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2308 Bay Blvd 5 Unit Apartment Building $2,095,000 ($419,000/Unit) Indian Rocks Beach, FL 33785
INVESTMENT HIGHLIGHTS
- All new electric all new plumbing new flooring new kitchen cabinets and appliances all new bathroom vanities and fixtures
- Each unit has individual patios with room for a water feature/hot tub.
- New roof in 2024 with hurricane straps. All windows are hurricane impact windows with a lifetime warranty.
- 20 parking spaces
- Sale includes a transferable hotel motel license Indian rocks Beach is zoned for short term vacation rental.
- ALL CALLS AND INQURIES TO Mike Daquino Sales Associate Douglas Elliman mike.daquino@elliman.com Cell 631.872.3855
EXECUTIVE SUMMARY
ALL INQUIRIES TO: Mike Daquino, Sales Associate Douglas Elliman | mike.daquino@elliman.com | Cell 631.872.3855
Welcome to 2308 Bay Boulevard, your gateway to a life of beachside bliss in Indian rocks Beach, FL. This multi-family apartment building, with its ten bedrooms and five bathrooms, is a veritable treasure trove of opportunities. And, with all units fully renovated and updated, you'll find a unique combination of modern comfort and timeless charm. Each of the five units boasts two bedrooms, one bathroom, and a private outdoor patio space. The renovations are not only comprehensive but also fully permitted, ensuring peace of mind. Updates include new sheetrock, electrical, plumbing, flooring, kitchen cabinets, countertops, and appliances. The new paint and moldings add a fresh, contemporary touch, while the new roof (2024) with hurricane straps and high-impact hurricane windows ensure the property is ready to withstand the elements. Parking will never be a problem with space for 20 cars. For the entrepreneurs among you, the property comes with a hotel-motel license and is zoned for short-term rental and vacation rental. Each unit has its own electric and water meter, making utility management a breeze. Solid block construction ensures durability, and individual laundry rooms and storage closets in each unit add to the convenience. The location? It couldn't be better. A short walk takes you to public beach access, where you can soak up the sun and surf to your heart's content. Multiple restaurants within walking distance mean you'll never run out of new culinary experiences to try. So, what are you waiting for? This is a unique, ultra-specific opportunity that's as useful as it is urgent. Step into your new life at 2308 Bay Boulevard. The beach is calling.
Welcome to 2308 Bay Boulevard, your gateway to a life of beachside bliss in Indian rocks Beach, FL. This multi-family apartment building, with its ten bedrooms and five bathrooms, is a veritable treasure trove of opportunities. And, with all units fully renovated and updated, you'll find a unique combination of modern comfort and timeless charm. Each of the five units boasts two bedrooms, one bathroom, and a private outdoor patio space. The renovations are not only comprehensive but also fully permitted, ensuring peace of mind. Updates include new sheetrock, electrical, plumbing, flooring, kitchen cabinets, countertops, and appliances. The new paint and moldings add a fresh, contemporary touch, while the new roof (2024) with hurricane straps and high-impact hurricane windows ensure the property is ready to withstand the elements. Parking will never be a problem with space for 20 cars. For the entrepreneurs among you, the property comes with a hotel-motel license and is zoned for short-term rental and vacation rental. Each unit has its own electric and water meter, making utility management a breeze. Solid block construction ensures durability, and individual laundry rooms and storage closets in each unit add to the convenience. The location? It couldn't be better. A short walk takes you to public beach access, where you can soak up the sun and surf to your heart's content. Multiple restaurants within walking distance mean you'll never run out of new culinary experiences to try. So, what are you waiting for? This is a unique, ultra-specific opportunity that's as useful as it is urgent. Step into your new life at 2308 Bay Boulevard. The beach is calling.
PROPERTY FACTS
| Price | $2,095,000 | Building Class | C |
| Price Per Unit | $419,000 | Lot Size | 0.21 AC |
| Sale Type | Investment | Building Size | 4,246 SF |
| No. Units | 5 | Average Occupancy | 100% |
| Property Type | Multifamily | No. Stories | 1 |
| Property Subtype | Apartment | Year Built | 1972 |
| Apartment Style | Low-Rise | Parking Ratio | 4.97/1,000 SF |
| Price | $2,095,000 |
| Price Per Unit | $419,000 |
| Sale Type | Investment |
| No. Units | 5 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.21 AC |
| Building Size | 4,246 SF |
| Average Occupancy | 100% |
| No. Stories | 1 |
| Year Built | 1972 |
| Parking Ratio | 4.97/1,000 SF |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Cable Ready
- Dishwasher
- Microwave
- Washer/Dryer Hookup
- Ceiling Fans
- Tile Floors
- Kitchen
- High Speed Internet Access
- Refrigerator
- Sprinkler System
- Range
- Attic
- Double Pane Windows
- Patio
- Smoke Free
- Window Coverings
SITE AMENITIES
- Laundry Facilities
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+1 | 5 | - | 764 |
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PROPERTY TAXES
| Parcel Number | 06-30-15-42318-000-0170 | Improvements Assessment | $392,466 |
| Land Assessment | $707,534 | Total Assessment | $1,100,000 |
PROPERTY TAXES
Parcel Number
06-30-15-42318-000-0170
Land Assessment
$707,534
Improvements Assessment
$392,466
Total Assessment
$1,100,000
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2308 Bay Blvd
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