8301 W GULF BOULEVARD, Treasure Island, FL, 33706
4 beds
1947
2,871 sqft
This Solid block building directly across from the sugary sands of Sunset Beach, is a rare opportunity to own a four-unit property in the heart of the highly sought-after Sunset Beach neighborhood. Located directly across the street from Sunset Beach access, the property offers a location that consistently appeals to both long-term tenants and short-term renters. Sunset Beach is known for its quiet, walkable streets, limited inventory, and authentic coastal charm, making it one of the most desirable and tightly held areas along the Gulf Beaches.The property consists of four one-bedroom, one-bath units, all currently occupied by annual tenants and operated as unfurnished long-term rentals. Each unit is separately metered for electric, and the building includes shared laundry facilities, upstairs and downstairs patios, ample parking, and additional storage. As currently operated, the property provides steady income with an estimated cap rate of approximately 5%. For a buyer looking ahead, there is clear upside potential. Given its beachside location and layout, the highest and best use of the property is as a short-term or seasonal rental operation, where projected returns could increase to approximately 7–9%, subject to local regulations. This flexibility allows a new owner to enjoy reliable income today while maintaining the option to reposition the property in the future and take full advantage of its exceptional Sunset Beach location. Brand new coin operated landry offsets most of the common power and water for the building *Bottom 2 units were flooded during Hurricane Helene and were remediated with permits. All zoning nd other material facts should be verified by the buyer an or their agent. DO NOT DISTURB TENANTS
Status:
Active
Type:
Multi-family
Furnished Remarks:
Unfurnished
Laundry Remarks:
Outside
Units:
4
Subdivision:
SUNSET BEACH
Garage:
Guest, Open
Heating:
Electric, Heat Pump
Cooling:
Central Air
Acreage:
0.13
Est. Taxes:
$13,587
Construction
Block
Utilities
BB/HS Internet Available, Electricity Connected
Lot Description:
City Lot, Landscaped, Near Public Transit
Days on Market:
5
Pet Policy:
Yes
Appliances:
Convection Oven, Dishwasher, Dryer, Microwave, Refrigerator, Washer
Min Lease Term:
1 Month
MLS #:
TB8464657
Community Info
School Info
Walk Score
Yelp
Listing courtesy of GULFSIDE REALTY SALES 727-826-0001