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10 Unit Waterfront Apt Building for Sale 275 116th Ave 10 Unit Apartment Building $2,900,000 ($290,000/Unit) Treasure Island, FL 33706
Executive Summary
Located in the desirable Isle of Capri community, in popular Treasure island, this apartment complex is just a short distance to the Gulf beaches - all ten units face the intracoastal waterways, with a wide view looking out at the 200 feet of water frontage - (8) 2br 1ba & (2) 1br 1ba apartments - new windows and seawall - possible condo conversion, redevelopment site, or renovate and upgrade existing units to increase cash flow.
Property Facts
| Price | $2,900,000 | Building Class | C |
| Price Per Unit | $290,000 | Lot Size | 0.51 AC |
| Sale Type | Investment | Building Size | 14,514 SF |
| Sale Condition | Redevelopment Project | Average Occupancy | 90% |
| No. Units | 10 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1968 |
| Property Subtype | Apartment | Parking Ratio | 1.49/1,000 SF |
| Apartment Style | Low-Rise | ||
| 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 | $2,900,000 |
| Price Per Unit | $290,000 |
| Sale Type | Investment |
| Sale Condition | Redevelopment Project |
| No. Units | 10 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.51 AC |
| Building Size | 14,514 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
- Ceiling Fans
- Tile Floors
- Kitchen
- Refrigerator
- Oven
- Tub/Shower
- Yard
- Family Room
- Linen Closet
- Patio
- Porch
Site Amenities
- 24 Hour Access
- Laundry Facilities
- Waterfront
- Smoke Free
- Dock
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 2 | - | - |
| 2+2 | 8 | - | - |
Property Taxes
| Parcel Number | 14-31-15-13230-001-0180 | Improvements Assessment | $466,495 |
| Land Assessment | $1,333,505 | Total Assessment | $1,800,000 |
Property Taxes
Parcel Number
14-31-15-13230-001-0180
Land Assessment
$1,333,505
Improvements Assessment
$466,495
Total Assessment
$1,800,000
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10 Unit Waterfront Apt Building for Sale | 275 116th Ave
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