Property Description

Fantastic Sunset Beach Location! This solid block fourplex offers an exceptional location in one of Treasure Island's most sought-after beach neighborhoods. With the sand just across the street, residents can enjoy morning beach walks, Gulf sunsets, and the relaxed atmosphere that makes Sunset Beach a favorite for year-round and seasonal living.The property features four one-bedroom, one-bath residences, with two currently rented to annual tenants. Features include separately metered electric, upstairs and downstairs patios, ample parking, additional storage, and new coin-operated laundry equipment. According to the owner, laundry income offsets most common-area electric and building water costs.Two vacant units give new owners immediate flexibility to pursue furnished monthly and seasonal rentals, with a one-month minimum and up to five rental periods per year. Each unit operated as a furnished monthly rental offers projected annual gross income potential of $26,000-$36,000, creating an opportunity to increase income while the two occupied units provide an established income stream. Projections are estimates, depend on rental rates and occupancy, and are not guaranteed. A pro forma is available for review.The roof was replaced in 2023 and Hurricane/Impact windows were installed throught out in 2020.The two ground-floor units experienced flooding during Hurricane Helene and were remediated with permits. Buyers should verify rental restrictions, zoning, income, expenses, and all other material facts. PLEASE DO NOT DISTURB TENANTS.

Property Features