3200 Gulf Boulevard Unit: 111

3200 Gulf Boulevard Unit: 111, Belleair Beach, FL 33786 MLS# U8120676 Residential Listing Status: Active
1
1
460 sqft

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13
0
0
0

REMARKS:

This rare offering WILL NOT LAST LONG. Gulf front, income producing unit with NO RENTAL RESTRICTIONS. Enjoy paradise on Belleair Beach, where you can relax in comfort and at the same time make an excellent passive income. Enjoy your days in the sun and your evenings on your Gulf front balcony enjoying sunsets at the Beach! Enjoy cooking out on the barbecue grills or strolling the beach. Close to Sand Key Plaza. Short drive to airports. The offering is a turnkey one bedroom/one bathroom updated Gulf-front condo. The floor plan is open with a bedroom that boasts a comfortable queen-sized bed with full length mirror and two nightstands. Porcelain tile flooring, white quartz countertops, glass cooktop burner, and new white appliances complete the eat-in kitchen. The condo is 35 ft from the heated pool, which also faces the Gulf of Mexico. The unit is located on the bottom floor near the elevator and ramp for easy access to parking. Currently used as a vacation rental, the unit generated over $30,000 net yearly averaged over the past 2 years at a 6.6% cap rate. We are expecting to see a substantial increase in revenue for 2021 and beyond, as the pandemic resolves. Rental income available upon request. The building is currently undergoing deferred improvements that have already been priced into the HOA fees. The condo comes fully furnished, and the current owners are willing to provide the new owner with all existing bookings and a 2 week consultation service at no charge.

OVERVIEW:

Residential
Condominium
Active
Carriage House Beach Resort Condo
1984
Slab
Built-Up
Block, Stucco
460
5388
0.12
Covered, Open
Central, Electric
Central Air
Cable Connected, Electricity Connected, Public, Sewer Connected, Water Connected

FEATURES:

Outdoor Grill
Ceiling Fans(s)
Heated,In Ground
Cooktop, Microwave, Refrigerator
Pool,Waterfront
Cable TV,Pool,Insurance,Internet,Maintenance Structure,Maintenance Grounds,Maintenance,Pool,Sewer,Trash,Water
Pool
Gulf/Ocean
Gulf/Ocean
Water

ROOM INFO:

1
1
Blinds
Tile

FINANCIAL:

$450,000
$611
Monthly
$3,853
2020

NEIGHBORHOOD & SCHOOL INFORMATION:

 

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Data Last Updated: 05/06/2021, 4:46:00 AM

 

Listing information courtesy of COLDWELL BANKER RESIDENTIAL