8301 W Gulf Boulevard, Treasure Island, FL 33706
- $1,375,000
- 4
- BD
- 4
- BA
- 2,871
- SqFt
- List Price
- $1,375,000
- Status
- Active
- Days on Market
- 192
- Price Change
- ▼ $50,000 1782771448
- MLS#
- TB8464657
- Property Style
- Quadruplex
- Year Built
- 1947
- Bedrooms
- 4
- Bathrooms
- 4
- Living Area
- 2,871
- Lot Size
- 5,502
- Acres
- 0.13
- Total Acreage
- 0 to less than 1/4
- Legal Subdivision Name
- Sunset Beach
- MLS Area Major
- Pass a Grille Bch/St Pete Bch/Treasure Isl
Property Description
This Solid block building directly across from the sugary sands of Sunset Beach, is a rare opportunity to own a four-unit property in the heart of the highly sought-after Sunset Beach neighborhood. Located directly across the street from Sunset Beach access, the property offers a location that consistently appeals to both long-term tenants and short-term renters. Sunset Beach is known for its quiet, walkable streets, limited inventory, and authentic coastal charm, making it one of the most desirable and tightly held areas along the Gulf Beaches.The property consists of four one-bedroom, one-bath units, all currently occupied by annual tenants and operated as unfurnished long-term rentals. Each unit is separately metered for electric, and the building includes shared laundry facilities, upstairs and downstairs patios, ample parking, and additional storage. As currently operated, the property provides steady income with an estimated cap rate of approximately 5%. For a buyer looking ahead, there is clear upside potential. Given its beachside location and layout, the highest and best use of the property is as a short-term or seasonal rental operation(1 month minimum 5 times per year), where projected returns could increase to approximately 7–9%(PRO FORMA AVAILABLE). This flexibility allows a new owner to enjoy reliable income today while maintaining the option to reposition the property in the future and take full advantage of its exceptional Sunset Beach location. Brand new coin operated landry offsets most of the common power and water for the building *Bottom 2 units were flooded during Hurricane Helene and were remediated with permits. All zoning nd other material facts should be verified by the buyer an or their agent. DO NOT DISTURB TENANTS
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Additional Information
- Taxes
- $13587
- Minimum Lease
- 1 Month
- Annual Gross Income
- 86000
- Location
- City Limits, Landscaped, Near Public Transit, Paved
- Community Features
- Park, Playground, No Deed Restriction
- Zoning
- M
- Interior Layout
- Built-in Features, Ceiling Fans(s), Walk-In Closet(s)
- Interior Features
- Built-in Features, Ceiling Fans(s), Walk-In Closet(s)
- Floor
- Ceramic Tile, Luxury Vinyl, Wood
- Appliances
- Convection Oven, Dishwasher, Dryer, Microwave, Refrigerator, Washer
- Utilities
- BB/HS Internet Available, Electricity Connected
- Heating
- Electric, Heat Pump
- Air Conditioning
- Central Air
- Fireplace
- Yes
- Fireplace Description
- Decorative
- Exterior Construction
- Block
- Exterior Features
- Awning(s), French Doors, Lighting, Rain Gutters, Storage
- Roof
- Shingle
- Foundation
- Slab
- Pool
- No Pool
- Garage Features
- Guest, Open
- Water Access
- Beach
- Pets
- Allowed
- Flood Zone Code
- VE
- Parcel ID
- 36-31-15-87390-003-0031
- Legal Description
- SUNSET BEACH UNIT 1 BLK 3, PT OF LOTS 3 & 4 DESC BEG MOST S'LY COR OF LOT 4 TH N26DW 100FT TH N64DE
Listing courtesy of GULFSIDE REALTY SALES. 727-272-1618
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