BEDS4
BATHS
SQUARE FEET2,871
MLS#TB8464657
STATUSActive
PROPERTY TYPEMulti Unit - Multiple
SUBDIVISIONSUNSET BEACH
Property 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
Property Features
Property Type: Multi Unit - Multiple
Cooling: Central Air
Heating: Electric, Heat Pump
Lot Size: 0.13 Acres
Roof Type: Shingle
Taxes: $13,587
Year Built: 1947
Amenities
Built-in Features
Ceiling Fans(s)
Walk-In Closet(s)
Awning(s)
French Doors
Lighting
Rain Gutters
Storage
Feature Descriptions
Additional Rooms: Interior In-Law Suite w/No Private Entry, Storage Rooms
Annual Net Income: 72000.00
Appliances: Convection Oven, Dishwasher, Dryer, Microwave, Refrigerator, Washer
Community Features: Park, Playground
Days on Site: 83
Directions: Blind Pass rd north to w. Gulf Blvd turn left and proceed to address
Exterior: Block
Fireplace: Decorative
Fireplace Y/N: Yes
Flood Zone Code: VE
Flooring: Ceramic Tile, Luxury Vinyl, Wood
Foundation: Slab
Home Warranty Y/N: No
Listing Terms: Assumable, Cash, Conventional, FHA, VA Loan
Lot: City Limits, Landscaped, Near Public Transit, Paved
Lot Dimensions: 0.13
Ownership: Fee Simple
Parking: Guest, Open
Parking Notes: Guest, Open
Patio/Porch: Patio, Rear Porch
Pets Allowed: Yes
Property Attached Y/N: No
Property Sub-Type: Quadruplex
Sewer: Public Sewer
Showing Instructions: Appointment Only, Call Listing Agent
Special Sale Provisions: None
Special View Info: Water
Units: 4
Utilities: BB/HS Internet Available, Electricity Connected
Water: Public
Water Access: Beach
Water Access Y/N: Yes
Windows: Double Pane Windows, ENERGY STAR Qualified Windows
Zoning: M
Listed By / Shown By
Listed By
Agency Name: GULFSIDE REALTY SALES
Agency Contact: 727-272-1618
Shown By
Agency Title: RealtyMark
Agency Phone: 888-240-0600
Estimate Your Payment
Estimated Payment
$ 4,895.51 per month $3,327.22 Principal & Interest $1,132.25 Property Tax $436.04 Homeowner's InsuranceChange Payment Information
8301 W Gulf Boulevard | MLS# TB8464657
This multi-family property located at 8301 W Gulf Boulevard, Treasure Island, FL 33706 is currently listed for sale with an asking price of $1,495,000. Search Treasure Island real estate on www.realtymark.net today.