8301 W GULF BOULEVARD at

8301 W GULF BOULEVARD

For sale Days on market 39

$1,495,000

$521/sq ft

$80,000
Price Decreased

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Overview

Bedroom

Year Built

1947

Sqft

2871

Property Type

Quadruplex

Property Description

This Solid block building directly across from the sugary sands of Sunset Beach, is a rare opportunity to own a four-unit property in the heart of the highly sought-after Sunset Beach neighborhood. Located directly across the street from Sunset Beach access, the property offers a location that consistently appeals to both long-term tenants and short-term renters. Sunset Beach is known for its quiet, walkable streets, limited inventory, and authentic coastal charm, making it one of the most desirable and tightly held areas along the Gulf Beaches.The property consists of four one-bedroom, one-bath units, all currently occupied by annual tenants and operated as unfurnished long-term rentals. Each unit is separately metered for electric, and the building includes shared laundry facilities, upstairs and downstairs patios, ample parking, and additional storage. As currently operated, the property provides steady income with an estimated cap rate of approximately 5%. For a buyer looking ahead, there is clear upside potential. Given its beachside location and layout, the highest and best use of the property is as a short-term or seasonal rental operation, where projected returns could increase to approximately 7–9%, subject to local regulations. This flexibility allows a new owner to enjoy reliable income today while maintaining the option to reposition the property in the future and take full advantage of its exceptional Sunset Beach location. Brand new coin operated landry offsets most of the common power and water for the building *Bottom 2 units were flooded during Hurricane Helene and were remediated with permits. All zoning nd other material facts should be verified by the buyer an or their agent. DO NOT DISTURB TENANTS

Property Details

MLS#

TB8464657

Address

8301 GULF W

City

TREASURE ISLAND

State/county

Zip/Postal Code

33706

Area

Sunset Beach

Country

United States

HOA

Assoc Fee

$--

Assoc Fee Pd

Tax Amount

$13,587

Maint Fee

$--

Tax Year

2025

Convection Oven

Dishwasher

Dryer

Microwave

Refrigerator

Washer

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