$2,900,000

122 Coral Avenue Redington Shores, FL 33708 Multi Unit - Multiple Pending

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Description

Prime Investment Opportunity: Fully Renovated ~ 8 unit ~ Airbnb Property Steps from the BeachNestled less than 450 feet from public beach access, this exceptional property offers an unparalleled opportunity for short-term rental success. Zoned Commercial Tourist Facilities (CTF), it is approved for nightly rentals, making it the perfect choice for an investor looking for passive income along the Gulf Coast Beaches.Property Highlights;Complete Renovation: This property has been meticulously upgraded, including a durable aluminum PVD-plated roof, custom impact-resistant windows, and a full electrical rewire with new panels for optimal safety.Gourmet Kitchens & Spa-Inspired Bathrooms. Each unit features a sleek, European-style kitchen with quartz countertops, glass backsplashes, and premium appliances. The bathrooms have been tastefully updated, new showers, vanities, and modern fixtures.Premium Finishes: No detail has been overlooked, from the Stiebel tankless water heaters and new mini-split AC systems in 7 of the 8 units to the eco-friendly Cali bamboo long plank flooring.Cohesive Aesthetic: Every unit shares a uniform, coastal luxury design with the same exquisite materials, including a newly installed permeable paver system and durable new stucco with advanced lathe for long-lasting results.Outdoor Potential: The property is primed for additional amenities, with power already run underground for a 12-person hot tub in the beautiful central courtyard. There is also ample space to add a pool or spa/hot tub.Ideal Location: Situated within a block of several popular restaurants and bars, this property also features 8 on-site parking spots for added convenience.With its impeccable design, unbeatable location, and turn-key status, this property is a prime opportunity for generating substantial income through short-term rentals. Dont miss out on your chance to own this stunning slice of coastal paradise!(PORTFOLIO PACKAGE AVAILABLE; Property can be purchased with 2116/2114 1st St, Indian Rocks Beach, and/or 2605 Bay Blvd, Indian Rocks Beach)

Property Highlights

Property Type: Multi Unit - Multiple
Cooling: Central Air, Mini-Split Unit(s)
Heating: Central, Electric
Lot Size: 0.15 Acres
Roof Type: Metal
Taxes: $12,245
Year Built: 1951

General Information

Bedrooms: 5
Sqft: 3,354
County: Pinellas
Subdivision: HARBOR SHORES 2ND
Listed By:
Veronica Sierra CENTURY 21 BEGGINS 800-541-9923

Amenities

Ceiling Fans(s)
Open Floorplan
Stone Counters
Balcony
Courtyard
Lighting
Outdoor Shower
Rain Gutters
Sidewalk
Storage

Property Features

Annual Net Income: 212000.00
Days on Site: 270
Directions: Heading North on Gulf Blvd, Turn Left, First Building on the Left.
Exterior: Block
Flood Zone Code: AE
Flooring: Bamboo
Foundation: Slab
Home Warranty Y/N: No
Listing Terms: Cash, Conventional, FHA
Lot: Corner Lot, Flood Insurance Required, FloodZone, Sidewalk, Paved
Lot Dimensions: 0.15
Ownership: Fee Simple
Parking: Assigned, Golf Cart Parking, Guest
Parking Notes: Assigned, Golf Cart Parking, Guest
Patio/Porch: Covered, Front Porch, Patio, Porch, Rear Porch
Property Attached Y/N: No
Property Sub-Type: Multi-Family 5+
Sewer: Public Sewer
Showing Instructions: Appointment Only, Call Listing Agent
Special Sale Provisions: None
Special View Info: Water
Units: 8
Utilities: Cable Connected, Electricity Connected, Water Connected
Water: Public
Water Access: Beach, Gulf/Ocean
Water Access Y/N: Yes
Windows: Storm Window(s)
$2,900,000
5beds
3,354sqft
Pending
BEDS5 BATHS SQUARE FEET3,354 MLS#TB8398480
STATUSPending PROPERTY TYPEMulti Unit - Multiple SUBDIVISIONHARBOR SHORES 2ND

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122 Coral Avenue, Redington Shores, FL 33708.

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Estimated Payment

$ 11,647.46 per month $9,781.21 Principal & Interest $1,020.42 Property Tax $845.83 Homeowner's Insurance

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