$2,395,000
For Sale

12315 GULF BOULEVARD

Treasure Island, FL 33706
4480 sqft | 8 beds | 0.24 acres | #TB8322337
Browse 38 photos
Type:Multi-Family
Structure:Duplex/Multi-Unit
Zone:Residential

Description

Silver Sands is an 8 unit licensed hotel comprising three buildings and a large courtyard at an amazing 10 CAP RATE. Located just steps to the beach, this boutique hotel offers one bedroom suites to fit all types of vacationers. These spacious units all feature a combined living and dining area, generous kitchenette and separate bedroom and bathroom. The bottom floor units offer a charming front patio that opens to a large landscaped courtyard, putting guests in a vacation state of mind. An additional outdoor area for relaxing in the Gulf breeze ensures parties of all size can find a tropical sanctuary. This boutique hotel is renovated with new roofs, newer HVAC and new water heaters presenting the buyer with a low maintenance, tropical oasis. New floors and cabinets are just another highlight. Reserved on site parking is popular with guests. Prime Gulf Blvd location with direct access to a crosswalk makes staying here a breeze. The property is a two minute walk to Pinellas County's #1 tourist destination John's Pass Village & Boardwalk featuring shopping, restaurants, jet ski rentals, sunset cruises, fishing charters and live music. Treasure Island beach is located steps away and beacons guests to relax and stay a while. A boat ramp is located just steps from this property making kayak and water sports a breeze. Kayak, jet ski and floating tiki hut operators routinely make arrangements to pick up guests here. This property is currently in the process of being renovated after receiving water intrusion from Hurricane Helene. Permits are already in place, giving the new owner the opportunity to be one of the first hotels reopening on the beaches and to take advantage of the busy winter and spring seasons. Additional 10 unit hotel for sale next-door, schedule your tour today.

  • Property Details
      • Utility FeaturesCable Connected, Electricity Connected, Phone Available, Public, Sewer Connected, Street Lights, Water Connected
      • InteriorEat-in Kitchen, Kitchen/Family Room Combo, Solid Wood Cabinets, Stone Counters
      • Exterior MaterialsCourtyard, Fence, Irrigation System, Sidewalk, Storage
      • Property TypeMulti-Family
      • Sewer InformationPublic Sewer
      • SubdivisionCONEY ISLAND
      • Property SubtypeMulti-Family
      • Original List Price$2,395,000
      • MLS #TB8322337
      • MLS #TB8322337
      • CountyPinellas
      • Taxes Annual$14,808
      • Cost2395000
      • Utility SourcePublic
      • Acres0.24
      • Square Feet4480
      • Year Built1949
      • FoundationSlab
      • Days on Market (Cumulative)36
      • Bedrooms8

Location

Alfonso Gonzalez | People's Choice Realty Services LLC Real Estate Group
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Down Payment

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10.0%

Interest Rate

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6.0%

Tax Rate

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2.6%
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Note: The results shown are estimates only and do not include all factors. Speak with a licensed agent or loan provider for exact details. This tool is sourced from CloseHack.

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