Wow, Treasure Island turn key vacation rental motel. Virtually every inch of this property has been polished with the beauty of it feeling like home. It is owner operated and they have renovated the rooms with fashion, design and style. Outside, the property is immaculate and gorgeous with the beach across the street. There is 10 motel/studio units with the owner's quarters and office. The license states 13 units which the owners quarters could be converted to rentals. With 13 parking spaces on 3 lots (less road) this is a 10,302 square foot property and the zoning requirements for new construction should be verified with the city. New construction could have a Gulf view. The property gross is approximately $305,000 a year and has room for increase with the popularity of Treasure Island beaches. The drive by traffic on Gulf Blvd. is financially key exposure. Insurance is approximately $11,500. Come and be part of the "island living" experience with an income property. (Buyers are responsible to verify information on this property and listing.)
Listing courtesy of CHARLES RUTENBERG REALTY INC.
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