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  1. Mobile: 352.650.7063
  2. Office: 352.688.1303
  3. kgrey@pparealty.com
  2. Kelli Grey
  3. Preferred Property Associates Inc
  4. "Treating People the Way I Like to be treated.......it's that simple"

145 116th Avenue, TREASURE ISLAND, FL 33706

Priced at Only: $4,750,000

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145 116th Avenue
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  • MLS#: TB8342761 ( Residential Income )
  • Street Address: 145 116th Avenue
  • Viewed: 140
  • Price: $4,750,000
  • Price sqft: $0
  • Waterfront: Yes
  • Wateraccess: Yes
  • Waterfront Type: Intracoastal Waterway
  • Year Built: 1987
  • Bldg sqft: 0
  • Bedrooms: 24
  • Total Baths: 24
  • Days On Market: 27
Description
Prime investment opportunity in Treasure Island. This highly sought after location is consistently in high demand from tenants, ensuring minimal vacancies and a steady stream of rental income and high potential for future appreciation in property value. This is a Turnkey 15 unit multifamily building with a mix of unit types6 one bedroom, one bath units, and 9 two bedroom, two bath units, plus Full Washer & Dryer in each Unit. The variety allows for diverse tenant profiles. Every unit has a balcony that overlooks the scenic intracoastal waterway, adding a premium aspect that could attract tenants willing to pay a bit more for the view and waterfront living experience, plus it is just minutes walk to the Gulf Beaches. Exterior Features include Private Waterfront Pool, Dock, Outdoor Bathroom, Outdoor Shower, Grill and Bike Rack; all great features for tenants, enhancing the quality of life and making the property more appealing to renters. This building has an Elevator and Under Building Designated parking as well as plenty of Guest Parking. 13 out of the 15 units are currently leased, with the remaining 2 used occasionnally by the owners. This shows that the property is actively rented, which can be reassuring to potential investors, as there's already an established rental income stream.
Payment Calculator
  •   Principal & Interest -
  •   Property Tax $
  •   Home Insurance $
  •   HOA Fees $
  •   Mortgage Insurance-
  •   Monthly -
Features
Building and Construction
  • Covered Spaces: 0.00
  • Exterior Features: Balcony, Irrigation System, Lighting, Outdoor Grill, Outdoor Shower, Private Mailbox, Sidewalk
  • Flooring: Carpet, Tile
  • Living Area: 12216.00
  • Roof: Shingle
Land Information
  • Lot Features: FloodZone, Landscaped
Garage and Parking
  • Garage Spaces: 0.00
  • Parking Features: Assigned, Covered, Guest, Under Building
Eco-Communities
  • Pool Features: Gunite, In Ground
  • Water Source: Public
Utilities
  • Carport Spaces: 0.00
  • Cooling: Central Air
  • Heating: Central
  • Pets Allowed: Yes
  • Sewer: Public Sewer
  • Utilities: Cable Connected, Electricity Connected, Sewer Connected, Water Connected
Finance and Tax Information
  • Home Owners Association Fee: 0.00
  • Net Operating Income: 0.00
  • Tax Year: 2024
Rental Information
  • Tenant Pays: Electricity
Other Features
  • Appliances: Dishwasher, Dryer, Electric Water Heater, Range, Refrigerator, Washer
  • Country: US
  • Furnished: Unfurnished
  • Interior Features: Ceiling Fans(s), Living Room/Dining Room Combo
  • Legal Description: TREASURE ISLAND, CITY OF BLK G, LOTS 11, 12 & 13 TOGETHER WITH PART OF ENTRADA CONDO BLK F, PHASE 1 DESC COM NW COR OF LOT 3 OF ENTRADA CONDO BLK F, PHASE 1 TH S45D54' 47"E 120.96FT TH N52D00' 50"E 10.10FT FOR POB TH N52D00'50"E 43.16FT TO RIP RTS ALSO DESIGNATED AS POINT A TH RETURN TO POB TH S45D54'47"E 15FT TO RIP RTS ALSO DESIGNATED AS POINT B TH ALG RIP RTS LINE TO POINT A FOR CLOSING DIMENSION PER O.R. 19833/2086
  • Levels: One
  • Area Major: 33706 - Pass a Grille Bch/St Pete Bch/Treasure Isl
  • Parcel Number: 23-31-15-91908-007-0110
  • View: Water
  • Views: 140

Contact Info

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Headshot for Associate Kelli Grey
  1. Kelli Grey
  2. Preferred Property Associates Inc
  3. "Treating People the Way I Like to be treated.......it's that simple"
  4. Mobile: 352.650.7063
  5. Office: 352.688.1303
  6. kgrey@pparealty.com
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