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145 116th Avenue

Treasure Island, FL 33706

24 beds
24 baths
12,216 sqft
~3/4 acre lot
$429 per sqft
1987 build
– on site

Prime investment opportunity in Treasure Island. This highly sought-after location is consistently in high demand from tenants, ensuring minimal vacancies and a steady stream of rental income and high potential for future appreciation in property value. This is a Turnkey 15-unit multifamily building with a mix of unit types—6 one-bedroom, one-bath units, and 9 two-bedroom, two-bath units, plus Full Washer & Dryer in each Unit. The variety allows for diverse tenant profiles. Every unit has a balcony that overlooks the scenic intracoastal waterway, adding a premium aspect that could attract tenants willing to pay a bit more for the view and waterfront living experience, plus it is just minutes walk to the Gulf Beaches. Exterior Features include Private Waterfront Pool, Dock, Outdoor Bathroom, Outdoor Shower, Grill and Bike Rack; all great features for tenants, enhancing the quality of life and making the property more appealing to renters. This building has an Elevator and Under-Building Designated parking as well as plenty of Guest Parking. 13 out of the 15 units are currently leased, with the remaining 2 used occasionnally by the owners. This shows that the property is actively rented, which can be reassuring to potential investors, as there's already an established rental income stream.

Listing courtesy of STELLAR_MLS / TOTAL REALTY SERVICES INC

Last checked: Checking… • Last updated Feb 14, 2025 •

MLS# TB8342761 —

The Building

Year Built:

1987
New Construction:

false
Construction Materials:

Block
Levels:

One
Roof:

Shingle
Foundation Details:

Slab
Window Features:

Blinds
Security Features:

Fire Alarm
# of Buildings:

1
Building Area Units:

Square Feet

Interior

Interior Features:

Ceiling Fan(s)
Furnished:

Unfurnished
Flooring:

Carpet
Fireplace:

false

Room Dimensions

Living Area:

12216
Living Area Units:

Square Feet
Living Area Source:

Public Records

Location

Directions:

Gulf Blvd in Treasure Island to 116th Avenue to 145 116th Avenue, Jolly Roger Building on the Right.
Latitude:

27.775124
Longitude:

-82.773745
Coordinates:

-82.773745, 27.775124

The Property

Parcel Number:

233115919080070110
Property Type:

Residential Income
Property Subtype:

Multi Family
Lot Features:

FloodZone
Lot Size Acres:

0.65
Lot Size Area:

28157
Lot Size SqFt:

28157
Lot Size Units:

Square Feet
Total Acres:

1/2 to less than 1
View:

Water
View:

true
Exterior Features:

Balcony
Water Source:

Public
Road Responsibility:

Public Maintained Road
Road Surface Type:

Asphalt
Flood Zone Code:

AE
Flood Zone Panel:

12103C0194H
Additional Parcels:

false
Homestead:

false
Land Lease:

false

Listing Agent

Contact info:

Taxes

Tax Year:

2024
Tax Lot:

3
Tax Block:

G
Tax Legal Description:

TREASURE ISLAND, CITY OF BLK G, LOTS 11, 12 & 13 TOGETHER WITH PART OF ENTRADA CONDO BLK F, PHASE 1 DESC COM NW COR OF LOT 3 OF ENTRADA CONDO BLK F, PHASE 1 TH S45D54' 47"E 120.96FT TH N52D00' 50"E 10.10FT FOR POB TH N52D00'50"E 43.16FT TO RIP RTS ALSO DESIGNATED AS POINT A TH RETURN TO POB TH S45D54'47"E 15FT TO RIP RTS ALSO DESIGNATED AS POINT B TH ALG RIP RTS LINE TO POINT A FOR CLOSING DIMENSION PER O.R. 19833/2086
Tax Book Number:

27-71
Tax Annual Amount:

38740

Beds

Bedrooms Total:

24

Baths

Total Baths:

24

The Listing

Virtual Tour URL Unbranded:

https://www.propertypanorama.com/instaview/stellar/TB8342761
Special Listing Conditions:

None

Heating & Cooling

Heating:

Central
Heating:

true
Cooling:

Central Air
Cooling:

true

Utilities

Utilities:

Cable Connected
Sewer:

Public Sewer

Appliances

Appliances:

Dishwasher
Laundry Features:

Inside

The Community

Subdivision Name:

CITY OF TREASURE ISLAND
Senior Community:

false
Waterview:

Intracoastal Waterway
Waterview:

true
Water Access:

Intracoastal Waterway
Water Access:

true
Water Extras:

Fishing Pier
Waterfront:

true
Waterfront Features:

Intracoastal Waterway
Pool Private:

true
Pool Features:

Gunite
Pets Allowed:

Yes
Association:

false
Ownership:

Fee Simple

Parking

Garage:

false
Carport:

false
Parking Features:

Assigned

Extra Units

# of Units Total:

15

Explore the Area

My Commute

From

Walk Score®

Provided by WalkScore® Inc.

Bike Score®

Provided by WalkScore® Inc.

Soundscore™

Provided by HowLoud

Sale history

Date	Event	Source	Price
2/13/25 Feb 13, 2025	Listed / Active	STELLAR_MLS	$5,250,000
9/28/16 Sep 28, 2016	Sold	STELLAR_MLS
7/20/15 Jul 20, 2015	Sold	STELLAR_MLS

Multifamily For Sale

$5,250,000

Listing provided by broker:

Fatima Rapuano

TOTAL REALTY SERVICES INC

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This multifamily located in Isle of Palms, Treasure Island, FL 33706 is currently for sale for $5,250,000. 145 116th Avenue is a 12,216 square foot multifamily with 24 beds and 24 baths that has been on Estately for 6 days. 145 116th Avenue is in the Isle of Palms neighborhood of Treasure Island and has a WalkScore® of 44, making it car-dependent. This multifamily is in the attendance area of Boca Ciega High School.

Listing Courtesy of: STELLAR_MLS and TOTAL REALTY SERVICES INC.

Based on information from the My Florida Regional MLS DBA Stellar MLS 2025.

All information provided is deemed reliable but is not guaranteed and should be independently verified. Stellar MLS, Estately and their affiliates provide the MLS and all content therein “AS IS” and without any warranty, express or implied. The information included in this listing is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The information on each listing is furnished by the owner and deemed reliable to the best of his/her knowledge, but should be verified by the purchaser. Stellar MLS and Estately assume no responsibility for typographical errors, misprints or misinformation. This property is offered without respect to any protected classes in accordance with the law. For any questions please call (407) 499-8911.