8251 Bayshore Drive
TREASURE ISLAND, FL 33706

$1,995,000

Description

Beautiful Sunset Beach in Treasure Island. Double lot on the water. Grosses approximately $58,000 a year (2 waterfront units are occupied by owner and could bring in another $50,000 a year). 8 units with three 2 bedrooms and five 1 bedrooms. Non-transient Apartments with the State of Florida (DBPR) "Division of Hotels and Restaurants" license. Property insurance $18K, property taxes $8k, Utilities $6K, Pest control $1k, Landscape $1k, and Maid service $1k. (note: taxes will change upon sale of property.) New boat slips will be going in soon. Four slips have been approved with almost all the permit requirements. Permits should be completed by summer 2019. With carports and the knotty pinewood walls, this property has been kept to the original look of the 1950's. The beautiful sandy beach is a few houses away and no bridges on the waterway between this property and the Gulf of Mexico. You can't get any better.

Details

MLS#U8011934
StyleIndustrial
Sub-TypeResale
StatusActive
Year1955
Days On Site303

Features

SQ Feet7,340
Story(s)1

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Area Information

StateFL
CountyPinellas
CityTREASURE ISLAND
Zip Code33706
Area33706 - Pass a Grille Bch/St Pete Bch/Treasure Isl
Listing VS Median (in 33706)
Price:
$1,995,000
low | high
Med:
$440,000
100% of Average
SqFt:
7,340
low | high
Med:
1,200
100% of Average
$ / SqFt:
$272
low | high
Med:
$367
15.096073517126% of Average
On Site:
303
low | high
Med:
72
100% of Average
Listing Updated: 05/19/2019
MLS Number: U8011934
Listing Provided By:
Mel Lenehan  of  CHARLES RUTENBERG REALTY INC

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