Residential Property - Single Family Residence in Indian Shores
Listing Price: $747,000
Description of Property
Cozy 2-Unit Beach Cottage! This is an incredible investment opportunity that comes fully furnished and turn-key. You can enjoy absentee ownership with a property manager living next door to handle all responsibilities, including all communication with guests and overall management of the two units. Seller spends an average of 1 hour per month on this investment. The cottage has a fantastic track record on Airbnb, boasting a 4.85 out of 5-star rating from more than 700 reviews. Both units are close to 100% rented through July and are filling up quickly for the rest of the year, meaning you can start receiving income the very day you close. The cottage is ideally situated only steps from Indian Shores beach. Plus, conveniently located just across the street is a Coffee shop; a Beach store; Bike and scooter rental; other shops; a Bar and Restaurant with a trolley stop and pedestrian crosswalk about 50 feet away. The units are consistently kept modern and up-to-date. The cottage has been generating income for several years. The average gross revenue for the most recent years is over $90,000 annually, providing a higher than 6% CAP rate. Contact the agent/owner for further details and links to the Airbnb listings. The longtime property manager is also interested in continuing with the new owner, which is a huge plus! Enjoy the beautiful Gulf beaches—just steps away from the sand and the Gulf of Mexico, with plenty of restaurants and shopping nearby. It's a perfect spot and a great investment!
Property Details At A Glance
Property Type: Residential
Property Use or Sub Type: Single Family Residence
City: Indian Shores
County: Pinellas
Subdivision: Indian Rock South Shore
Bedrooms: 2
Bathrooms: 2
Sq. Ft. Gross: 768
Sq. Ft. Living Area: 720
Cost per (heated) sqare foot: $1,038
Year built: 1947
Annual Tax: $5,602
Taxes and fees can change periodically, and other fees may apply. Please check with your Realtor for more details.
Appliances: Washer
Window Features: Blinds
Flooring: Vinyl
Schools
Elementary School: Bauder Elementary-PN
Middle/Junior High School: Seminole Middle-PN
High School: Seminole High-PN
Pool & Waterfront Info
Private Pool: Not specified
Water Access: Yes
Water Access Type: Beach
Exterior & Construction
Construction: Wood Siding
Foundation: Crawlspace
Roof: Shingle
Exterior Features: Lighting
Parking Features: Open
Floors in Unit: One
Cooling: Mini-Split Unit(s)
Heating & Fuel: Heat Pump
Patio & Porch Features: Rear Porch
Security Features: Smoke Detector(s)
View: Water
Sewer: Public Sewer
Water Source: Public
Lot Information
Lot Features: Flood Zone
Lot Size (acres): 0.04
Lot Size (sq. ft.): 1,573 square feet
Lot Dimensions: 36 x 45
Road Frontage: Street Paved
Front Exposure: North
Legal Description & Other Information
Financing Available: Other
Parcel Number: 243014429120040022
Tax Legal Desc.: INDIAN ROCK SOUTH SHORE BLK 4, PART OF LOTS 1 & 2 DESC AS FROM NE COR SD LOT 2 TH W'LY 79.03FT FOR POB TH W'LY ALG N LOT LN 35.9 FT TH SE'LY 43.77FT TH E'LY ALG S LOT LN 36.25FT TH NW'LY 43.77FT TO POB (PARCEL B2)
Section: 24
Range: 14
Listing courtesy of RE/MAX ALLIANCE GROUP. The information relating to real estate for sale on this website comes in part from the My Florida Regional MLS DBA Stellar MLS. This information is provided exclusively for consumers' personal, non-commercial use. It may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data is deemed reliable but is not guaranteed accurate by the MLS.
