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$1,250,000
6 Beds 5 Baths St Petersburg Beach Rep SubDv. 33706 Zip Code A4691778 MLS Active Status
5-Unit Multifamily Near St. Pete Beach – Fully Renovated 2025 Income-producing 5-unit multifamily property located just minutes from St. Pete Beach. Ideal for investors seeking income in a high-demand coastal market. Fully renovated and completed in May 2025, this property offers updated interiors and improved overall condition, providing a turnkey opportunity. Property features five separate units with flexible layouts suitable for long-term or short-term vacation use (buyer to verify local regulations). The strong tourist and rental demand in the surrounding area offers potential for consistent occupancy. Convenient location near beaches, restaurants, shops, and main access routes to downtown St. Petersburg and nearby Gulf Coast destinations. Community amenities include a pool and a gym, increasing appeal for tenants and visitors. Other highlights include on-site parking and potential for continued value appreciation. Suitable for a variety of investment strategies. The buyer should verify all measurements, zoning, and rental restrictions.

340 78th Avenue, Treasure Island

$1,099,000
4 Beds 3 Baths Beach Plaza Sec Of St Pete Beach SubDv. 33706 Zip Code TB8448919 MLS Active Status
Price Improvement! This distinctive triplex, located just a few blocks from the breathtaking St. Pete Beach, offers a unique opportunity for prospective buyers. Built above the historical flood lines, this property did not flood delivering peace of mind. Its versatile layout accommodates various uses, functioning either as a turnkey three-unit monthly rental or as a residence where the owner can occupy the main house, which sleeps 6 people, while leasing the adjacent duplex. 2025 gross income was $110,000 delivering a CAP rate of 8%. The surrounding neighborhood promotes a vibrant community atmosphere, with local cafes, shops, and parks all within easy walking distance. Characterized by charming architecture and an inviting exterior, the triplex exudes warmth and character. The thoughtfully designed interior features open-concept living areas that flow seamlessly, while expansive windows allow natural light to fill the rooms, creating a bright and airy ambiance. Recent enhancements to the detached unit include new sunroom windows, comprehensive interior painting, and modern lighting throughout the property. The main house bathroom has undergone a renovation, showcasing new tile, toilets, and fixtures. Additional updates include new ceiling fans and light fixtures that contribute to a contemporary aesthetic. Unit 1 boasts improved lighting, freshly painted walls, and updated bathroom finishes, complemented by the highly coveted terrazzo flooring. Unit 2 has been entirely renovated, featuring fresh paint, updated tile, and new completely bathroom. The exterior and grounds have been thoroughly transformed, with completely updated landscaping that includes new plants, decorative rocks, and seashell accents. A brand-new fence encloses the property, while sealed cement landscaping provides a clean and durable finish. Enhanced sprinkler and irrigation systems have been installed, accompanied by new landscape lighting with programmable timers. The exterior has been freshly painted, and the front posts have been updated. Additionally, new composite decks have been constructed at the front and back of Studios 1 and 2, complete with a modern grilling setup. An ongoing semi-annual pest control service is in place and can be transferred to the new owner. The electrical panels have been replaced and upgraded within the last 24 months, and the main plumbing line has been replaced with new PVC, with all plumbing systems updated. New hot water tanks and air conditioning units have also been installed for Studios 1 and 2. The property includes all furnishings and is equipped with keyless smart locks, as well as a security system.

627 70th Avenue, Treasure Island

$1,100,000
6 Beds 4 Baths Bayside 4th Add To St Pete Beach SubDv. 33706 Zip Code TB8445637 MLS Active Status
CALLING ALL INVESTORS OR LOCALS WHO AREN'T SCARED TO MAKE $$!! YOU HAVE TO LOOK & WILL SEE THE POTENTIAL!!! Waterfront 4 unit value/add opportunity on the Intra-coastal with dock and flexible redevelopment potential. This is not a turnkey property and that’s exactly where the opportunity lies here! Located on one of the most popular intra-coastal locations in the heart of St. Pete Beach, Boca Ciega Drive offers a rare chance to acquire a waterfront multi-unit asset in a market where inventory continues to tighten and finished properties are priced at a PREMIUM! The existing footprint includes four units configured as two 2 bedroom, 1 bath units (potential) and two 1 bedroom, 1 bath units, providing multiple paths for repositioning depending on your investment strategy. The property sustained hurricane impact and requires renovation, but retains strong structural fundamentals, existing density, and a location that supports long term value and rental demand. Investors will appreciate the flexibility: Restore the 4 unit configuration for maximum income potential, Reconfigure into a duplex or triplex with larger, premium units or create a hybrid use with personal occupancy and rental income. With direct water access and a private dock, future tenants or guests can enjoy boating, kayaking, and sunset views, features that consistently command premium rents in this market. Create equity through execution rather than pay for it upfront!

7815 Boca Ciega Drive, Treasure Island

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