TREASURE ISLAND, FL 33706

Property

Ownership: Fee Simple
Type: Unknown
Bedrooms: 4 BR
Bathrooms: 4
Pets: Pets Allowed
Lot Size: 0.1 Acres

Financials

Price:$1,425,000
Annual Taxes:$13,587
888 Biscayne Blvd # Unit CU9 Miami, FL 33132
Listing Courtesy of GULFSIDE REALTY SALES

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 ...

Description

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(1 month minimum 5 times per year), where projected returns could increase to approximately 7–9%(PRO FORMA AVAILABLE). 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

Amenities

  • Awnings
  • Bb Hs Internet Available
  • Built-in Features
  • Ceiling Fans(S)
  • City Limits
  • Convection Oven
  • Decorative
  • Dishwasher
  • Double Pane Windows
  • Dryer
  • Electricity Connected
  • ENERGY STAR Qualified Windows
  • French Doors
  • Landscaped
  • Lighting
  • Microwave
  • Near Public Transit
  • Park
  • Paved
  • Playground
  • Rain Gutters
  • Refrigerator
  • Storage
  • Walk-In Closet(s)
  • Washer

All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without notice. International currency conversions where shown are estimates based on recent exchange rates and are not official asking prices.

All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer.