12321 Gulf Boulevard
Treasure Island, FL 33706
- 10 beds
- 10 baths
- 4,846 sqft
- ~1/2 acre lot
- $679 per sqft
- 1948 build
- – on site
The Bungalows welcomes investors with an impressive 11 CAP RATE! This 10 unit plus office licensed hotel offers high income potential in its current use and intriguing value for future use of its four buildings and three parcels. A newly resurfaced pool and new pool equipment await guests. Two of the four buildings lay adjacent to the pool, offering multiple rentals just steps to a relaxing dip or lounging on the pool deck. The Bungalows offers studios, one and two bedroom units to appeal to all types of vacationers. Every unit features a kitchenette making them feel like a home away from home. The charm and pride of ownership also extends to the multiple outdoor spaces frequently raved about in reviews. Relax under shade, unwind in an Adirondack chair or play corn hole in the Florida sun - there are many options for outdoor enjoyment here. Each unit has direct access to outdoor areas made to feel like a private oasis for guests. This boutique hotel offers new roofs, HVAC and water heaters presenting the buyer with a low maintenance, tropical sanctuary. New floors and cabinets are just another highlight. Prime Gulf Blvd location with direct access to a crosswalk makes staying here a breeze for guests. The property is a two minute walk to Pinellas County's #1 tourist destination John's Pass Village & Boardwalk featuring shopping, restaurants, jet ski rentals, sunset cruises, fishing charters and live music. Treasure Island beach is located steps away and beacons guests to relax and stay a while. A boat ramp is located steps from this property making kayaking a breeze. Kayak, jet ski and floating tiki hut rentals routinely make arrangements to pick up guests here. This property is currently in the process of being renovated after receiving water intrusion from Hurricane Helene. Permits are already in place, giving the new owner the opportunity to be one of the first hotels reopening on the beaches and to take advantage of the busy winter and spring seasons. Additional 8 unit hotel for sale next-door, schedule your tour today.
Last checked:
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Checking…
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Last updated Nov 22, 2024
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MLS# TB8322059 —
The Building
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Year Built:1948
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New Construction:false
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Construction Materials:Concrete
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Roof:Metal
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Foundation Details:Slab
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# of Buildings:5
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Building Area Total:6332
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Building Area Units:Square Feet
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Building Area Source:Public Records
Interior
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Interior Features:Kitchen/Family Room Combo
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Fireplace:false
Room Dimensions
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Living Area:4846
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Living Area Units:Square Feet
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Living Area Source:Public Records
Location
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Directions:From Central Ave turn right onto Gulf Blvd. Turn right onto 124 Ave W. Parking spaces on right side of street.
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Latitude:27.778905
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Longitude:-82.779674
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Coordinates:-82.779674, 27.778905
The Property
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Parcel Number:153115177840110070
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Property Type:Residential Income
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Property Subtype:Multi Family
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Lot Size Acres:0.4
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Lot Size Area:17594
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Lot Size SqFt:17594
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Lot Size Units:Square Feet
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Total Acres:1/4 to less than 1/2
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View:false
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Exterior Features:Courtyard
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Water Source:Public
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Road Surface Type:Paved
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Flood Zone Code:AE
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Additional Parcels:true
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Additional Parcels Description:15-31-15-17784-011-0060, 15-31-15-17784-011-0050
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Lease Restrictions:false
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Land Lease:false
Listing Agent
- Contact info:
- Agent phone:
- (727) 459-5543
- Office phone:
- (727) 394-7365
Taxes
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Tax Year:2023
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Tax Lot:7
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Tax Block:11
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Tax Legal Description:CONEY ISLAND BLK 11, LOTS 7 AND 8, CONEY ISLAND BLK 11, LOT 6 LESS RD R/W; CONEY ISLAND BLK 11, LOT 5 LESS RD R/W
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Tax Book Number:5-34
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Tax Annual Amount:12505.12
Beds
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Bedrooms Total:10
Baths
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Total Baths:10
The Listing
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Special Listing Conditions:None
Heating & Cooling
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Heating:Central
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Heating:true
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Cooling:Central Air
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Cooling:true
Utilities
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Utilities:Electricity Connected
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Sewer:Public Sewer
Appliances
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Laundry Features:Laundry Room
The Community
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Subdivision Name:CONEY ISLAND
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Senior Community:false
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Water View:false
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Water Access:false
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Waterfront:false
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Pool Private:true
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Pool Features:Gunite
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Association:false
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Ownership:Fee Simple
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Association Approval Required:false
Parking
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Garage:false
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Carport:false
Extra Units
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# of Units Total:10
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Sale history
| Date | Event | Source | Price | % Change |
|---|---|---|---|---|
|
11/19/24
Nov 19, 2024
|
Listed / Active | STELLAR_MLS | $3,295,000 | 17.7% (6.4% / YR) |
|
2/7/22
Feb 7, 2022
|
STELLAR_MLS | $2,800,000 | -6.7% | |
|
12/18/21
Dec 18, 2021
|
STELLAR_MLS | $3,000,000 |
