Beautiful Sunset Beach in Treasure Island. Double lot on the water. Grosses approximately $58,000 a year (2 waterfront units are occupied by owner and could bring in another $50,000 a year). 8 units with three 2 bedrooms and five 1 bedrooms. Non-transient Apartments with the State of Florida (DBPR) "Division of Hotels and Restaurants" license. Property insurance $18K, property taxes $8k, Utilities $6K, Pest control $1k, Landscape $1k, and Maid service $1k. (note: taxes will change upon sale of property.) New boat slips will be going in soon. Four slips have been approved with almost all the permit requirements. Permits should be completed by summer 2019. With carports and the knotty pinewood walls, this property has been kept to the original look of the 1950's. The beautiful sandy beach is a few houses away and no bridges on the waterway between this property and the Gulf of Mexico. You can't get any better.
Listing courtesy of CHARLES RUTENBERG REALTY INC.
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