Price Reduced 9.52%
Price History
$5,250,000
2/13/2025
$4,750,000
3/7/2025
145 116TH AVENUE, Treasure Island, FL, 33706
24 beds
1987
12,216 sqft
Under contract-accepting backup offers. 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.
Status:
Pending
Type:
Multi-family
Furnished Remarks:
Unfurnished
Laundry Remarks:
Inside
Units:
15
Subdivision:
CITY OF TREASURE ISLAND
Garage:
Assigned, Covered, Guest, Under Building
Heating:
Central
Cooling:
Central Air
Acreage:
0.65
Est. Taxes:
$38,740
Construction
Block, Concrete
Utilities
Cable Connected, Electricity Connected, Sewer Connected, Water Connected
Lot Description:
FloodZone, Landscaped
View Description:
Water
Days on Market:
36
Pet Policy:
Yes
Appliances:
Dishwasher, Dryer, Electric Water Heater, Range, Refrigerator, Washer
Pool:
Gunite, In Ground
Lease Term Type:
12 Months
MLS #:
TB8342761
Community Info
School Info
Walk Score
Yelp
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Listing courtesy of TOTAL REALTY SERVICES INC Phone: 727-393-2534