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11705 3rd St E 8 Unit Apartment Building $2,090,000 ($261,250/Unit) Treasure Island, FL 33706
INVESTMENT HIGHLIGHTS
- 10 bedrooms & 8 Bathrooms, 8 Units Waterfront with 5 Boat Slips in the best District of Treasure Island The Capri Island
- The building updated to code with permit and licensed job done with Brand NEW Roof
- Two Minutes you are in Jon Pass Plaza, one of the most Attraction for the tourist in Pinellas county
EXECUTIVE SUMMARY
This is an 8-unit waterfront apartment building on Capri Island in the best district of Treasure Island. It consists of six one-bedroom, one-bath units and two two-bedroom, one-bath units, plus five boat slips. The building Block concrete solid is about 6,000 + heated square feet and 7,000+ total square feet with a brand-new roof and all up-to-code updates. It’s just a 10-minute walk to a beautiful Gulf beach and a 2-5-minute boat ride to John’s Pass, after which you’re right in the middle of the Gulf of America. John’s Pass is a top tourist attraction, making this a prime location. The property generates about $16,000 a month and has excellent future potential. The buyer will need to honor the contract agreements for the leases with the management company. For any questions, please call the listing agent, Maki Kubba, at 727-455-5541. or email me at my private email bkubba@gmail.com
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Net Operating Income |
-
|
-
|
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
PROPERTY FACTS
| Price | $2,090,000 | Apartment Style | Low-Rise |
| Price Per Unit | $261,250 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.22 AC |
| No. Units | 8 | Building Size | 6,034 SF |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built | 1969 |
| Zoning | RM-15 - Residential Medium Density - 15 | ||
| Price | $2,090,000 |
| Price Per Unit | $261,250 |
| Sale Type | Investment |
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.22 AC |
| Building Size | 6,034 SF |
| No. Stories | 2 |
| Year Built | 1969 |
| Zoning | RM-15 - Residential Medium Density - 15 |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Heating
- Kitchen
- Oven
- Tub/Shower
SITE AMENITIES
- 24 Hour Access
- Tenant Controlled HVAC
- Pet Play Area
- Walk-Up
- Smoke Detector
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 6 | - | - |
| 2+1 | 2 | - | - |
PROPERTY TAXES
| Parcel Number | 14-31-15-13230-001-0130 | Improvements Assessment | $525,632 |
| Land Assessment | $1,174,368 | Total Assessment | $1,700,000 |
PROPERTY TAXES
Parcel Number
14-31-15-13230-001-0130
Land Assessment
$1,174,368
Improvements Assessment
$525,632
Total Assessment
$1,700,000
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Buxton Properties, Inc.
11705 3rd St E
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