Active

$1,100,000

Features:
  • 6 Bedrooms
  • 4 Bathrooms
  • 2032 sq ft
Overview
  • ID: MFRTB8445637
  • Bedrooms: 6
  • Bathrooms: 4
  • Size: 2032 sq ft
Property Details
Remarks
CALLING ALL INVESTORS OR LOCALS WHO AREN'T SCARED TO MAKE $$!! YOU HAVE TO LOOK & WILL SEE THE POTENTIAL!!! Waterfront 4 unit value/add opportunity on the Intra-coastal with dock and flexible redevelopment potential. This is not a turnkey property and that’s exactly where the opportunity lies here! Located on one of the most popular intra-coastal locations in the heart of St. Pete Beach, Boca Ciega Drive offers a rare chance to acquire a waterfront multi-unit asset in a market where inventory continues to tighten and finished properties are priced at a PREMIUM! The existing footprint includes four units configured as two 2 bedroom, 1 bath units (potential) and two 1 bedroom, 1 bath units, providing multiple paths for repositioning depending on your investment strategy. The property sustained hurricane impact and requires renovation, but retains strong structural fundamentals, existing density, and a location that supports long term value and rental demand. Investors will appreciate the flexibility: Restore the 4 unit configuration for maximum income potential, Reconfigure into a duplex or triplex with larger, premium units or create a hybrid use with personal occupancy and rental income. With direct water access and a private dock, future tenants or guests can enjoy boating, kayaking, and sunset views, features that consistently command premium rents in this market. Create equity through execution rather than pay for it upfront!
Financial Considerations
Price:
$1,100,000
HOA Fee:
N/A
Tax Amount:
$6287.19
Price per SqFt:
$541.34
Tax Legal Description:
BAYSIDE 4TH ADD TO ST PETE BEACH BLK 1, LOT 2 & RIP RTS
Exterior Features
Lot Size:
6233
Lot Features:
Flood Insurance Required, City Limits, Landscaped, Near Golf Course, Near Marina, Near Public Transit, Sidewalk, Paved
Waterfront:
Yes
Parking Spaces:
N/A
Parking:
Driveway, Open
Roof:
Other
Pool:
No
Pool Features:
N/A
Interior Features
Bedrooms:
6
Bathrooms:
4
Heating:
Central, None
Cooling:
Central Air, Wall/Window Unit(s)
Appliances:
N/A
Furnished:
Yes
Floor:
Terrazzo
Levels:
N/A
Additional Features
Property Sub Type:
Quadruplex
Style:
N/A
Year Built:
1956
Construction Type:
Block
Garage Spaces:
No
Covered Spaces:
N/A
Direction Faces:
N/A
Pets Allowed:
No
Special Condition:
None
Additional Features:
Fence, Sidewalk
Additional Features 2:
30 Day Minimum, Buyer to confirm all leasing restrictions with City/County.
Map
  • Address
    7815 BOCA CIEGA DR
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