10315 Gulf Blvd
Treasure Island, FL 33706
The Palms of Treasure Island Resort · Hospitality Property For Sale · 91,989 SF

This is a 36 unit condo/hotel complex built in 2007, and 2 units are for sale, unit 109 and 403 and are fully furnished as shown. Building has elevator, heated pool and hot tub, dock, covered parking. This building is classified as a condo/hotel and rented as vacation rentals on weekly, monthly, weekend basis, and used for personal vacation time. The building faces the water on both the front and rear, inter coastal water and Gulf/beach. HOA Fees are $750/month and include :Cable TV, Internet, Garbage, Water, Pool and Ground maintenance, Building and flood insurance, and all exterior maintenance and building reserves. Taxes ($5,500 annual) and electricity ($2,500 annual) are the only individual fees. Condo reserves are funded each month from each units monthly association fee with no outstanding assessments. Units are held in separate entity names and will require 2 closings and are available separately. Both units Combined: Total Rent $105,000 Taxes $ 11,000 HOA $ 18,000 Electricity $ 5,000 Cleaning $ 9,000 NROI $63,000