240 115th Avenue, Treasure Island, FL 33706

Description

Discount on Cash Offer. Not often does an opportunity come along like this one in the highly desirable Inter-coastal waterfront of Treasure Island...Minutes to the Gulf Beaches, Access by water to the inter-coastal with no bridges via John's Pass. Multi-family (4) plex investment property on the water with (4) deep water dockage including water/power. Ability to convert to Condominium, Single Home or Income Producing (Buyer to verify) (2) 2/1, (2) 1/1, 2 parking spaces per unit. Each unit has been extensively remodeled. 2 entrances, individual covered porch/lanai, washer/dryer on premises, 5 total meters (4 individuals to units and 1 common area). Just minutes from the beaches and on the inter-coastal waterways. The Seawall is in great shape. Building has been very well maintained. Current tenants are clean and respectful. The Building was tented in 2021. If you are interested as a first time investor, seasoned investor, or (1031) exchange, this might be the opportunity for you. Owner moving out of the area. Currently Homeowners: $12,059, Flood $7,663. (Possible Insurance transfer). Current rates for Units can be raised substantially. Sovereignty Submerged Land Lease has been paid for 2024 ($1300 approx.)

Listed by Jeannine Savignac, .