11295 Gulf Boulevard, Treasure Island, FL 33706

$1,300,000
3,760
SqFt
List Price
$1,300,000
Status
Active
Days on Market
12
MLS#
U8033296
Property Style
Multi-Family
Year Built
1949
Living Area
3,760
Lot Size
18,461
Acres
0.42
Total Acreage
1/4 Acre to 21779 Sq. Ft.
Building Name
Tarheelia Motel And Apartments
Complex/Comm Name
Tarheelia Motel &Apt
MLS Area Major
Pass a Grille Bch/St Pete Bch/Treasure Isl

Property Description

Earn income while going through the developmental process for this .4238 acre parcel directly on Gulf BL across from Treasure Island Beach. Income producing, 6 unit, Treasure Island property! One two story, 4 bedroom, 2 bath single family producing $1,395/month, PLUS 5 unit single story building producing $3,680/month. All units are currently occupied with annual leases with an option to renew. Property has 100 feet footage on Gulf Blvd and the canal with easy access to John's Pass and the Gulf of Mexico. According to the City of Treasure Island: Size – 0.4238 acres Zoning – RFM 30 Base Flood Elevation – AE 11 (New Flood Maps are currently being reviewed by FEMA. Anticipated adoption is within 24 months.) Required Freeboard - +2 feet Allowed Density – 30 Units per acre for Hotels/Motels/Condo-Hotels – 15 Units per acre for multi-family dwellings (Condo – Non-Tourist Dwelling) Actual Density - Hotels/Motels/Condo-Hotels 12 Units can be placed on this parcel - (for 0.4238 ac) Multi-family dwellings (Condo – Non-Tourist Dwelling) 6 Units can be placed on this parcel

Additional Information

Taxes
$12,375
Minimum Lease
No Minimum
Annual Gross Income
60900
Location
FloodZone
Community Features
No Deed Restriction
Utilities
Public
Heating
Wall Units / Window Unit
Air Conditioning
Wall/Window Unit(s)
Exterior Construction
Block
Exterior Features
Sidewalk
Roof
Shingle
Pool
No Pool
Garage Carport
5+ Car Carport
Garage Features
Assigned, Covered, Off Street
Water Extras
Seawall - Concrete
Water View
Canal
Water Access
Canal - Saltwater
Water Frontage
Canal - Saltwater
Flood Zone Code
AE
Parcel ID
23-31-15-00000-240-1500
Legal Description
PT GOVT LOT 2 LYING E OF 'LY 100FT TO POB AKA TR 3 GULF BLVD DESC AS FROM C/L OF GULF BLVD & S LN OF GOVT LOT 2 TH S43DE ALG C/L 15FT(S) TH N52DE TO E RD R/W FOR POB TH NE'LY AT R/A 187FT(S) TO SEAWALL TH NW'LY 100FT TH SW'LY 184FT(S) TO E RD R/W TH SE

Mortgage Calculator

Amount of Loan
Annual Interest Rate
%
Term of Loan
Years

Does not include any taxes or fees.
Please consult a financial professional.
Calculator source: Real Geeks

Listing courtesy of BHHS FLORIDA PROPERTIES GROUP.

MFR MLS is the source of this information via Internet Data Exchange Program. All listing information is deemed reliable but not guaranteed and should be independently verified through personal inspection by appropriate professionals. Listings displayed on this website may be subject to prior sale or removal from sale. Availability of any listing should always be independently verified. Listing information is provided for consumer personal, non-commercial use, solely to identify potential properties for potential purchase. All other use is strictly prohibited and may violate relevant federal and state law. Data last updated on