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822 1st St 3 Unit Apartment Building $975,000 ($325,000/Unit) Indian Rocks Beach, FL 33785

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EXECUTIVE SUMMARY

This well-located triplex offers ample space and incredible potential. Recently affected by minimal storm damage, its ready for your improvements and set to generate short- or long-term rental income. With a successful rental history and short-term rental approval this property is primed for profitability. A letter from fema and the county confirms the property is ready for remediation and ready to get back to business. Don't miss out on this investment opportunity in one of the area's most sought after beach communities. Less than one block to beach access. Three 2 bed/1 bath units, ample parking, laundry room with storage, small private yard. Each unit has separate electric and water meters. Duplex next store may also be available. Fix it or tear down with lot prime location for multi family new build.

PROPERTY FACTS

Price $975,000
Price Per Unit $325,000
Sale Type Investment
Gross Rent Multiplier 24
No. Units 3
Property Type Multifamily
Property Subtype Apartment
Apartment Style Garden
Building Size 2,400 SF
No. Stories 1
Year Built 1973

UNIT MIX INFORMATION

DESCRIPTION NO. UNITS AVG. RENT/MO SF
6+3 3 - -

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
12-30-14-59832-002-0240
Land Assessment
$539,885
Improvements Assessment
$50,115
Total Assessment
$590,000
  • Listing ID: 38301196

  • Date on Market: 11/2/2025

  • Last Updated:

  • Address: 822 1st St, Indian Rocks Beach, FL 33785

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