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275 116th Ave 10 Unit Apartment Building $2,950,000 ($295,000/Unit) Treasure Island, FL 33706
INVESTMENT HIGHLIGHTS
- 206 ft waterfront with new seawall
- Ample parking
- Water views from every unit
- Close proximity to the Gulf beaches
EXECUTIVE SUMMARY
Welcome to the Sea Breeze Apartments. This quaint 10-unit apartment complex located on the serene Isle of Capri, nestled in the heart of Treasure Island, Florida. With breathtaking, unobstructed views of the sparkling intercoastal waters, this property offers an exceptional opportunity for both investors and those looking to own a piece of paradise.
The complex boasts a mix of two 1-bedroom, 1-bathroom units, and eight 2-bedroom, 2-bathroom units, each designed with comfort and relaxation in mind. Each residence features direct balcony or porch access. Natural light filters through large sliding glass doors which frame calming vistas of the shimmering waters, while the covered corridor provides a peaceful retreat from the sun.
A key highlight of the property is its impressive 206 feet of water frontage, complete with a newly replaced, reinforced concrete seawall; ensuring both beauty and security for years to come. Residents start their days with calm morning sunrises and wind down to spectacular sun sets. The intercoastal waterway offers endless possibilities for outdoor activities, from boating to paddleboarding or kayaking, all right outside your door.
In addition to the comfortable living spaces, the property offers ample parking for both residents and guests, making it convenient and accessible. And with just a few short blocks to the world-famous Treasure Island beach, residents will have their toes in the sand in no time, offering the best of both worlds, waterfront tranquility and easy beach access.
Whether you're looking to own a piece of real estate on one of Florida’s most coveted island communities, or seeking a prime, income-producing property, this Isle of Capri gem is the ideal investment. Schedule a tour today and experience the beauty and charm of this rare opportunity!
A minimum of 24-hours notice is required to schedule showings. DO NOT VISIT THE PROPERTY OR DISTURB THE TENANTS, thank you!
The complex boasts a mix of two 1-bedroom, 1-bathroom units, and eight 2-bedroom, 2-bathroom units, each designed with comfort and relaxation in mind. Each residence features direct balcony or porch access. Natural light filters through large sliding glass doors which frame calming vistas of the shimmering waters, while the covered corridor provides a peaceful retreat from the sun.
A key highlight of the property is its impressive 206 feet of water frontage, complete with a newly replaced, reinforced concrete seawall; ensuring both beauty and security for years to come. Residents start their days with calm morning sunrises and wind down to spectacular sun sets. The intercoastal waterway offers endless possibilities for outdoor activities, from boating to paddleboarding or kayaking, all right outside your door.
In addition to the comfortable living spaces, the property offers ample parking for both residents and guests, making it convenient and accessible. And with just a few short blocks to the world-famous Treasure Island beach, residents will have their toes in the sand in no time, offering the best of both worlds, waterfront tranquility and easy beach access.
Whether you're looking to own a piece of real estate on one of Florida’s most coveted island communities, or seeking a prime, income-producing property, this Isle of Capri gem is the ideal investment. Schedule a tour today and experience the beauty and charm of this rare opportunity!
A minimum of 24-hours notice is required to schedule showings. DO NOT VISIT THE PROPERTY OR DISTURB THE TENANTS, thank you!
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
PROPERTY FACTS
| Price | $2,950,000 | Building Class | C |
| Price Per Unit | $295,000 | Lot Size | 0.51 AC |
| Sale Type | Investment | Building Size | 12,740 SF |
| No. Units | 10 | Average Occupancy | 90% |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built | 1968 |
| Apartment Style | Low-Rise | Parking Ratio | 1.49/1,000 SF |
| Zoning | RM-15 - RM-15 zoning district is suitable for residential development of a medium density character together with assc'd special exception and accessory uses. | ||
| Price | $2,950,000 |
| Price Per Unit | $295,000 |
| Sale Type | Investment |
| No. Units | 10 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.51 AC |
| Building Size | 12,740 SF |
| Average Occupancy | 90% |
| No. Stories | 2 |
| Year Built | 1968 |
| Parking Ratio | 1.49/1,000 SF |
| Zoning | RM-15 - RM-15 zoning district is suitable for residential development of a medium density character together with assc'd special exception and accessory uses. |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Balcony
- Cable Ready
- Microwave
- Heating
- Tile Floors
- Kitchen
- Refrigerator
- Oven
- Yard
- Family Room
- Linen Closet
- Patio
- Porch
SITE AMENITIES
- 24 Hour Access
- Laundry Facilities
- Waterfront
- Dock
- Private Bathroom
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 2 | $1,600 | - |
| 2+2 | 8 | $2,000 | - |
PROPERTY TAXES
| Parcel Number | 14-31-15-13230-001-0180 | Total Assessment | $1,900,000 |
| Land Assessment | $1,476,858 | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $423,142 | Tax Year | 2024 |
PROPERTY TAXES
Parcel Number
14-31-15-13230-001-0180
Land Assessment
$1,476,858
Improvements Assessment
$423,142
Total Assessment
$1,900,000
Annual Taxes
($1) ($0.00/SF)
Tax Year
2024
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275 116th Ave
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