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11295 3RD STREET E

Multi-family Recently Sold
$1,300,000

BTC: 13.07189542

ETH: 394.56950949

Sold on: 2022-05-03
New
Waterfront
0 room(s)
2,669 sqft
Est. Estimated sales range: $0 - $0
$0

Overview

Turnkey, waterfront multi-family (5-unit) property in the desirable Isle of Palms neighborhood of Treasure Island. One of the widest canals on all the beaches with great, open water views! The property offers 5 clean apartments with tile flooring throughout. Enjoy an easy walk to the local beaches and the neighborhood park. Building offers a 2-bed/1-bath unit with spectacular views, two (2) 1-bed/1-bath units, and two (2) efficiencies (both will remain vacant until property sells). The building could easily be converted to consist of three (3) 2-bed units if desired. Additionally, the property offers a boat/fishing dock (2005), on-site laundry, adequate parking and newer seawall cap (2005). Roof redone in 2017 and most windows/doors are now hurricane impact. All units are individually metered for electric. All existing tenants are month to month. Great value-add property with below market rental rates in place and strategic cosmetic updating. Great investment property or occupy a unit for yourself and let the tenants pay your mortgage. Cash flow and land bank scarce waterfront asset in booming area of Florida = win/win!

Location

Florida • TREASURE ISLAND • 33706 • Multi-family • Recently Sold • Waterfront

Facts and features

Type:
Residential Income
Parking:
Off Street
Year Built:
1957
Lot:
0.15 Acres
Heating:
Wall Units / Window Unit
Price/sqft:
$487
Cooling:
Wall/Window Unit(s)
HOA:
No Data
All facts and features

  • Flooring

    • Tile

    Heating

    • Wall Units / Window Unit

    Cooling

    • Wall/Window Unit(s)

    Appliances

    • Range

    • Refrigerator

    Other interior features

    • Window Treatments

  • Parking

    • Off Street

    Property

    • Levels: One

    • Exterior Features: Sidewalk / Storage

    Lot

    • Lot: 0.15 Acres

    Other Property Information

    • Parcel Number: 233115434700060470

    • Zoning: RM-15

  • Type and style

    • Property Type: Residential Income

    • Property Sub Type: Multi Family

  • Utility

    • Cable Connected

    • Electricity Connected

    • Sewer Connected

    • Street Lights

    • Water Connected

  • Other financial information

    • Annual tax amount: $8,268

  • Source details

    • MLS ID: U8155380

    Other facts

    • Construction Materials: Concrete

    • Foundation Details: Slab

    • Laundry Features: Laundry Room / Outside

    • Lot Features: FloodZone / City Lot / Level / Near Marina / Sidewalk

    • Waterfront: Yes

    • Living Area: 2669

    • Water Source: Public

    • Lot Size Dimensions: 52' x 130'

    • Subdivision Name: ISLE OF PALMS

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The multiple listing information is provided by the Stellar MLS from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2024-present Stellar MLS. All Rights Reserved. The information provided is for consumers' personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified. Listing courtesy of: BARKETT REALTY