For Sale
$1,595,995

960 Gulf BlvdIndian Rocks Beach, FL 33785

Beachfront Cottage, High ROI, Updated

Overview

Added:
Dec 11, 2024
Days on market:
113
Exceptional investment opportunity: a charming, updated two-story Gulf-front cottage in Indian Rocks Beach, Florida (960 Gulf Blvd, 33785). This 1,030 square foot, single-family home, classified as a Class B multifamily property, boasts a prime location directly on the Gulf of Mexico. The property underwent a complete renovation in 2022, featuring a new metal roof, a fully updated kitchen with modern appliances, a stylish bathroom with an oversized tile shower, updated flooring, and fresh furnishings. Large accordion sliding doors open the front of the home directly to the beach, maximizing natural light and breathtaking ocean views. A unique circular staircase leads to a loft area and a second bedroom, complemented by ample storage. The property includes two-car parking and convenient in-house laundry. Currently operating as a highly successful short-term rental (STR), this property offers a strong return on investment with a 5.10% cap rate and a net operating income (NOI) of $81,350. The asking price is $1,595,995, representing a price per square foot of $1,549.51 and a price per unit of $1,595,995. Indian Rocks Beach's zoning permits short-term rentals with no minimum rental period, ensuring consistent income potential. This turnkey investment is ready for immediate occupancy and income generation. Seize this rare opportunity to own a piece of paradise and enjoy the benefits of a lucrative beachfront property.

Highlights

  • Direct Gulf-front cottage in Indian Rocks Beach, FL.
  • Fully renovated in 2022, including a new metal roof, kitchen, appliances, bathroom, flooring, and furnishings.
  • Features accordion doors opening directly to the beach, offering abundant natural light and stunning Gulf views.
  • Includes a circular staircase leading to a loft and second bedroom with ample storage.
  • Offers two-car parking and in-house laundry.
  • Currently a successful short-term rental (STR) with no minimum rental period, generating a $81,350 NOI and a 5.10% cap rate.

Property Details for 960 Gulf Blvd

Property type
Residential income homes
Square Feet
1,030 SF
Class
B
Year Renovated
2022
Buildings
1
Stories
2
Units
1

Location Insight

City
Indian Rocks Beach
County
Pinellas
State
Florida
Latitude
27.8930725
Longitude
-82.8497636
960 Gulf Blvd, Indian Rocks Beach, Florida

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960 Gulf Blvd
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