Indian Rocks Beach, located in the heart of one of the most sought-after beach towns in Florida, is offering a fabulous multi-family investment opportunity. This charming property, with its Vintage Florida Charm, provides 49 feet of direct Gulf Front access and is a turnkey investment that currently grosses $200,000 a year.
The property consists of three units, each offering unique features and amenities. The main house, situated closest to the beach, boasts 3 bedrooms, 2 baths, a large open kitchen, and a spacious screened porch. The living room features a wood-burning fireplace, adding to the cozy ambiance.
Cottage 1, a separate unit, offers 1 bedroom, 1 bath, a kitchen, a dining area, and a living room. Cottage 2 is a studio with a kitchen, living area, and a private bath. All units are individually metered and come fully furnished, making it easy for tenants or vacationers to settle in comfortably.
The property also offers ample parking for guests and attractive shared areas for gathering. Walking through the palm trees into the tropical oasis, guests can enjoy the large Tiki Hut with its grilling area and plenty of space to soak up the sun. Outdoor showers and a full-sized washer/dryer are also available for convenience.
Indian Rocks Beach is a golf-cart-friendly community with multiple parks, a beach art center, a library, great restaurants, and local shopping options, all within walking distance. The area allows nightly and weekly rentals, maximizing the potential return on investment.
Whether you choose to rent out all units, live in one while renting the others, or create a family compound, this property offers endless possibilities. With its prime location and strong rental income, it is an outstanding opportunity for those looking to invest in a beach community.
To get a true feel for the property, be sure to take a virtual tour, explore the floor plans, and experience a Matterport tour. However, please respect tenant privacy and refrain from visiting the property without an appointment.
In conclusion, this multi-family investment opportunity in Indian Rocks Beach is a chance to own a piece of paradise. With its direct Gulf Front access, Vintage Florida Charm, and strong rental income, it is an attractive option for investors looking to capitalize on the thriving beach town market. Don’t miss out on the chance to make this property your own and enjoy all that Indian Rocks Beach has to offer.
304 GULF BOULEVARD, INDIAN ROCKS BEACH, FL 33785