6.6% CAP RATE - FULLY PERMITTED RENOVATIONS... STR potential can exceed current income.
Welcome to 1214 Bay Pine Blvd, an exceptional investment opportunity in the scenic coastal town of Indian Rocks Beach, Florida. This fully updated triplex, with no deferred maintenance, offers a unique blend of comfort and profitability.
The property comprises two cozy studio apartments and a spacious 1100 sq ft main unit, each boasting new kitchens, appliances, flooring, and updated AC units. All units enjoy private patios, perfect for soaking up the Florida sunshine and the gentle sea breeze.
Just steps from the beach, this corner property provides easy access to the intercoastal and the sparkling Gulf of Mexico. The location also offers convenient access to a variety of local amenities, ensuring a lifestyle of comfort and convenience.
With its new exterior features including roof, landscaping, driveways, and lighting, and ample parking for 8-10 cars, this property is primed for generating rental income or serving as your dream beach getaway. With an oversized corner lot there is ample room to install a private pool.
The property also features zoning flexibility and no short-term rental minimum, making it a versatile investment. Don't miss out on this rare opportunity to capitalize on all that Indian Rocks Beach has to offer.
lease term
12 months1,480 Sq Ft
6,782 Sq Ft Lot Size
Investment
$7,030 Annual Tax
Built in 1947
MLS/Listing ID U8230633
3 Units
Rain Gutters
Storage
Cooling - Central Air
Cooling - Multi-split AC
Construction - Block
Construction - Concrete
Construction - Stucco
Window Treatments
Shingle
Parking - RV Parking
Lot - Flood Zone Lot
Lot - Flood Insurance Required
Thermostat
Solid Wood Cabinets
Ceiling Fans
Irrigation System
Fenced
Community - Golf Carts OK
Blinds
Covered
Front Porch
Patio
Rear Porch
Parking - Boat
Parking - Guest
Parking - Off Street
Parking - On Street
Lighting
Garden
Dog Run
Courtyard
Awnings
Vinyl
Slab
Furnished
Heating - Electric
Solid Surface Counters
Kitchen Family Room Combo
Built-in Features
Laundry Room
Lot - Near Public Transit
Lot - Level
Lot - Corner Lot
Lot - City Lot
Washer
Refrigerator
Range
Microwave
Electric Water Heater
Dryer
Dishwasher
Community - Tennis Courts
Community - Restaurant
Community - Playground
Community - Park

TOTAL MONTHLY COST
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