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    • MLS#: TB8322059 ( Residential Income )
    • Street Address: 12321 Gulf Boulevard
    • Viewed: 64
    • Price: $3,500,000
    • Price sqft: $553
    • Waterfront: No
    • Year Built: 1948
    • Bldg sqft: 6332
    • Bedrooms: 10
    • Total Baths: 10
    • Days On Market: 202
    • Additional Information
    • Geolocation: 27.7789 / -82.7797
    • County: PINELLAS
    • City: TREASURE ISLAND
    • Zipcode: 33706
    • Subdivision: Coney Island
    • Provided by: ENGEL & VOLKERS MADEIRA BEACH
    • Contact: Evan Pedone
    • 727-394-7365
    • mfrmls
    • DMCA Notice
    • Description
      Exciting Update: now a completely renovated hotel! Construction is nearing completion and brand new stainless steel kitchen appliances will be installed to enhance the propertys value. Time is money no waiting to renovate before renting, secure this income property now to cash in on the summer season! The Bungalows welcomes investors with an impressive 10 CAP RATE! This 10 unit plus office licensed hotel offers high income potential in its current use and intriguing value for future use of its four buildings and three parcels. A newly resurfaced pool and all new pool equipment await guests. Two of the four buildings lay adjacent to the pool, offering multiple rentals just steps to a relaxing dip or lounging on the pool deck. The Bungalows offers studios, one and two bedroom units to appeal to all types of vacationers. Every unit features a kitchenette making them feel like a home away from home. The charm and pride of ownership also extends to the multiple outdoor spaces frequently raved about in reviews. Relax under shade, unwind in an Adirondack chair or play corn hole in the Florida sun there are many options for outdoor enjoyment here. Each unit has direct access to outdoor areas made to feel like a private oasis for guests. This boutique hotel offers new roofs, HVAC and water heaters presenting the buyer with a low maintenance, tropical sanctuary. New floors and cabinets are just another highlight. Prime Gulf Blvd location with direct access to a crosswalk makes staying here a breeze for guests. The property is a two minute walk to Pinellas County's #1 tourist destination John's Pass Village & Boardwalk featuring shopping, restaurants, jet ski rentals, sunset cruises, fishing charters and live music. Treasure Island beach is located steps away and beacons guests to relax and stay a while. A boat ramp is located steps from this property making kayaking a breeze. Kayak, jet ski and floating tiki hut rentals routinely make arrangements to pick up guests here.
    Features
    Home Owners Association Fee
    1. 0.00
    Baths Total
    1. 10
    Carport Spaces
    1. 0.00
    Close Date
    1. 0000-00-00
    Cooling
    1. Central Air
    Country
    1. US
    Covered Spaces
    1. 0.00
    Exterior Features
    1. Courtyard
    2. Fence
    3. Sidewalk
    4. Storage
    Garage Spaces
    1. 0.00
    Heating
    1. Central
    2. Electric
    Insurance Expense
    1. 0.00
    Interior Features
    1. Kitchen/Family Room Combo
    2. Solid Wood Cabinets
    3. Stone Counters
    4. Thermostat
    Legal Description
    1. CONEY ISLAND BLK 11
    2. LOTS 7 AND 8
    3. CONEY ISLAND BLK 11
    4. LOT 6 LESS RD R/W; CONEY ISLAND BLK 11
    5. LOT 5 LESS RD R/W
    Living Area
    1. 4846.00
    Area Major
    1. 33706 - Pass a Grille Bch/St Pete Bch/Treasure Isl
    Net Operating Income
    1. 0.00
    Open Parking Spaces
    1. 0.00
    Other Expense
    1. 0.00
    Parcel Number
    1. 15-31-15-17784-011-0070
    Pool Features
    1. Gunite
    2. In Ground
    Property Type
    1. Residential Income
    Roof
    1. Metal
    Sewer
    1. Public Sewer
    Tax Year
    1. 2023
    Township
    1. 31
    Utilities
    1. Electricity Connected
    2. Phone Available
    3. Public
    4. Sewer Connected
    5. Water Connected
    Views
    1. 64
    Water Source
    1. Public
    Year Built
    1. 1948
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