8 UNIT WATERFRONT APARTMENT BUILDING 11955 3RD … · 11955 3rd st e rent roll unit number type of...
3
8 UNIT WATERFRONT APARTMENT BUILDING Excellent opportunity to purchase an 8 unit waterfront apartment building just a short distance from the Gulf of Mexico in the desirable Treasure Island beach community. Unit mix consists of four 2br/1ba and four 1br/1ba apartments Tenants pay their own electric bills; landlord pays water/sewer/garbage, which could be sub metered and eliminated as a cost. Property totals about 9,800 square feet, with 70’ frontage on the intracoastal waterway, a nice dock and room for boat slips; open waters to the Gulf close by This 1966 two story block building offers 5,856 square feet of rentable space, resulting in spacious units, four of which overlook the beautiful waterfront. All tenants are on annual leases This property would be ideal for a conversion to condominiums in the future. Smith & Associates Real Estate, does not guarantee any representations. Important facts should be confirmed by buyer. FOR SALE - $ 1,499,000 11955 3RD STREET E., TREASURE ISLAND PAT CALHOON, COMMERCIAL BROKER CALHOON COMMERCIAL GROUP Specializing in: Apartments | Strip Centers | Retail Office Buildings | Warehouses | Motels DIRECT 727.542.0998 | OFFICE 727.282.1788 | [email protected] CALHOONCOMMERCIAL.COM
Transcript of 8 UNIT WATERFRONT APARTMENT BUILDING 11955 3RD … · 11955 3rd st e rent roll unit number type of...
8 UNIT WATERFRONT APARTMENT BUILDING
Excellent opportunity to purchase an 8 unit waterfront apartment building just a short distance fromthe Gulf of Mexico in the desirable Treasure Island beach community.
Unit mix consists of four 2br/1ba and four 1br/1ba apartments
Tenants pay their own electric bills; landlord pays water/sewer/garbage, which could besub metered and eliminated as a cost.
Property totals about 9,800 square feet, with 70’ frontage on the intracoastal waterway,a nice dock and room for boat slips; open waters to the Gulf close by
This 1966 two story block building offers 5,856 square feet of rentable space, resulting inspacious units, four of which overlook the beautiful waterfront.
All tenants are on annual leases
This property would be ideal for a conversion to condominiums in the future.
Smith & Associates Real Estate, does not guarantee any representations. Important facts should be confirmed by buyer.
FOR SALE - $ 1,499,000
11955 3RD STREET E., TREASURE ISLAND
PAT CALHOON, COMMERCIAL BROKERCALHOON COMMERCIAL GROUP
Specializing in: Apartments | Strip Centers | Retail Office Buildings | Warehouses | Motels
DIRECT 727.542.0998 | OFFICE 727.282.1788 | [email protected]
8 UNIT WATERFRONT APARTMENT BUILDINGFOR SALE - $ 1,499,000
11955 3RD STREET E., TREASURE ISLAND
Smith & Associates Real Estate, does not guarantee any representations. Important facts should be confirmed by buyer.
PAT CALHOON, COMMERCIAL BROKERCALHOON COMMERCIAL GROUP
Specializing in: Apartments | Strip Centers | Retail Office Buildings | Warehouses | Motels
DIRECT 727.542.0998 | OFFICE 727.282.1788 | [email protected]
11955 3RD ST E RENT ROLL
UNIT NUMBER TYPE OF UNIT MONTHLY RENT
EXPIRATION DATE
LENGTH OF TENANCY
1 1BR/1BA 1,050 03/31/20 1 ½ YEARS
2 1BR/1BA 975 06/30/20 NEW LEASE
3 2BR/1BA 1,425 09/30/20 1 YEAR
4 2BR/1BA 1,200 05/31/20 4 YEARS
5 1BR/1BA 1,050 08/31/20 NEW LEASE
6 1BR/1BA 900 08/31/20 6 YEARS
7 2BR/1BA 1,550 06/30/20 3 YEARS
8 2BR/1BA 1,200 Mo‐to‐Mo 3 YEARS
INCOME 112,200
EXPENSES
REAL ESTATE TAXES 12,617
INSURANCE 4,000
HOUSE ELECTRIC 350
WATER/SEWER/GARBAGE 6,512
REPAIRS/MAINTENANCE 4,488
THE ABOVE EXPENSES REPRESENT AN OWNER OPERATED SCENARIO
THE REPAIRS AND MAINTENANCE ARE PROJECTED, AND WOULD NOT INCLUDE ANY CAPITAL IMPROVEMENTS
THE SELLERS DO NOT CARRY FLOOD INSURANCE
Smith & Associates does not guarantee any representations. Important facts should be confirmed by the Buyer
