172 107TH AVENUE

LOCATION< LOCATIONLOCATION!!! In the heart of downtown Treasure Island just a block from Beach & Beach Access. This is a five-unit, mix use commercial building. Unique & Unusual in every way. There are two ground floor commercial units fronting107th Ave near Gulf Blvd. across from the Clock Tower. These two units are underlease. One of the commercial units is 1,500 sq. ft. and the other unit is 3,000 sq. ft. (Paradise Spa). The second floor consists of 3 residential units: 2 - 1-bedroom/ 1 bath units and 1 - 2-bedroom 1.5 Bath w/laundry. This unit has a very large game/hobby room at the rea of it. Could possibly be developed as a 4th unit. All units are under lease. The residential units have had the baths upgraded. All three residential units shar a private common exterior patio area. It is a 20' x 32' second story Sun Deck in the rear of the building. All utilities are paid for by the tenants except water, sewer & trash. Top grade roof membrane installed +/- 11 years ago and come with a 20 year warranty. Sale includes the deeded parking lot with 11 spaces in from and two in the rear. This is an extremely convenient location in easy walking distance to Publix, Bankos, Hotels/Motels, Restaurants/Bars and of course the Gulf of Mexico. This is a Minimal Maintenance Turnkey property. Owner will consider POSSIBLE OWNER FINANCING (secured by other assets) or other properties as Partial Exchange/Trade for a portion of the purchase price. This is a one-of-a-kind Investment: Fully Rented, solid Cash Flow, Great Exposure and the term Location/ Location doesn't say enough.