$1,300,000

About This Property

Turnkey, waterfront multi-family (5-unit) property in the desirable Isle of Palms neighborhood of Treasure Island. One of the widest canals on all the beaches with great, open water views! The property offers 5 clean apartments with tile flooring throughout. Enjoy an easy walk to the local beaches and the neighborhood park. Building offers a 2-bed/1-bath unit with spectacular views, two (2) 1-bed/1-bath units, and two (2) efficiencies (both will remain vacant until property sells). The building could easily be converted to consist of three (3) 2-bed units if desired. Additionally, the property offers a boat/fishing dock (2005), on-site laundry, adequate parking and newer seawall cap (2005). Roof redone in 2017 and most windows/doors are now hurricane impact. All units are individually metered for electric. All existing tenants are month to month. Great value-add property with below market rental rates in place and strategic cosmetic updating. Great investment property or occupy a unit for yourself and let the tenants pay your mortgage. Cash flow and land bank scarce waterfront asset in booming area of Florida = win/win!

infoProperty Details

Property Type

Residential Income

Year Built

1957

Living Area

2,669 sqft

Lot Size

0.15 acres

Bathrooms

0

Ownership

Fee Simple

Days on Market

0

List Date

Mar 31, 2022

chairInterior Features

yardExterior & Lot

Listed By

BARKETT REALTY

727-388-9500

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