2308 Bay Blvd - Apartments FOR SALE


Indian Rocks Beach, FL 33785
$2,095,000 USD
631-858-2460
2308 Bay Blvd, Indian Rocks Beach, FL for Sale
$2,095,000 USD
Apartments - FOR SALE
1/46
null | Request Cap Rate

2308 Bay Blvd
Indian Rocks Beach, FL 33785


HIGHLIGHTS

  • All new electric all new plumbing new flooring new kitchen cabinets and appliances all new bathroom vanities and fixtures
  • 20 parking spaces
  • Each unit has individual patios with room for a water feature/hot tub.
  • Sale includes a transferable hotel motel license Indian rocks Beach is zoned for short term vacation rental.
  • New roof in 2024 with hurricane straps. All windows are hurricane impact windows with a lifetime warranty.
  • ALL CALLS AND INQURIES TO Mike Daquino Sales Associate Douglas Elliman mike.daquino@elliman.com Cell 631.872.3855

OVERVIEW

ALL INQUIRIES TO: Mike Daquino, Sales Associate Douglas Elliman | mike.daquino@elliman.com | Cell 631.872.3855 Welcome to 2308 Bay Boulevard, your gateway to a life of beachside bliss in Indian rocks Beach, FL. This multi-family apartment building, with its ten bedrooms and five bathrooms, is a veritable treasure trove of opportunities. And, with all units fully renovated and updated, you'll find a unique combination of modern comfort and timeless charm. Each of the five units boasts two bedrooms, one bathroom, and a private outdoor patio space. The renovations are not only comprehensive but also fully permitted, ensuring peace of mind. Updates include new sheetrock, electrical, plumbing, flooring, kitchen cabinets, countertops, and appliances. The new paint and moldings add a fresh, contemporary touch, while the new roof (2024) with hurricane straps and high-impact hurricane windows ensure the property is ready to withstand the elements. Parking will never be a problem with space for 20 cars. For the entrepreneurs among you, the property comes with a hotel-motel license and is zoned for short-term rental and vacation rental. Each unit has its own electric and water meter, making utility management a breeze. Solid block construction ensures durability, and individual laundry rooms and storage closets in each unit add to the convenience. The location? It couldn't be better. A short walk takes you to public beach access, where you can soak up the sun and surf to your heart's content. Multiple restaurants within walking distance mean you'll never run out of new culinary experiences to try. So, what are you waiting for? This is a unique, ultra-specific opportunity that's as useful as it is urgent. Step into your new life at 2308 Bay Boulevard. The beach is calling.

FOR SALE DETAILS

PRICE

$2,095,000 USD

PRICE/SF

$493 USD /SF

# OF UNITS

5

PRICE/UNIT

$419,000

CAP RATE

Request Cap Rate

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1972

PARKING SPACES

19

LAND DETAILS

LAND ACRES

0.21 AC

LAND SF

9,148 SF

ZONING

-

APN/PARCEL ID

06-30-15-42318-000-0170

ASK ABOUT THIS PROPERTY

Michael MurphyDouglas Elliman CommercialMore Info
631-858-2460

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Michael MurphyDouglas Elliman CommercialMore Info
631-858-2460

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.