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145 116TH AVENUE

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Address: 145 116th Ave, Treasure Island, FL 33706, USA

Florida & Gulf Coast + Apartment Buildings

Created date: February 14, 2025

Date last updated: March 12, 2025

Property 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 types—6 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.

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Broker Details

Fatima Rapuano

ERA Total Realty Services Inc 727-742-2955 MLS ID: 260040768 State License Number: 3334584

Key Property Information

Listing Status:	Available
Listing Type:	Call for offers
Property Types:	Apartment Buildings
Price:	$4,750,000
No. of Units:	15
Year Built:	1987
Lot Size:	12,216.00 Sq ft
Opportunity Zone:	No
Price per unit:	$316,667
Property Website	Click Here
Number of Bedrooms:	24
Number of Bathrooms:	0

Address: 145 116TH AVENUE, TREASURE ISLAND, FL 33706, USA

Provided by:

Standard Status: Active

MLS Listing Number: TB8342761
ID: 3yd-PINELLAS-TB8342761

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