480
Square Footage Source: $0
Year Built: 1947
Building Information
Other Structures: Shed(s)
Window Features: Blinds, Window Treatments
Construction Materials: Block, Concrete, Stucco
Patio and Porch Features: Covered, Front Porch, Patio, Rear Porch
Lot Information
Lot Features: Corner Lot, Flood Insurance Required, FloodZone, City Lot, Level, Near Public Transit
Lot Size Area: 6782
Lot Size Units: Square Feet
Lot Size Acres: 0.16
Lot Size Square Feet: 6782
Tax Lot: 17
Land Information
Water Source: Public
Financial Details
Tax Annual Amount: $6,890
Utilities Details
Cooling Type: Central Air, Mini-Split Unit(s)
Heating Type: Central, Electric
Sewer : Public Sewer
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
Other
Loft
-
2,077 ft²
$575/ft²
$1,195,000
May 22, 2021
$1,195,000
Jun 25, 2021
$713/mo
Sold
Commercial
Loft
2
Baths
1,468 ft²
$869/ft²
$1,275,000
Nov 30, -0001
$1,150,000
May 22, 2014
$1,439/mo
Multifamily
4
Beds
2
Baths
1,248 ft²
$761/ft²
$950,000
May 5, 2023
$950,000
Oct 4, 2023
$789/mo
House
2
Beds
2
Baths
1,293 ft²
$789/ft²
$1,020,000
Oct 20, 2023
$1,020,000
Jan 4, 2024
$819/mo
Sold
House
4
Beds
3
Baths
1,648 ft²
$576/ft²
$950,000
Nov 8, 2023
$950,000
Dec 20, 2023
$977/mo
Condo
2
Beds
2
Baths
1,852 ft²
$699/ft²
$1,295,000
Sep 1, 2023
$1,295,000
Jan 2, 2024
$777/mo
Active
House
5
Beds
3
Baths
1,480 ft²
$777/ft²
$1,150,000
Mar 7, 2024
-
$574/mo
In Contract
House
3
Beds
2
Baths
1,555 ft²
$707/ft²
$1,099,000
Feb 1, 2024
-
$573/mo
In Contract
House
3
Beds
2
Baths
1,438 ft²
$800/ft²
$1,150,000
Oct 11, 2023
-
$1,075/mo
Past Sales
Date | Unit | Beds | Baths | Sqft | Price | Closed | Owner | Listed By |
---|
Building Info
1214 Bay Pine Boulevard
1214 Bay Pine Boulevard, Indian Rocks Beach, FL 33785
- 2 Units for Sale
About Indian Rocks Beach
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