This Property is no longer advertised on Showcase.com.
Off Market
1/91

11921 Sunshine Ln
Treasure Island, FL 33706


HIGHLIGHTS

  • 3 Contiguous Properties located on beach;
  • Resort Facilities High zoning area; Zoned for Short Term Rentals
  • Possible to increase from 8 to 11 units using current structures; Possible to increase parking from 13 to 20 spaces
  • 2 minutes to John's Pass, Pinellas County's #1 Tourist Attraction
  • Currently 5 one-bedroom units, 3 two-bedroom units
  • Most units have been renovated; All units with kitchens; Fireplaces throughout

OVERVIEW

Viewpoint Realty International is pleased to present this opportunity to purchase 3 contiguous properties located directly on a beach access path in a Resort Facilities High zoning area of Treasure Island. While currently generating short term rental income, this offer comes with multiple opportunities. .. 1. The property is ideal for an Owner who would like to live at the beach and rent out the remaining units for income. May be possible to increase the number of units from 8 to 11 using the current structures. The property is located in Resort zoning area of the beach to allow for short term rentals, including a minimum of one night stay. 2. Redevelop to a new condo/hotel building and earn income from rentals while in planning stages. Resort Facilities High zoning area of the beach to allow for development of a new condo / hotel. Direct Gulf views begin on 3rd floor. Currently 3 units are occupied by the owner and family, 4 units are in a vacation rental program, and one single family home is undergoing renovations. OM & Financials available upon request.

FOR SALE DETAILS

PRICE

-

# OF UNITS

-

CAP RATE

-

% LEASED

-

BUILDING DETAILS

PROPERTY NAME

Treasure Island Beach Estate

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

5000

STORIES

2

YEAR BUILT

1940

PARKING SPACES

15

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

-

APN/PARCEL ID

15-31-15-17784-018-0060