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$4,750,000 • bedroom(s) • living size area 12216 sqft • waterfront access
Prime investment opportunity in treasure island. this highly sought-after location is consistently in high demand from tenants, ensuring minimal vacancies and a steady stream of rental income and high potential for future appreciation in property value. this is a turnkey 15-unit multifamily building with a mix of unit types—6 one-bedroom, one-bath units, and 9 two-bedroom, two-bath units, plus full washer & dryer in each unit. the variety allows for diverse tenant profiles. every unit has a balcony that overlooks the scenic intracoastal waterway, adding a premium aspect that could attract tenants willing to pay a bit more for the view and waterfront living experience, plus it is just minutes walk to the gulf beaches. exterior features include private waterfront pool, dock, outdoor bathroom, outdoor shower, grill and bike rack; all great features for tenants, enhancing the quality of life and making the property more appealing to renters. this building has an elevator and under-building designated parking as well as plenty of guest parking. 13 out of the 15 units are currently leased, with the remaining 2 used occasionnally by the owners. this shows that the property is actively rented, which can be reassuring to potential investors, as there's already an established rental income stream.Gelfand Realty Miami Properties for Sale - Multi Family for Sale
Back to Search 145 116TH, TREASURE ISLAND, FL 33706
Multi Family 24 bedrooms - CITY OF TREASURE ISLAND for Sale
145 116TH, TREASURE ISLAND, FL 33706
Asking Price$4,750,000 Change Price$500,000
Share by:
- 24bdr
- Living 12216sqft
- Lot size 28157sqft
- Taxes: Register to see
- Year Built 1987
-
Days on market:
22 day(s) Original Price:
$5,250,000-
Price per sqft:
$388.83 Tax Legal Description:
TREASURE ISLAND, CITY OF BLK G, LOTS 11, 12 & 13 TOGETHER WITH PART OF ENTRADA CONDO BLK F, PHASE 1 DESC COM NW COR OF LOT 3 OF ENTRADA CONDO BLK F, PHASE 1 TH S45D54' 47"E 120.96FT TH N52D00' 50"E 10.10FT FOR POB TH N52D00'50"E 43.16FT TO RIP RTS ALSO DESIGNATED AS POINT A TH RETURN TO POB TH S45D54'47"E 15FT TO RIP RTS ALSO DESIGNATED AS POINT B TH ALG RIP RTS LINE TO POINT A FOR CLOSING DIMENSION PER O.R. 19833/2086Tax Year:
2024-
MLS:
TB8342761 -
Property Type:
Multi Family -
Parking:
Assigned Covered GuestUnder Building -
Furnished Info:
Unfurnished -
Waterfront:
Yes Pool Features:
In Ground GuniteWaterfront Description:
Intracoastal Waterway-
View:
Water
Lease Term Remaining:
12 MonthsConstruction Type:
BlockConcreteRoof:
ShingleCooling Description:
Central AirHeating Description:
CentralFloor Description:
Carpet TileInterior Features:
Ceiling Fan(s) Living Room/Dining Room ComboExterior Features:
Outdoor ShowerLightingBalconyIrrigation System SidewalkPrivate MailboxOutdoor GrillEquipment/Appliances:
DishwasherRefrigeratorDryerWasherElectric Water Heater RangeSpecial Listing Conditions:
NoneLot Features:
Landscaped FloodZone
