Address1214 Bay Pine Boulevard, INDIAN ROCKS BEACH, FL, 33785

Price$1,150,000

  • 5 Beds
  • 3 Baths
  • Income
  • 1,480 SQ FT
  • Built in 1947

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.

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Essential Information

  • MLS® #U8230633
  • Price$1,150,000
  • Bedrooms5
  • Bathrooms3.00
  • Square Footage1,480
  • Acres0.16
  • Price/SqFt$777 USD
  • Year Built1947
  • TypeIncome
  • Sub-TypeTriplex
  • StatusActive

Community Information

  • Address1214 Bay Pine Boulevard
  • CityINDIAN ROCKS BEACH
  • CountyPinellas
  • StateFL
  • Zip Code33785

Area

Indian Rocks Bch/Belleair Bch/Indian Shores

Subdivision

INDIAN BEACH RE-REVISED 1ST ADD

Parking

Boat, Guest, Off Street, On Street, RV Parking

Interior Features

Built-in Features, Ceiling Fans(s), Kitchen/Family Room Combo, Primary Bedroom Main Floor, Solid Surface Counters, Solid Wood Cabinets, Thermostat, Window Treatments

Appliances

Dishwasher, Dryer, Electric Water Heater, Microwave, Range, Refrigerator, Washer

Cooling

Central Air, Mini-Split Unit(s)

Exterior Features

Awning(s), Courtyard, Dog Run, Fence, Garden, Irrigation System, Lighting, Private Mailbox, Rain Gutters, Storage

Lot Description

Corner Lot, Flood Insurance Required, FloodZone, City Limits, Level, Near Public Transit, Paved

Amenities

Interior

  • HeatingCentral, Electric

Exterior

  • RoofShingle
  • FoundationSlab

Additional Information

  • Date ListedFebruary 12th, 2024
  • Days on Market80

Listing Details

  • OfficeDOUGLAS ELLIMAN
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Price Change History for 1214 Bay Pine Boulevard, INDIAN ROCKS BEACH, FL (MLS® #U8230633)

Date Details Change
Price Increased from $1,050,000 to $1,150,000 $100,000 (9.52%)
Price Reduced from $1,150,000 to $1,050,000 $100,000 (8.70%)
Price Reduced from $1,195,000 to $1,150,000 $45,000 (3.77%)
Price Reduced from $1,299,000 to $1,195,000 $104,000 (8.01%)
Community Listings

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