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Indian Rocks Beach,FL 33785
Key Details
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Active
Purchase Type For Sale
Square Footage 3,418 sqft
Price per Sqft $729
Subdivision Indian Beach Re-Revised 16Th Add
MLS Listing ID TB8321635
Bedrooms 7
Year Built 1961
Annual Tax Amount $27,556
Lot Size 6,534 Sqft
Property Description
Waterfront Quadplex with Boat Dock - Prime Indian Rocks Beach Opportunity! This rare quadplex offers the ultimate combination of beachside living and Intracoastal boating access. Located in sunny Indian Rocks Beach, it features two boat slips, a lift, and davits, perfect for boating enthusiasts, with the beach just steps away. The property includes a spacious top-floor 3-bedroom, 2-bath apartment with inside laundry, two private decks, garaged parking, and stunning open-water views, ideal for rental income or personal use. The ground floor consists of two 2-bedroom, 1-bath units that can connect to create a larger 4-bedroom, 2-bath setup, perfect for families or groups, plus a fully renovated efficiency unit with a market rent of $1,500/month. Recent upgrades include a new roof, roof deck, and interior improvements, with repairs underway to address minor storm flooding on the first level. This turnkey property comes fully furnished, offering a 5% CAP rate and strong future appreciation potential. Steps from the Indian Rocks Public Beach access and popular dining spots like Cocoas Pub and Café de Paris Bakery, it's also a short drive to Tampa International Airport, Downtown St. Petersburg, and Innsbrook Golf Course. Indian Rocks Beach has quickly rebounded after recent storms, attracting snowbirds and tourists with its warm weather, world-class boating, and vibrant beachside charm. Don't miss this exceptional investment opportunity. Contact us for detailed financials or to schedule a private showing. Please do not disturb occupants.
Location
State FL
County Pinellas
Community Indian Beach Re-Revised 16Th Add
Interior
Heating Central,Electric,Wall Units / Window Unit
Cooling Central Air,Wall/Window Unit(s)
Flooring Tile
Laundry Other
Exterior
Exterior Feature Awning(s),Balcony,Fence,Lighting,Outdoor Shower,Rain Gutters,Sidewalk,Storage
Parking Features Assigned,Driveway,Ground Level,Guest,Off Street,Open
Garage Spaces 2.0
Utilities Available Cable Connected,Electricity Connected,Public,Water Connected
Waterfront Description Canal - Saltwater,Canal Front,Intracoastal Waterway
View Y/N Yes
Water Access Yes
Roof Type Membrane
Building
Lot Description FloodZone,City Limits,Landscaped,Level,Sidewalk,Private
Foundation Slab
Sewer Public Sewer
Water Public
Structure Type Block,Stucco
New Construction false
Others
Acceptable Financing Cash,Conventional
Listing Terms Cash,Conventional
Special Listing Condition None