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Property
Beds
2
Full Baths
2
1/2 Baths
None
Year Built
1947
Sq.Footage
720
ozy 2-Unit Beach Cottage! This is an incredible investment opportunity that comes fully furnished and turn-key. You can enjoy absentee ownership with a property manager living next door to handle all responsibilities, including all communication with guests and overall management of the two units. Seller spends an average of 1 hour per month on this investment. The cottage has a fantastic track record on Airbnb, boasting a 4.85 out of 5-star rating from more than 700 reviews. Both units are close to 100% rented through July and are filling up quickly for the rest of the year, meaning you can start receiving income the very day you close. The cottage is ideally situated only steps from Indian Shores beach. Plus, conveniently located just across the street is a Coffee shop; a Beach store; Bike and scooter rental; other shops; a Bar and Restaurant with a trolley stop and pedestrian crosswalk about 50 feet away. The units are consistently kept modern and up-to-date. The cottage has been generating income for several years. The average gross revenue for the most recent years is over $90,000 annually, providing a higher than 6% CAP rate. Contact the agent/owner for further details and links to the Airbnb listings. The longtime property manager is also interested in continuing with the new owner, which is a huge plus! Enjoy the beautiful Gulf beaches—just steps away from the sand and the Gulf of Mexico, with plenty of restaurants and shopping nearby. It's a perfect spot and a great investment!
Features & Amenities
Interior
-
Other Interior Features
Open Floorplan, Stone Counters
-
Total Bedrooms
2
-
Bathrooms
2
-
Fireplace YN
NO
-
Heating YN
YES
-
Heating
Electric, Heat Pump
-
Pet friendly
N/A
Exterior
-
Garage
No
-
Construction Materials
Frame, Wood Siding
-
Other Exterior Features
Lighting
-
Parking
Open
-
Patio and Porch Features
Front Porch, Patio, Rear Porch
-
Pool
No
-
Waterfront YN
NO
-
View
Beach, Water
Area & Lot
-
Lot Features
Paved
-
Lot Size(acres)
0.04
-
Property Type
Residential
-
Property Sub Type
Single Family Residence
Price
-
Sales Price
$767,000
-
Tax Amount
$5,602
-
Sq. Footage
720
-
Price/SqFt
$1,065
HOA
-
Association
No
School District
-
Elementary School
Bauder Elementary-PN
-
Middle School
Seminole Middle-PN
-
High School
Seminole High-PN
Property Features
-
Ownership
Fee Simple
-
Senior Community YN
NO
-
Sewer
Public Sewer
-
Tax Lot
2
-
Water Source
Public
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Location
County
Pinellas
Elementary School
Bauder Elementary-PN
Middle School
Seminole Middle-PN
High School
Seminole High-PN
Listing Courtesy of Dave Hill , RE/MAX ALLIANCE GROUP
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Business Coach | Executive Sales Associate | Realtor®
Michael Graf
Call Michael today to schedule a private showing.
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