$930,000
$1,050,000
11.4%For more information regarding the value of a property, please contact us for a free consultation.
4 Beds
2 Baths
1,514 SqFt
SOLD DATE : 01/25/2023
Key Details
Sold Price $930,000
Property Type Multi-Family
Sub Type Duplex
Listing Status Sold
Purchase Type For Sale
Square Footage 1,514 sqft
Price per Sqft $614
Subdivision La Hacienda Rep
MLS Listing ID U8180159
Sold Date 01/25/23
Bedrooms 4
HOA Y/N No
Originating Board Stellar MLS
Year Built 1957
Annual Tax Amount $7,618
Lot Size 6,969 Sqft
Acres 0.16
Lot Dimensions 43x110
Property Description
Agent/Owner. DO NOT miss this opportunity to own a incredibly successful bungalow style vacation rental near the beach in IRB!!! This property is on the water, has an excellent rental history, and is just 1 and 1/2 blocks to the beach!! Each unit has 2 bedrooms and 1 bathroom and are mirror images of one another. The bungalow style duplex sits on a lot with a jungle feel surrounded by lush tropical foliage. The property is on a canal of the intracoastal waterway. Dolphins, manatee, rays, and many other types of aquatic life have been viewed from the large deck overlooking the water. A ladder has been installed on the seawall to assist with kayak and stand up paddle launches. There are many outdoor seating areas to enjoy. In addition to the deck overlooking the canal, each unit has a large covered front porch. There is a picnic table and bench swing in the front yard and an additional seating area off the back of Unit A. A new modified bitumen roof was installed in 2022. Both units are well maintained and appointed. Unit B has recent updates to include new kitchen counters, refinished cabinets, new tile backsplash, and new vinyl flooring. The units are separated by 2 small rooms with block wall construction which eliminates noise between the two units. One of the rooms is utilized as the laundry room for the units. The other is a storage room. There are no minimum rental period restrictions on vacation rentals in IRB! IRB is a fantastic community with year round events, surf shops, local parks, nature preserves, as well as bars, restaurants, etc. The annual IRB Christmas boat parade can be viewed from the deck overlooking the canal.
Unit A has been utilized as a vacation rental. Owner has experienced high occupancy rates and has built a successful rental business inclusive of many return clients including repeat/month-long renters in Jan, Feb, and March totaling over $13k in revenue for that time period. Unit B has been owner occupied. Unit B is the preferable unit as it is closer to the water and has more recent updates. It is anticipated that Unit B should generate higher revenue than Unit A should it be utilized as a rental.
Flood policy on the home is transferrable.
Location
State FL
County Pinellas
Community La Hacienda Rep
Interior
Interior Features Eat-in Kitchen, Open Floorplan, Thermostat
Heating Central
Cooling Central Air
Flooring Laminate, Tile, Vinyl
Furnishings Furnished
Fireplace false
Appliance Dryer, Microwave, Range, Refrigerator, Washer
Laundry Laundry Room
Exterior
Exterior Feature Private Mailbox, Storage
Utilities Available BB/HS Internet Available, Cable Available, Electricity Available, Electricity Connected, Phone Available, Sewer Available, Sewer Connected, Street Lights, Water Available, Water Connected
Waterfront true
Waterfront Description Intracoastal Waterway
View Y/N 1
Water Access 1
Water Access Desc Intracoastal Waterway
View Trees/Woods, Water
Roof Type Membrane
Attached Garage false
Garage false
Private Pool No
Building
Lot Description Flood Insurance Required, FloodZone, City Limits, Landscaped
Foundation Slab
Lot Size Range 0 to less than 1/4
Sewer Public Sewer
Water Public
Structure Type Stucco
New Construction false
Others
Pets Allowed Yes
Senior Community No
Ownership Fee Simple
Special Listing Condition None
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Bought with CHARLES RUTENBERG REALTY INC
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