8251 Bayshore Drive, Treasure Island, FL 33706

$1,995,000
4,704
SqFt
List Price
$1,995,000
Status
Active
Days on Market
302
MLS#
U8011934
Property Style
Multi-Family
Year Built
1955
Living Area
4,704
Lot Size
12,698
Acres
0.29
Total Acreage
Up to 10,889 Sq. Ft.
MLS Area Major
Pass a Grille Bch/St Pete Bch/Treasure Isl

Property Description

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.

Additional Information

Taxes Annual
$8127
Community Features
No Deed Restriction
Air Conditioning
Central Air, Wall/Window Unit(s)
Exterior Construction
Block
Pool
No Pool
Water Extras
Dock - Wood
Water View
Intracoastal Waterway
Water Access
Intracoastal Waterway
Water Frontage
Intracoastal Waterway
Flood Zone Code
AE
Parcel ID
36-31-15-87426-003-0020
Legal Description
SUNSET BEACH UNIT 3 BLK 3, LOTS 2 AND 3

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Listing courtesy of CHARLES RUTENBERG REALTY INC.

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