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134 86TH TERRACE

Multi-family For Sale
$1,450,000

BTC: 24.00662252

ETH: 909.26763195

New
4 bds
3,116 sqft

Overview

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.

Location

Details

Type:
Residential Income
Parking:
No Data
Year Built:
1941
Lot:
0.09 Acres
Heating:
Electric
Price/sqft:
$465
Cooling:
Central Air
HOA:
No Data

Highlights

Annual tax
$15,738
2024
All facts and features
  • Flooring

    • Laminate

    • Luxury Vinyl

    • Hardwood

    Heating

    • Electric

    Cooling

    • Central Air

    Appliances

    • Convection Oven

    • Dryer

    • Electric Water Heater

    • Ice Maker

    • Microwave

    • Refrigerator

    • Washer

    Other interior features

    • Ceiling Fan(s)

    • Kitchen/Family Room Combo

    • Living Room/Dining Room Combo

    • Open Floorplan

    • Primary Bedroom Main Floor

    • Stone Counters

    • Walk-In Closet(s)

    Bedrooms and bathrooms

    • Bedrooms: 4

  • Property

    • Exterior Features: Other

    Lot

    • Lot: 0.09 Acres

    Other Property Information

    • Parcel Number: 253115384120000270

  • Type and style

    • Property Type: Residential Income

    • Property Sub Type: Quadruplex

  • Utility

    • Electricity Connected

    • Public

    • Sewer Connected

    • Water Connected

  • Other financial information

    • Annual tax amount: $15,738

  • Source details

    • MLS ID: TB8524476

    Other facts

    • Construction Materials: Other

    • Foundation Details: Pillar/Post/Pier

    • Laundry Features: Common Area / Electric Dryer Hookup / Inside / Outside / Same Floor As Condo Unit / Washer Hookup

    • Window Features: Aluminum Frames

    • Living Area: 3116

    • Water Source: Public

    • Lot Size Dimensions: 80 x 50

    • Subdivision Name: HERRONS SUB 6

Private inquiry
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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 ©2026-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: COLDWELL BANKER REALTY