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701 1st St
Indian Rocks Beach, FL 33785
El Mar I and El Mar II · Multifamily Property For Sale
·
10 Units
PROPERTY FACTS
| No. Units | 10 | Building Size | 7,700 SF |
| Property Type | Multifamily | Average Occupancy | 100% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low-Rise | Year Built/Renovated | 1972/2017 |
| Building Class | C | Parking Ratio | 1.82/1,000 SF |
| Lot Size | 0.33 AC | ||
| Zoning | RM-2 | ||
| No. Units | 10 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.33 AC |
| Building Size | 7,700 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built/Renovated | 1972/2017 |
| Parking Ratio | 1.82/1,000 SF |
| Zoning | RM-2 |
AMENITIES
UNIT AMENITIES
- Balcony
SITE AMENITIES
- Courtyard
- Laundry Facilities
- Picnic Area
- Furnished Units Available
- Grill
ABOUT 701 1ST ST , INDIAN ROCKS BEACH, FL 33785
El Mar Apartments is a (10) unit apartment community located in the city of Indian Rocks Beach, FL which is in Pinellas County. The Property consists of (2) two-story concrete block buildings which are comprised of (8) one-bedroom/one bathroom units with approximately 650 rentable square feet, and (2) two bedroom/one and one half-bathroom townhouse units with approximately 1,250 rentable square feet. All ten units have central air conditioning and heating, and the buildings sit on a total of 0.33 +/- acres of land, across two parcels. Currently, two units are utilizing Airbnb and experience significant year-round demand. Landlord is responsible for water and sewer, common area electric, and trash removal. Landlord is also responsible for all utilities associated with the Airbnb units. Residents are responsible for electric. The Property is highly amenitized with on-site laundry, a large courtyard, grilling picnic area, and walking proximity to Public Beach Access. This Property has recently been renovated with exterior improvements consisting of landscaping and painting, and interior improvements consisting of upgraded kitchens with granite in select units, upgraded bathrooms in select units, new light fixtures, appliances, and ceramic tile flooring.
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 8 | $2,150 | 650 |
| 2+2 | 2 | $3,105 | 1,250 |
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $696,033 | |
| Land Assessment | $1,103,967 | Total Assessment | $1,800,000 |
PROPERTY TAXES
