1. Florida
  2. Treasure Island
  3. 12321 GULF BOULEVARD
$3,500,000

12321 GULF BOULEVARD, Treasure Island, FL 33706

  • 10 beds |
  • 10 baths |
  • 4,846 sqft
  • Property Icon Multi-Family Home
  • Property Year Built Icon Built in 1948
  • Property Lot Size Icon0.4acre lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $722/sqft
  • Property List Date Icon Listed 9 months ago

Property Description

Exciting Update: now a completely renovated hotel! Construction is nearing completion and brand-new stainless steel kitchen appliances will be installed to enhance the property’s value. Time is money - no waiting to renovate before renting, secure this income property now to cash in on the summer season! The Bungalows welcomes investors with an impressive 10 CAP RATE! This 10 unit plus office licensed hotel offers high income potential in its current use and intriguing value for future use of its four buildings and three parcels. A newly resurfaced pool and all new pool equipment await guests. Two of the four buildings lay adjacent to the pool, offering multiple rentals just steps to a relaxing dip or lounging on the pool deck. The Bungalows offers studios, one and two bedroom units to appeal to all types of vacationers. Every unit features a kitchenette making them feel like a home away from home. The charm and pride of ownership also extends to the multiple outdoor spaces frequently raved about in reviews. Relax under shade, unwind in an Adirondack chair or play corn hole in the Florida sun - there are many options for outdoor enjoyment here. Each unit has direct access to outdoor areas made to feel like a private oasis for guests. This boutique hotel offers new roofs, HVAC and water heaters presenting the buyer with a low maintenance, tropical sanctuary. New floors and cabinets are just another highlight. Prime Gulf Blvd location with direct access to a crosswalk makes staying here a breeze for guests. The property is a two minute walk to Pinellas County's #1 tourist destination John's Pass Village & Boardwalk featuring shopping, restaurants, jet ski rentals, sunset cruises, fishing charters and live music. Treasure Island beach is located steps away and beacons guests to relax and stay a while. A boat ramp is located steps from this property making kayaking a breeze. Kayak, jet ski and floating tiki hut rentals routinely make arrangements to pick up guests here.

Listing Status:
Active
Date Added:
November 18, 2024 at 06:00AM
Listing Office:
ENGEL & VOLKERS MADEIRA BEACH : 727-394-7365
Listing Agent:
Evan Pedone : 727-459-5543
MLS ID:
TB8322059
  • General: Kitchen/Family Room ComboSolid Wood CabinetsStone CountersThermostat
  • Laundry: Laundry Room
  • A/C: Central Air
  • Heating: CentralElectric

This listing courtesy of Evan Pedone, ENGEL & VOLKERS MADEIRA BEACH

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

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Location

Schools Nearby

M

Madeira Beach Fundamental K-8

591 Tom Stuart Cswy, Saint Petersburg, FL, 33708

Grades KG-8

2.16 miles away

M

Madeira Beach Fundamental K-8

591 Tom Stuart Cswy, Saint Petersburg, FL, 33708

Grades KG-8

2.16 miles away

S

St. Petersburg Collegiate High School

6605 5th Ave N, Saint Petersburg, FL, 33710

Grades 10-12

3.07 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.