Active

$999,999

Features:
  • 4 Bedrooms
  • 3 Bathrooms
  • 2100 sq ft
Overview
  • ID: MFRTB8459701
  • Bedrooms: 4
  • Bathrooms: 3
  • Size: 2100 sq ft
Property Details
Remarks
PRICED TO MOVE BELOW $1M: Fully Turnkey Coastal Triplex – Saltwater Canal Frontage & 1 Block to the Beach! Investor's paradise or the ultimate coastal lifestyle pivot! Rarely do you find a fully renovated, 100% turnkey triplex approved for short-term/vacation rentals sitting right on a saltwater canal and just one block from the pristine sands of Indian Rocks Beach—all for under $1,000,000. Price adjusted significantly to meet the market, offering an unparalleled cap rate potential and immediate equity in a premier Florida beach corridor. The Property: This solid block-construction asset has been meticulously upgraded from top to bottom, offering an entirely maintenance-free, turnkey experience for today’s high-end vacationers or an owner-occupant looking to live for free. Unit 1 & 3: Two spacious, bright 2-Bedroom, 1-Bathroom units featuring in-unit washers and dryers (the #1 requested amenity for rental guests). Unit 2: A sleek, high-efficiency studio/1-bath layout, perfect for high-occupancy weekend travelers or an on-site manager’s quarters. Premium Upgrades Include: Brand-new contemporary kitchens with custom modern cabinetry, premium stone countertops, and sleek new appliances. Fully remodeled designer bathrooms featuring stylish tile work and high-end fixtures. Refreshed, ultra-durable coastal interiors built to withstand high-turnover rental use with minimal upkeep. Slab-on-grade block construction on an expansive 5,500+ sq ft lot with ample open parking for guests. The Location Advantage: Situated on the highly coveted East Gulf Blvd corridor, this property offers a rare "best of both worlds" layout. Enjoy 24 feet of direct saltwater canal frontage out your back door, perfect for paddle boarding, kayaking, or catching waterfront views. Turn around and walk exactly one block to the west to put your toes in the Gulf of Mexico. Guests can entirely bypass the car—boutique shopping, local culinary staples, and parks are all within casual walking distance. Versatile Investment Strategies: Pure Cash-Flow Play: Maximize short-term rental yields across all 3 units in a high-demand, year-round tourism sub market. The Coastal Life Hacking Strategy: Live in one unit as your private beach side retreat and let the other two units entirely pay your mortgage. Long-Term Wealth Preservation: Hold a fully renovated multifamily asset in a high-appreciating, land-constrained barrier island market. Sellers are highly motivated and ready to look at clean offers. Don't miss the window on this re-positioned luxury asset—schedule your tour today!
Financial Considerations
Price:
$999,999
HOA Fee:
N/A
Tax Amount:
$13914.38
Price per SqFt:
$476.19
Tax Legal Description:
BAHIA VISTA SUB LOT 68
Exterior Features
Lot Size:
5624
Lot Features:
Flood Insurance Required, FloodZone, City Limits, Paved
Waterfront:
Yes
Parking Spaces:
N/A
Parking:
N/A
Roof:
Other
Pool:
No
Pool Features:
N/A
Interior Features
Bedrooms:
4
Bathrooms:
3
Heating:
Central, Electric, Heat Pump
Cooling:
Central Air
Appliances:
Convection Oven, Cooktop, Dishwasher, Dryer, Electric Water Heater, Microwave, Range, Refrigerator, Washer
Furnished:
Yes
Floor:
N/A
Levels:
N/A
Additional Features
Property Sub Type:
Triplex
Style:
N/A
Year Built:
1959
Construction Type:
Block
Garage Spaces:
No
Covered Spaces:
N/A
Direction Faces:
N/A
Pets Allowed:
No
Special Condition:
None
Additional Features:
Lighting, Private Entrance, Private Mailbox, Sidewalk
Additional Features 2:
N/A
Map
  • Address
    717 E GULF BLVD
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