TREASURE ISLAND, FL 33706 145 116TH AVENUE

Pending
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Presented By: TOTAL REALTY SERVICES INC with 727-393-2534. - 727-393-2534
  • MLS# TB8342761
  • 02/13/2025
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  • Beds • 24
  • Baths • 24
  • SQFT • 12,216

Home Details

Under contract-accepting backup offers. 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.
Presented By: TOTAL REALTY SERVICES INC with 727-393-2534. - 727-393-2534

Interior Features for 145 116TH AVENUE

Bedrooms

Total Bedrooms24

Bathrooms

Total Baths24

Other Interior Features

LivingAreaSourcepublic records
Air Conditioning Y/NYes
Fireplace Y/NNo
Flooringcarpet, tile
Furnished Y/Nunfurnished
Heating Y/NYes
Interior Amenitiesceiling fan(s), living room/dining room combo
Laundry Featuresinside
Window Featuresblinds

General for 145 116TH AVENUE

Additional Parcels Y/NNo
Appliancesdishwasher, dryer, electric water heater, range, refrigerator, washer
Building Area Unitssquare feet
Carport Y/NNo
Citytreasure island
Construction Materialsblock, concrete
Coolingcentral air
Countypinellas
Directionsgulf blvd in treasure island to 116th avenue to 145 116th avenue, jolly roger building on the right.
DockY/NYes
Flood Zone Codeae
Garage Y/NNo
Gross Income352500
HOANo
Heatingcentral
Land Lease Y/NNo
Lease Considered Y/NYes
Legal Descriptiontreasure 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 10.10f
Levelsone
Listing Termscash, conventional, other
Living Area Unitssquare feet
Lot Size Square Feet28157
Lot Size Unitssquare feet
MLS Area33706 - pass a grille bch/st pete bch/treasure isl
ModificationTimestamp2025-03-24t19:19:09.677z
New ConstructionNo
Number Of Units Total15
Ok to Lease12 months
Ownershipfee simple
Pets Allowedyes
Pool Featuresgunite, in ground
Property Subtypemulti family
Property Typeresidential income
Roofshingle
Security Featuresfire alarm, smoke detector(s)
Senior Community Y/NNo
Sewerpublic sewer
Standard Statuspending
Statuspending
Subdivision Namecity of treasure island
Tax Annual Amount38740
Tax Lot3
Tax Year2024
Tenant Payselectricity
Total Actual Rent25174
Utilitiescable connected, electricity connected, sewer connected, water connected
Viewwater
Virtual TourClick here
Water Access Typeintracoastal waterway
Water Access Y/NYes
Water Viewintracoastal waterway
Water View Y/NYes
Waterfront Featuresintracoastal waterway
Waterfront Y/NYes
Year Built1987

Exterior for 145 116TH AVENUE

Exterior Amenitiesbalcony, irrigation system, lighting, outdoor grill, outdoor shower, private mailbox, sidewalk
Foundation Detailsslab
Lot Featuresfloodzone, landscaped
Lot Size Acres0.65
Lot Size Area28157
Number of Buildings1
Parking Featuresassigned, covered, guest, under building
Private PoolYes
Road Responsibilitypublic maintained road
Road Surface Typeasphalt
Water Sourcepublic

Additional Details

Price History

Andre LaFountain

Realtor / Coach
Price $4,750,000
MLS#TB8342761
List Date 02/13/2025
Property Type Pending
Phone 518.569.7173
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Location
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