275 116th Ave - Apartments FOR SALE


Treasure Island, FL 33706
$2,950,000 USD
727-244-0442
275 116th Ave, Treasure Island, FL for Sale
$2,950,000 USD
Apartments - FOR SALE
1/34
null | Request Cap Rate

275 116th Ave
Treasure Island, FL 33706


HIGHLIGHTS

  • 206 ft waterfront with new seawall
  • Water views from every unit
  • Ample parking
  • Close proximity to the Gulf beaches

OVERVIEW

Welcome to the Sea Breeze Apartments. This quaint 10-unit apartment complex located on the serene Isle of Capri, nestled in the heart of Treasure Island, Florida. With breathtaking, unobstructed views of the sparkling intercoastal waters, this property offers an exceptional opportunity for both investors and those looking to own a piece of paradise. The complex boasts a mix of two 1-bedroom, 1-bathroom units, and eight 2-bedroom, 2-bathroom units, each designed with comfort and relaxation in mind. Each residence features direct balcony or porch access. Natural light filters through large sliding glass doors which frame calming vistas of the shimmering waters, while the covered corridor provides a peaceful retreat from the sun. A key highlight of the property is its impressive 206 feet of water frontage, complete with a newly replaced, reinforced concrete seawall; ensuring both beauty and security for years to come. Residents start their days with calm morning sunrises and wind down to spectacular sun sets. The intercoastal waterway offers endless possibilities for outdoor activities, from boating to paddleboarding or kayaking, all right outside your door. In addition to the comfortable living spaces, the property offers ample parking for both residents and guests, making it convenient and accessible. And with just a few short blocks to the world-famous Treasure Island beach, residents will have their toes in the sand in no time, offering the best of both worlds, waterfront tranquility and easy beach access. Whether you're looking to own a piece of real estate on one of Florida’s most coveted island communities, or seeking a prime, income-producing property, this Isle of Capri gem is the ideal investment. Schedule a tour today and experience the beauty and charm of this rare opportunity! A minimum of 24-hours notice is required to schedule showings. DO NOT VISIT THE PROPERTY OR DISTURB THE TENANTS, thank you!

FOR SALE DETAILS

PRICE

$2,950,000 USD

PRICE/SF

$369 USD /SF

# OF UNITS

10

PRICE/UNIT

$295,000

CAP RATE

Request Cap Rate

% LEASED

90%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1968

PARKING SPACES

19

LAND DETAILS

LAND ACRES

0.51 AC

LAND SF

22,172 SF

ZONING

RM-15

APN/PARCEL ID

14-31-15-13230-001-0180

ASK ABOUT THIS PROPERTY

Steven HerzfeldKW CommercialMore Info
727-244-0442

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Steven HerzfeldKW CommercialMore Info
727-244-0442

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