Turnkey Beachside Quadplex Sunset Beach, Treasure Island Fully Leased Investment Opportunity Welcome to 135 86th Terrace, Treasure Island, an exceptional four unit income producing property located just steps from the ...


Property

Website:https://www.nestseekers.com/5610548
Address:
TREASURE ISLAND, FL 33706
Ownership: Fee Simple
Type: Unknown
Bedrooms: 4 BR
Bathrooms: 4
Lot Size: 0.1 Acres

Financials

Price:$1,450,000
Annual Taxes:$15,738

Description

Turnkey Beachside Quadplex | Sunset Beach, Treasure Island | Fully Leased Investment Opportunity Welcome to 135 86th Terrace, Treasure Island, an exceptional four-unit income-producing property located just steps from the sugar-white sands of Sunset Beach. Rarely does an investment opportunity combine a premier beach location, extensive renovations, professional management, and immediate cash flow into one turnkey package. This fully leased quadplex features four spacious 1-bedroom, 1-bathroom units, each approximately 750 square feet, thoughtfully renovated with modern flooring, fresh interior paint, updated kitchens, appliances, central HVAC, and attractive finishes designed to maximize tenant appeal. Every unit is occupied with annual leases in place, creating reliable, immediate rental income from day one. Recent capital improvements provide peace of mind for years to come, including new HVAC systems installed in 2025 with elevated condensers, new exterior decks, updated electrical panels, and convenient on-site indoor laundry facilities. Each unit also includes its own assigned outdoor storage area, providing tenants with dedicated space for beach chairs, bicycles, paddleboards, fishing gear, and other beach essentials. The low-maintenance design and recent upgrades make this a true plug-and-play investment. Beach access is directly across the street, allowing tenants to enjoy one of Florida's most desirable coastal lifestyles. Residents are within walking distance of local favorites including Caddy's Treasure Island and Ka'Tiki, while also enjoying convenient access to St. Pete Beach, Downtown St. Petersburg, Clearwater Beach, shopping, dining, entertainment, and Tampa International Airport. Current annual leases generate monthly rents of $1,975 (Unit 1), $1,975 (Unit 2), $1,800 (Unit 3), and $2,250 (Unit 4), providing immediate, stable cash flow in one of Tampa Bay's most desirable beach communities. Whether you're expanding your rental portfolio, completing a 1031 Exchange, or utilizing a DSCR loan to acquire a cash-flowing asset, this property checks every box for today's investor. Opportunities like this are increasingly difficult to find—a professionally managed, fully occupied, recently renovated beachside quadplex in a prime location with immediate income and long-term appreciation potential. PLEASE DO NOT DISTURB TENANTS OR WALK THE PROPERTY WITHOUT A CONFIRMED APPOINTMENT. Private showings are available by appointment only.

Amenities

  • Aluminum Frames
  • Ceiling Fans(S)
  • Convection Oven
  • Dryer
  • Electricity Connected
  • Electric Water Heater
  • Ice Maker
  • Kitchen Family Room Combo
  • Living Room/Dining Room Combo
  • Microwave
  • Open Floorplan
  • Other
  • Primary Bedroom - Main Floor
  • Public
  • Refrigerator
  • Sewer Connected
  • Stone Counters
  • Walk-In Closet(s)
  • Washer
  • Water Connected

Contact

888 Biscayne Blvd # Unit CU9 Miami, FL 33132
Listing Courtesy of COLDWELL BANKER REALTY

TREASURE ISLAND FL 33706 USA