$1,050,000 list price
location_onINDIAN ROCKS BEACH, FL 33785 · Pinellas County
Agent/Owner. DO NOT miss this opportunity to own a incredibly successful bungalow style vacation rental near the beach in IRB!!! This property is on the water, has an excellent rental history, and is just 1 and 1/2 blocks to the beach!! Each unit has 2 bedrooms and 1 bathroom and are mirror images of one another. The bungalow style duplex sits on a lot with a jungle feel surrounded by lush tropical foliage. The property is on a canal of the intracoastal waterway. Dolphins, manatee, rays, and many other types of aquatic life have been viewed from the large deck overlooking the water. A ladder has been installed on the seawall to assist with kayak and stand up paddle launches. There are many outdoor seating areas to enjoy. In addition to the deck overlooking the canal, each unit has a large covered front porch. There is a picnic table and bench swing in the front yard and an additional seating area off the back of Unit A. A new modified bitumen roof was installed in 2022. Both units are well maintained and appointed. Unit B has recent updates to include new kitchen counters, refinished cabinets, new tile backsplash, and new vinyl flooring. The units are separated by 2 small rooms with block wall construction which eliminates noise between the two units. One of the rooms is utilized as the laundry room for the units. The other is a storage room. There are no minimum rental period restrictions on vacation rentals in IRB! IRB is a fantastic community with year round events, surf shops, local parks, nature preserves, as well as bars, restaurants, etc. The annual IRB Christmas boat parade can be viewed from the deck overlooking the canal. Unit A has been utilized as a vacation rental. Owner has experienced high occupancy rates and has built a successful rental business inclusive of many return clients including repeat/month-long renters in Jan, Feb, and March totaling over $13k in revenue for that time period. Unit B has been owner occupied. Unit B is the preferable unit as it is closer to the water and has more recent updates. It is anticipated that Unit B should generate higher revenue than Unit A should it be utilized as a rental. Flood policy on the home is transferrable.
Appliances
Flooring
Cooling
Heating
Construction
Roof
Waterfront
View
$210,000 down
Loan amount $840,000
Estimated monthly principal & interest
$5,309
Estimate excludes taxes, insurance, HOA dues, PMI, lender fees, and financial advice.
REALEAN EVOLVE REAL ESTATE
727-755-1995
