Unique and unusual Treasure Island investment property (original family ownership): Two ground floor commercial units fronting 107th Ave near Gulf Blvd. in downtown Treasure Island as follows: 1,500 sq. ft. commercial unit and a 3,000 sq. ft. commercial unit (Paradise Spa) Second story consisting of 3 residential units as follows: 2- 1 bedroom/1 bath and 1-2 bedroom/1.5 bath with laundry. Shared (common exterior area) private 20’ x 32’ second story, sun deck in rear. All units on 1 year leases and the residential units have been extensively upgraded (Kitchens, baths, paint, etc.)." …This property commanding more than $12.00 per sq. ft…. Owner pays insurance ($6,019) , WST ($450 monthly average), R. E Taxes ($13,130.00), and minimal maintenance (not triple net)...Turn-key operation… Top grade roof (membrane) only 9 years old with 20 year warrantee (per owner)… All units central HVAC, (one brand new)... Sale includes deeded parking for 11 in front plus 2 in rear. Extremely convenient locale with walking distance to Publix, multiple restaurants/bars, Banks, hotels and motels, and the Gulf of Mexico (less than one block).
Listing courtesy of CENTURY 21 JIM WHITE & ASSOC.
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