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1214 Bay Pine Boulevard

Indian Rocks Beach, FL 33785

5 beds
3 baths
1,480 sqft
6,782 sqft lot
$777 per sqft
1947 build
– on site

Exciting investment opportunity! $73,000 Gross Annual Income. Fully updated and renovated multi-family triplex, ZERO deferred maintainance. Nestled in the picturesque coastal town of Indian Rocks Beach, Florida. Offering a unique proposition for both investors and homeowners seeking a prime location. Perfectly positioned just steps away from the beach, access to the intercoastal and the sparkling waters of the Gulf of Mexico, this triplex comprises two charming studio apartments and a main unit with 1100 sq ft featuring three bedrooms one bath private parking, and screened recreation room and private patio. Residents and tenants alike can bask in the glorious Florida sunshine and enjoy the gentle sea breeze from their private patios, providing an ideal space for unwinding after a long day. Moreover, this exceptional triplex provides convenient access to a wide array of local amenities, ensuring a lifestyle of comfort and convenience. With its prime corner location, zoning flexibility, endless possibilities, and strong potential for generating rental income, or building your dream beach getaway, this triplex represents a rare and exceptional investment prospect in one of Florida's most desirable coastal communities. Don't miss out on the chance to make this property your own and capitalize on all that Indian Rocks Beach has to offer. Property Features: Exterior: New roof (2023), New landscaping, new pavers, new driveways, new sprinkler system, new exterior paint, new PVC fencing, new patios on each unit, new exterior lighting, parking for 8-10 cars. Interior: All three units Fully Furnished / New Kitchens / appliances / counters and cabinets, new flooring, new doors, new keyless entry, Updated AC units (2021), Updated electric, 3 separate meters, updated plumbing, new interior lighting and fans, new interior paint and moldings. Highlight: No short term rental minimum Room for RV storage or boat storage. Unit 1 - Rented $3000 a month Lease starts May 1st 2024 Unit 2 - Rented $1500 a month leased started March 1st 2024 Unit 3 - For Rent - $1600 a month $73K a year Current gross income. Great 1031 exchange property.

Listing courtesy of STELLAR_MLS / DOUGLAS ELLIMAN

Last checked: Checking… • Last updated Apr 17, 2024 •

MLS# U8230633 —

This property is listed in more than one place. See it here.

The Building

Year Built:

1947
New Construction:

false
Construction Materials:

Block
# of Buildings:

1
Common Walls:

Corner Unit
Roof:

Shingle
Foundation Details:

Slab
Window Features:

Blinds
Patio And Porch Features:

Covered

Interior

Furnished:

Furnished
Interior Features:

Built in Features
Additional Rooms:

Breakfast Room Separate
Flooring:

Vinyl
Fireplace:

false

Room Dimensions

Living Area:

1480
Living Area Units:

Square Feet
Living Area Source:

Public Records

Location

Directions:

Gulf Blvd North to 14th Ave N, make right on 14th Ave, property is on corner of 14th and Bay pine on the right.
Latitude:

27.896457
Longitude:

-82.845112
Coordinates:

-82.845112, 27.896457

The Property

Parcel Number:

013014420480840170
Property Type:

Residential Income
Property Subtype:

Triplex
Lot Features:

Corner Lot
Lot Size Acres:

0.16
Lot Size SqFt:

6782
Lot Size Area:

6782
Lot Size Units:

Square Feet
Exterior Features:

Awning(s)
Water Source:

Public
Total Acres:

0 to less than 1/4
Road Surface Type:

Paved
Road Frontage Type:

Street Paved
Flood Zone Code:

AE
Flood Zone Panel:

12103C0113H
Lease Restrictions:

false

Listing Agent

Contact info:

Taxes

Tax Year:

2022
Tax Lot:

17
Tax Block:

84
Tax Book Number:

23-11
Tax Annual Amount:

6890
Tax Legal Description:

INDIAN BEACH RE-REVISED 1ST ADD BLK 84, LOT 17

Beds

Bedrooms Total:

5

Baths

Total Baths:

3

The Listing

Special Listing Conditions:

None
Buyer's Brokerage Compensation:

2.5%-295

Heating & Cooling

Heating:

Central
Heating:

true
Cooling:

Central Air
Cooling:

true

Utilities

Utilities:

BB/HS Internet Available
Sewer:

Public Sewer

Appliances

Appliances:

Dishwasher
Laundry Features:

Laundry Room

The Community

Subdivision Name:

INDIAN BEACH RE-REVISED 1ST ADD
Senior Community:

false
Community Features:

Golf Carts OK
Water View:

false
Water Access:

false
Waterfront:

false
Pool Private:

false
Association:

false
Ownership:

Fee Simple
Association Approval Required:

false
Additional Water Information:

4 min walk to the Gulf of Mexico.

Parking

Garage:

false
Carport:

false
Open Parking:

true
Parking Features:

Boat

Extra Units

Other Structures:

Shed(s)
# of Units Total:

3

Explore the Area

My Commute

From

Walk Score®

Provided by WalkScore® Inc.

Bike Score®

Provided by WalkScore® Inc.

Soundscore™

Provided by HowLoud

Max Internet Speed

Frontier

Provided by BroadbandNow®

Sale history

Date	Event	Source	Price	% Change
3/27/24 Mar 27, 2024	Price Changed	STELLAR_MLS	$1,150,000	9.5%
3/17/24 Mar 17, 2024	Price Changed	STELLAR_MLS	$1,050,000	-8.7%
3/3/24 Mar 3, 2024	Price Changed	STELLAR_MLS	$1,150,000	-3.8%

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This multifamily located in Indian Rocks Beach, FL 33785 is currently for sale for $1,150,000. 1214 Bay Pine Boulevard is a 1,480 square foot multifamily with 5 beds and 3 baths that has been on Estately for 87 days. This multifamily is in the attendance area of Anona Elementary School, Seminole Middle School, and Largo High School.

Listing Courtesy of: STELLAR_MLS and DOUGLAS ELLIMAN.

Based on information from the My Florida Regional MLS DBA Stellar MLS 2024.

All information provided is deemed reliable but is not guaranteed and should be independently verified. Stellar MLS, Estately and their affiliates provide the MLS and all content therein “AS IS” and without any warranty, express or implied. The information included in this listing is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The information on each listing is furnished by the owner and deemed reliable to the best of his/her knowledge, but should be verified by the purchaser. Stellar MLS and Estately assume no responsibility for typographical errors, misprints or misinformation. This property is offered without respect to any protected classes in accordance with the law. For any questions please call (407) 499-8911.

The offer of compensation listed above is made to, and can only be accepted by, participants of the multiple listing service in which this listing is filed.