UPDATED:
Key Details
Property Type Commercial
Sub Type Multi Family
Listing Status Pending
Purchase Type For Sale
Square Footage 2,875 sqft
Price per Sqft $782
Subdivision Capri Isle Sub
MLS Listing ID W7872885
HOA Y/N No
Year Built 1969
Annual Tax Amount $21,930
Lot Size 10,018 Sqft
Acres 0.23
Lot Dimensions 70x140
Property Sub-Type Multi Family
Source Stellar MLS
Property Description
An exceptional opportunity to own a high-performing, waterfront multifamily property in the sought-after Treasure Island community. This income-generating 8-unit apartment building offers $14,200/ month in rental income and boasts direct access to the water with a private dock and four boat slips—a rare and valuable feature for attracting tenants seeking the ultimate Florida lifestyle.
Property Features:
Six One-Bedroom Apartments – Well-appointed units with spacious layouts
Two Two-Bedroom Apartments – Ideal for tenants requiring additional living space
New Roof – Recently replaced for long-term durability
New Coin-Operated Laundry Room – Added convenience and supplemental income stream
Private Dock with Four Boat Slips – Direct canal access, perfect for boating enthusiasts
Unparalleled Location & Investment Appeal:
Prime Waterfront Setting – Situated on a deep-water canal just minutes from the Intracoastal Waterway and the Gulf of Mexico
High Rental Demand – Strong occupancy history in a desirable coastal market
Proximity to Beaches & Attractions – Walking distance to Treasure Island's pristine beaches, dining, and entertainment
Versatile Income Potential – Suitable for long-term leasing or conversion into short-term and seasonal rentals
This well-maintained property presents an outstanding investment opportunity with immediate cash flow and long-term appreciation potential. You will be proud to be the next owner of this premier waterfront asset!
Location
State FL
County Pinellas
Community Capri Isle Sub
Area 33706 - Pass A Grille Bch/St Pete Bch/Treasure Isl
Direction E
Interior
Cooling Central Air
Exterior
Waterfront Description Canal - Saltwater
View Y/N Yes
Water Access Yes
Water Access Desc Canal - Saltwater
Building
Story 2
Foundation Slab
Lot Size Range 0 to less than 1/4
Structure Type Block
New Construction false
Others
Ownership Corporation
Special Listing Condition None
Virtual Tour https://www.hommati.com/3DTour-AerialVideo/unbranded/11705-3Rd-Street-East-Treasure-Island-Fl-33706--HPI51734564
