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125 110th Ave 4 Unit Apartment Building $3,200,000 ($800,000/Unit) 8.35% Cap Rate Treasure Island, FL 33706
INVESTMENT HIGHLIGHTS
- Prime Treasure Island location with direct water access and private dock.
- Expansive heated living area complemented by generous outdoor space.
- Resort-style amenities including a swimming pool and spa for ultimate relaxation.
- Strong investment potential supported by recent comparable sales in the area.
EXECUTIVE SUMMARY
Location. location. Location!!!! No damages during the hurricanes - house on stilts. Once in a lifetime opportunity to own the turnkey 4-plex on Treasure Island. Rare find. .. a pristine and elegant two-story custom built 4 units in 1 building. 4 units overlooking the 80 feet of Bocca Ciega Bay. Totally updated waterfront building. It is comprised of 1 unit -3 bedroom and 2 baths, 1600 sq ft, 2 units - 2 bedroom , 2 bath , 1100 sq ft each and a studio 500 sq ft - with ALL the same balcony view. Perfect for owner or investor. Owners’ unit is top floor and completely updated. Pool has a delightful bridge leading to the dock. Features include but not limited to, new roof, new AC, new window and hot water tanks, granite counters, custom wood cabinets, and washer & dryer in each unit. All units have water views and pool views. Extra-large dock and 4 boats slips are possible; building is elevated providing secure covered parking. All units have walk-in closets and separate outside additional storage area under the building. Property offers 4 carports under the building with 6 additional parking spaces. Buy and hold or invest for income purposes. It is the perfect 1031 exchange opportunity. Owners will entertain owners financing for the qualified party. Call to schedule your private tour today!
PROPERTY FACTS
| Price | $3,200,000 | Apartment Style | Low-Rise |
| Price Per Unit | $800,000 | Building Class | B |
| Sale Type | Investment | Lot Size | 0.17 AC |
| Cap Rate | 8.35% | Building Size | 7,449 SF |
| Sale Condition | 1031 Exchange | Average Occupancy | 100% |
| No. Units | 4 | No. Stories | 2 |
| Property Type | Multifamily | Year Built/Renovated | 1979/2024 |
| Property Subtype | Apartment | Parking Ratio | 1.34/1,000 SF |
| Zoning | RM 15 - Residential | ||
| Price | $3,200,000 |
| Price Per Unit | $800,000 |
| Sale Type | Investment |
| Cap Rate | 8.35% |
| Sale Condition | 1031 Exchange |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | B |
| Lot Size | 0.17 AC |
| Building Size | 7,449 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built/Renovated | 1979/2024 |
| Parking Ratio | 1.34/1,000 SF |
| Zoning | RM 15 - Residential |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Balcony
- Dishwasher
- Microwave
- Storage Space
- Washer/Dryer
- Ceiling Fans
- Tile Floors
- Granite Countertops
- Hardwood Floors
- Refrigerator
- Stainless Steel Appliances
- Range
- Tub/Shower
- Views
- Walk-In Closets
- Dock
- Island Kitchen
- Linen Closet
- Pantry
SITE AMENITIES
- Fenced Lot
- Pool
- Spa
- Waterfront
- Furnished Units Available
- Storage Space
- Bicycle Storage
- Dock
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PROPERTY TAXES
| Parcel Number | 23-31-15-43470-006-0780 | Improvements Assessment | $664,534 |
| Land Assessment | $850,466 | Total Assessment | $1,515,000 |
PROPERTY TAXES
Parcel Number
23-31-15-43470-006-0780
Land Assessment
$850,466
Improvements Assessment
$664,534
Total Assessment
$1,515,000
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125 110th Ave
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