$2,495,000
Description
Waterfront Quadplex with Boat Dock - Prime Indian Rocks Beach Opportunity! This rare quadplex offers the ultimate combination of beachside living and Intracoastal boating access. Located in sunny Indian Rocks Beach, it features two boat slips, a lift, and davits, perfect for boating enthusiasts, with the beach just steps away. The property includes a spacious top-floor 3-bedroom, 2-bath apartment with inside laundry, two private decks, garaged parking, and stunning open-water views, ideal for rental income or personal use. The ground floor consists of two 2-bedroom, 1-bath units that can connect to create a larger 4-bedroom, 2-bath setup, perfect for families or groups, plus a fully renovated efficiency unit with a market rent of $1,500/month. Recent upgrades include a new roof, roof deck, and interior improvements, with repairs underway to address minor storm flooding on the first level. This turnkey property comes fully furnished, offering a 5% CAP rate and strong future appreciation potential. Steps from the Indian Rocks Public Beach access and popular dining spots like Cocoas Pub and Café de Paris Bakery, it's also a short drive to Tampa International Airport, Downtown St. Petersburg, and Innsbrook Golf Course. Indian Rocks Beach has quickly rebounded after recent storms, attracting snowbirds and tourists with its warm weather, world-class boating, and vibrant beachside charm. Don't miss this exceptional investment opportunity. Contact us for detailed financials or to schedule a private showing. Please do not disturb occupants.
Listed by Russell Miller, .
Property Highlights
- Property Type: Multi Family, Quadruplex
- MLS #: TB8321635
Room Information
| Flooring | Tile |
| Furnished | Furnished |
| Garage | Yes |
| Garage Spaces | 2 |
| Laundry | Other |
| Total Baths | 5 |
| Total Beds | 7 |
Property Features
| Appliances | Range, Refrigerator |
| Construction Materials | Block, Stucco |
| Cooling | Central Air, Wall/Window Unit(s) |
| Exterior Features | Awning(s), Balcony, Lighting, Outdoor Shower, Rain Gutters, Storage |
| Has View | Yes |
| Heating | Central, Electric |
| Interior Features | Built-in Features, Crown Molding, Open Floorplan, Walk-In Closet(s) |
| Interior Square Footage | 3,418 |
| Lot Size Acres | 0.15 |
| Lot Size Dimension | 54x120 |
| Lot Size Square Feet | 6,382 |
| Other Structures | Storage |
| Patio Features | Covered, Deck, Front Porch, Rear Porch |
| Roof | Membrane |
| Sewer | Public Sewer |
| Water Source | Public |
| Waterfront | Yes |
| Windows | Blinds |