Active

$1,575,000

Features:
  • 4 Bedrooms
  • 4 Bathrooms
  • 2871 sq ft
Overview
  • ID: MFRTB8464657
  • Bedrooms: 4
  • Bathrooms: 4
  • Size: 2871 sq ft
Property Details
Remarks
This Solid block building directly across from the sugary sands of Sunset Beach, is a rare opportunity to own a four-unit property in the heart of the highly sought-after Sunset Beach neighborhood. Located directly across the street from Sunset Beach access, the property offers a location that consistently appeals to both long-term tenants and short-term renters. Sunset Beach is known for its quiet, walkable streets, limited inventory, and authentic coastal charm, making it one of the most desirable and tightly held areas along the Gulf Beaches.The property consists of four one-bedroom, one-bath units, all currently occupied by annual tenants and operated as unfurnished long-term rentals. Each unit is separately metered for electric, and the building includes shared laundry facilities, upstairs and downstairs patios, ample parking, and additional storage. As currently operated, the property provides steady income with an estimated cap rate of approximately 5%. For a buyer looking ahead, there is clear upside potential. Given its beachside location and layout, the highest and best use of the property is as a short-term or seasonal rental operation, where projected returns could increase to approximately 7–9%, subject to local regulations. This flexibility allows a new owner to enjoy reliable income today while maintaining the option to reposition the property in the future and take full advantage of its exceptional Sunset Beach location. Brand new coin operated landry offsets most of the common power and water for the building *Bottom 2 units were flooded during Hurricane Helene and were remediated with permits. All zoning nd other material facts should be verified by the buyer an or their agent. DO NOT DISTURB TENANTS
Financial Considerations
Price:
$1,575,000
HOA Fee:
N/A
Tax Amount:
$0
Price per SqFt:
$548.59
Tax Legal Description:
SUNSET BEACH UNIT 1 BLK 3, PT OF LOTS 3 & 4 DESC BEG MOST S'LY COR OF LOT 4 TH N26DW 100FT TH N64DE
Exterior Features
Lot Size:
5502
Lot Features:
City Limits, Landscaped, Near Public Transit, Paved
Waterfront:
No
Parking Spaces:
N/A
Parking:
Guest, Open
Roof:
Shingle
Pool:
No
Pool Features:
N/A
Interior Features
Bedrooms:
4
Bathrooms:
4
Heating:
Electric, Heat Pump
Cooling:
Central Air
Appliances:
Convection Oven, Dishwasher, Dryer, Microwave, Refrigerator, Washer
Furnished:
Yes
Floor:
Ceramic Tile, Luxury Vinyl, Wood
Levels:
N/A
Additional Features
Property Sub Type:
Quadruplex
Style:
N/A
Year Built:
1947
Construction Type:
Block
Garage Spaces:
No
Covered Spaces:
N/A
Direction Faces:
N/A
Pets Allowed:
Yes
Special Condition:
None
Additional Features:
Awning(s), French Doors, Lighting, Rain Gutters, Storage
Additional Features 2:
N/A
Map
  • Address
    8301 W GULF BLVD
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