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141 104th AVENUE, Treasure Island, FL, 33706 | $1,700,000
Under contract-accepting backup offers. Amazing income property on Treasure Island!
Incredible potential with this established 4 unit property located in the heart of Treasure Island. The main building sits on the Intercoastal and is only 1/2 a block from Treasure Island Beach. Minutes from Sunset Beach, St Pete Beach, Madeira Beach and 15 miles from Florida's famous, Clearwater Beach. So many areas and places to explore in close proximity to this location. Various sites and attractions that are "uniquely Florida" are in the immediate area: the iconic Thunderbird Hotel, Johns' Pass Boardwalk, and the St Pete Pier to name a few.
The 3 units in the larger structure along the intercostal were used by the current owner as an AirBnB. This building consists of one 2 bedroom, 1 bath unit (Unit A) that is approx. 810 sq ft; and 2 - 1 bedroom, 1 bath units with one of them approx. 750 sq ft (Unit B) and the other 1 bedroom, 1 bath unit (Unit C) approx. 694 sq ft. Units A and B sit on the intercoastal and have spectacular water views from both living rooms as well as the main bedrooms. The other structure that sits along 104th Ave was a long-term rental and is a 1 bedroom, 1 bath and just under 900 sq feet. There are carports for each unit and 2 laundry room spaces onsite.
As the pictures attest, the property sustained some damage from hurricanes Helene and Milton. The current owner has had the compromised material removed; flooring, drywall, appliances, etc. However, many of the items still in the units, the upper cabinets, the outlets, microwave and mini-splits were still in working order when last checked. Some electrical work has been completed and many of the windows were new and look to be in great condition. This property was owned, loved on, and cherished by the same family for over 45 years and eagerly awaits it's new owners! Endless possibilities with this property!
Complete transparency so please feel free to reach out with any questions.
Expected rents listed are based on comps for Treasure Island and are estimated.
Seller pays for Title and selects Cloud Title.
Features
- Bedrooms: 5
- Units: 4
- Laundry: Laundry Closet, Washer Hookup
- Year Built: 1955
- Garage: Guest, Off Street
- Heating: Electric
- Cooling: Mini-Split Unit(s)
- Approx Sq. Feet: 3,140
- Acreage: 0.34
- Est. Taxes: $22,254
- Lot Desc: Flood Insurance Required, FloodZone
- View: Water
- Elem. School: Azalea Elementary-PN
- Middle School: Azalea Middle-PN
- High School: Boca Ciega High-PN
- Pet Policy: Cats OK, Dogs OK
- Lease Terms: >6 Months <12
- MLS#: TB8321492
- Days on Market: 2 days
- Website: https://www.raveis.com
/prop/TB8321492/141104thavenue_treasureisland_fl?source=qrflyer
Listing courtesy of EXP Realty LLC Phone: 888-883-8509
William Raveis Family of Services
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888.699.8876
Contact@raveis.com
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Melissa CohnRVP, Mortgage Banker, William Raveis Mortgage, LLC
NMLS Mortgage Loan Originator ID 16953
917.838.7300
Melissa.Cohn@raveis.com
Our Executive Mortgage Banker:
- Is available to meet with you in our office, your home or office, evenings or weekends
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Robert ReadeRegional SVP Insurance Sales, William Raveis Insurance
860.690.5052
Robert.Reade@raveis.com
Our Insurance Division:
- Will Provide a home insurance quote within 24 hours
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Encompass, Travelers, Fireman's Fund, Middleoak Mutual, One Beacon and American Reliable
141 104th AVENUE, Treasure Island, FL, 33706
$1,700,000
Customer Service
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
Melissa Cohn
RVP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 917.838.7300
Melissa.Cohn@raveis.com
NMLS Mortgage Loan Originator ID 16953
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5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
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|---|---|---|---|
| Loan Amount | $1,360,000 | $1,360,000 | $1,360,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 6.750% | 6.625% | 6.625% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 7.620% | 6.735% | 6.806% |
| Monthly Tax Payment | $1,855 | $1,855 | $1,855 |
| H/O Insurance Payment | $125 | $125 | $125 |
| Initial Principal & Interest Pmt | $8,821 | $8,708 | $11,941 |
| Total Monthly Payment | $10,800 | $10,687 | $13,920 |
* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan.
** Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable rate mortgages [if applicable], are subject to change without prior notice.
The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.
William Raveis Mortgage, LLC, NMLS ID 2630, 7 Trap Falls Road, Shelton, CT 06484
FL Mortgage Lender MLD1388