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Gelfand Realty Miami Properties for Sale - Multi Family for Sale

1517 BAY PALM, INDIAN ROCKS BEACH, FL 33785

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Multi Family - INDIAN BEACH RE-REVISED for Sale

1517 BAY PALM, INDIAN ROCKS BEACH, FL 33785

Asking Price$900,000

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  • Days on market:

    258 day(s)
  • Original Price:

    $900,000
  • Price per sqft:

    $253.66
  • Tax Legal Description:

    INDIAN BEACH RE-REVISED BLK 25, LOT 1
  • Tax Year:

    2024
  • Property Type:

    Multi Family
  • Construction Type:

    Block
  • Cooling Description:

    Mini-Split Unit(s)
  • Special Listing Conditions:

    None

Description

$900,000 • living size area 3548 sqft

Prime investment opportunity – 6-unit apartment building in indian rocks beach! located just steps from kolb park and a short stroll to the pristine beaches of indian rocks beach, this 6-unit multifamily property is a rare find in a highly sought-after vacation destination. the building consists of five 1-bedroom, 1-bath units, one studio unit, and an on-site coin-operated laundry room—making it an ideal investment for short-term rentals, which are permitted by the city! the property, built with durable block construction, sustained flooding from hurricane helene but has been professionally remediated and is now ready for updates. the buildings feature new roofs installed last year, providing a strong foundation for future improvements and increased rental potential. with its prime location, this property offers strong income potential as a vacation rental or long-term investment, catering to beachgoers and seasonal visitors year-round. best of all, the seller is also offering the 2-bedroom, 1-bath home across the street (mls# tb8357777)—a perfect option for on-site management or additional rental income. the seller prefers to sell both properties as a package and is offering owner financing with competitive rates and a substantial down payment. don’t miss this chance to own a turnkey investment property in a booming beachside market. contact us today for more details or to schedule a private showing!

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