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2308 Bay Boulevard

Indian Rocks Beach, FL 33785

10 beds
5 baths
3,820 sqft
9,361 sqft lot
$522 per sqft
1972 build
– on site

**** 5-UNIT INDIAN ROCKS BEACH INVESTMENT PROPERTY **** INCLUDES A NEW ROOF WITH FULL CATEGORY-4-RATED HURRICANE-RATED STRAPS **** TRANSFERABLE HOTEL LICENSE **** A unique opportunity to own a turnkey investment property in this quiet location. Nestled between the Gulf & Intracoastal. Beach access, a 2-minute walk at the end of 24th Ave N, and a small park on deep-water Intracoastal across the street. The current owner has meticulously maintained the property for over 20 years. No Rental Minimum and NO HOA! The property consists of 5 separate – 2 bed / 1 bath units all updated and maintained. Each unit has a private patio and Washer/Dryer hookup/storage area. **Live in one unit and rent out the rest or use a local management company and have a hands-free Seasonal/VRBO/Airbnb income rental** THE WINDOWS ARE HURRICANE IMPACT!! Non-smoking building, inside and out. The Kitchen appliances include: a Refrigerator, Range, Dishwasher, and built-in Microwave. THIS PROPERTY HAS 2 PARKING SPACES PER UNIT PLUS GUEST PARKING!! The only property of its size for Indian Rocks Beach (IRB) with this amount of parking. Block construction, Block walls between each unit, and firewalls between apartments in the attic. Each unit is metered separately for Electric, Water/Sewer. The building shows pride of ownership. **Currently Tenant Occupied and Annual Lease to 2024 - $115,000. An increase in revenue is easily attainable as current rents are below market value. Perfect setup to convert to Airbnb. Comparable Short-Term Rentals in Indian Rocks Beach $200-$250k in gross income. Buyer to verify comparable income. **PLEASE DO NOT DISTURB TENANTS! ** Schedule a Private Showing today.

Listing courtesy of STELLAR_MLS / PREMIER SOTHEBYS INTL REALTY

Last checked: Checking… • Last updated May 7, 2024 •

MLS# U8211094 —

The Building

Year Built:

1972
New Construction:

false
Construction Materials:

Block
# of Buildings:

1
Levels:

One
Roof:

Shingle
Foundation Details:

Slab
Window Features:

Blinds
Patio And Porch Features:

Front Porch

Interior

Interior Features:

Ceiling Fan(s)
Flooring:

Tile
Fireplace:

false

Room Dimensions

Living Area:

3820
Living Area Units:

Square Feet
Living Area Source:

Public Records

Location

Directions:

Head West on W Bay Dr towards the Gulf of Mexico. Go left (south) on Gulf Blvd. Make a left on 24th Ave N. Go to the end to Bay Blvd. Building on the right. No Sign.
Latitude:

27.905487
Longitude:

-82.844935
Coordinates:

-82.844935, 27.905487

The Property

Parcel Number:

063015423180000170
Property Type:

Residential Income
Property Subtype:

Multi Family
Lot Size Acres:

0.21
Lot Size SqFt:

9361
Lot Size Area:

9361
Lot Size Dimensions:

60 x 156
Lot Size Units:

Square Feet
Exterior Features:

Irrigation System
Water Source:

Public
Total Acres:

0 to less than 1/4
Road Surface Type:

Paved
Flood Zone Code:

AE
Lease Restrictions:

false

Listing Agent

Contact info:

Taxes

Tax Year:

2022
Tax Lot:

17
Tax Book Number:

34-23
Tax Annual Amount:

12460.47
Tax Legal Description:

INDIAN BEACH RE-REVISED 16TH ADD LOT 17

Beds

Bedrooms Total:

10

Baths

Total Baths:

5

The Listing

Virtual Tour URL Unbranded:

https://www.propertypanorama.com/instaview/stellar/U8211094
Special Listing Conditions:

None
Buyer's Brokerage Compensation:

2%-$395

Heating & Cooling

Heating:

Central
Heating:

true
Cooling:

Central Air
Cooling:

true

Utilities

Utilities:

BB/HS Internet Available
Sewer:

Public Sewer
Green Energy Efficient:

Windows

The Community

Subdivision Name:

INDIAN BEACH RE-REVISED 16TH ADD
Senior Community:

false
Water View:

false
Water Access:

false
Waterfront:

false
Pool Private:

false
Association:

false
Ownership:

Fee Simple

Parking

Garage:

false
Carport:

false

Extra Units

# of Units Total:

5

Explore the Area

My Commute

From

Walk Score®

Provided by WalkScore® Inc.

Soundscore™

Provided by HowLoud

Sale history

Date	Event	Source	Price	% Change
5/1/24 May 1, 2024	Price Changed	STELLAR_MLS	$1,995,000	-5.0%
11/21/23 Nov 21, 2023	Price Changed	STELLAR_MLS	$2,100,000	-8.7%
10/24/23 Oct 24, 2023	Price Changed	STELLAR_MLS	$2,300,000	-14.8%

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This multifamily located in Indian Rocks Beach, FL 33785 is currently for sale for $1,995,000. 2308 Bay Boulevard is a 3,820 square foot multifamily with 10 beds and 5 baths that has been on Estately for 245 days. This multifamily is in the attendance area of Anona Elementary School, Largo High School, and Seminole Middle School.

Listing Courtesy of: STELLAR_MLS and PREMIER SOTHEBYS INTL REALTY.

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.