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Chad A. Sahhar

chada.sahhar@engelvoelkers.com +1(719) 338-5742

$ 1,575,000

Est. payment -/mo

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8301 W GULF BLVD Treasure Island, FL 33706

4 Beds

4 Baths

2,871 SqFt

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Quadruplex

Listing Status Active

Purchase Type For Sale

Square Footage 2,871 sqft

Price per Sqft $548

Subdivision Sunset Beach

MLS Listing ID TB8464657

Bedrooms 4

HOA Y/N No

Year Built 1947

Lot Size 5,662 Sqft

Acres 0.13

Property Sub-Type Quadruplex

Source Stellar MLS

Property Description

This Solid block building directly across from the sugary sands of Sunset Beach, is a rare opportunity to own a four-unit property in the heart of the highly sought-after Sunset Beach neighborhood. Located directly across the street from Sunset Beach access, the property offers a location that consistently appeals to both long-term tenants and short-term renters. Sunset Beach is known for its quiet, walkable streets, limited inventory, and authentic coastal charm, making it one of the most desirable and tightly held areas along the Gulf Beaches.The property consists of four one-bedroom, one-bath units, all currently occupied by annual tenants and operated as unfurnished long-term rentals. Each unit is separately metered for electric, and the building includes shared laundry facilities, upstairs and downstairs patios, ample parking, and additional storage. As currently operated, the property provides steady income with an estimated cap rate of approximately 5%. For a buyer looking ahead, there is clear upside potential. Given its beachside location and layout, the highest and best use of the property is as a short-term or seasonal rental operation, where projected returns could increase to approximately 7–9%, subject to local regulations. This flexibility allows a new owner to enjoy reliable income today while maintaining the option to reposition the property in the future and take full advantage of its exceptional Sunset Beach location. Brand new coin operated landry offsets most of the common power and water for the building
*Bottom 2 units were flooded during Hurricane Helene and were remediated with permits. All zoning nd other material facts should be verified by the buyer an or their agent.
DO NOT DISTURB TENANTS

Location

State FL

County Pinellas

Community Sunset Beach

Area 33706 - Pass A Grille Bch/St Pete Bch/Treasure Isl

Zoning M

Rooms

Other Rooms Interior In-Law Suite w/No Private Entry, Storage Rooms

Interior

Interior Features Built-in Features, Ceiling Fans(s), Walk-In Closet(s)

Heating Electric, Heat Pump

Cooling Central Air

Flooring Ceramic Tile, Luxury Vinyl, Wood

Fireplaces Type Decorative

Furnishings Unfurnished

Fireplace true

Appliance Convection Oven, Dishwasher, Dryer, Microwave, Refrigerator, Washer

Laundry Outside

Exterior

Exterior Feature Awning(s), French Doors, Lighting, Rain Gutters, Storage

Parking Features Guest, Open

Community Features Park, Playground

Utilities Available BB/HS Internet Available, Electricity Connected

Water Access Yes

Water Access Desc Beach

Roof Type Shingle

Porch Patio, Rear Porch

Garage false

Private Pool No

Building

Lot Description City Limits, Landscaped, Near Public Transit, Paved

Foundation Slab

Lot Size Range 0 to less than 1/4

Sewer Public Sewer

Water Public

Structure Type Block

New Construction false

Others

Pets Allowed Yes

Senior Community No

Ownership Fee Simple

Acceptable Financing Assumable, Cash, Conventional, FHA, VA Loan

Listing Terms Assumable, Cash, Conventional, FHA, VA Loan

Special Listing Condition None

Virtual Tour https://www.propertypanorama.com/instaview/stellar/TB8464657

Listed by Shawn Dunn GULFSIDE REALTY SALES

Chad A. Sahhar

Advisor | License ID: SL3529491

+1(719) 338-5742

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