Prime investment opportunity in Treasure Island. This highly sought-after location is consistently in high demand from tenants, ensuring minimal vacancies and a steady stream of rental income and high potential for future appreciation in property value. This is a Turnkey 15-unit multifamily building with a mix of unit types—6 one-bedroom, one-bath units, and 9 two-bedroom, two-bath units, plus Full Washer & Dryer in each Unit. The variety allows for diverse tenant profiles. Every unit has a balcony that overlooks the scenic intracoastal waterway, adding a premium aspect that could attract tenants willing to pay a bit more for the view and waterfront living experience, plus it is just minutes walk to the Gulf Beaches. Exterior Features include Private Waterfront Pool, Dock, Outdoor Bathroom, Outdoor Shower, Grill and Bike Rack; all great features for tenants, enhancing the quality of life and making the property more appealing to renters. This building has an Elevator and Under-Building Designated parking as well as plenty of Guest Parking. 13 out of the 15 units are currently leased, with the remaining 2 used occasionnally by the owners. This shows that the property is actively rented, which can be reassuring to potential investors, as there's already an established rental income stream.
Sold for $4,100,000
$4,100,000
145 116TH AVENUE, TREASURE ISLAND, FL 33706
3beds
3baths
12,216sqft
Multi Family
Built in 1987
-- sqft lot
$3,970,200 Zestimate®
$336/sqft
$2,213 Estimated rent
Home value
$3,970,200
$3.57M - $4.41M
$2,213/mo
Zestimate® history
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$2,213/mo
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$2,213/mo
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$28,431/mo
Est. payment
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$28,431/mo
Est. payment
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Zillow last checked:
Listing updated:
Listed by:
Fatima Rapuano 727-742-2955,
TOTAL REALTY SERVICES INC 727-393-2534
Bought with:
Fatima Rapuano, 3334584
TOTAL REALTY SERVICES INC
Source: Stellar MLS,MLS#: TB8342761
Originating MLS: Suncoast Tampa
Originating MLS: Suncoast Tampa
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 3
Heating
- Central
Cooling
- Central Air
Appliances
- Included: Dishwasher, Dryer, Electric Water Heater, Range, Refrigerator, Washer
- Laundry: Inside
Features
- Ceiling Fan(s), Living Room/Dining Room Combo
- Flooring: Carpet, Tile
- Doors: Outdoor Grill, Outdoor Shower
- Windows: Blinds
- Has fireplace: No
Interior area
- Total interior livable area: 12,216 sqft
Property
Parking
- Parking features: Assigned, Covered, Guest, Under Building
Features
- Levels: One
- Stories: 1
- Exterior features: Balcony, Irrigation System, Lighting, Outdoor Grill, Outdoor Shower, Private Mailbox, Sidewalk
- Has private pool: Yes
- Pool features: Gunite, In Ground
- Has view: Yes
- View description: Water, Intracoastal Waterway
- Has water view: Yes
- Water view: Water,Intracoastal Waterway
- Waterfront features: Intracoastal Waterway, Intracoastal Waterway Access, Fishing Pier, Seawall
Lot
- Size: 0.65 Acres
- Features: FloodZone, Landscaped
Details
- Parcel number: 233115919080070110
- Special conditions: None
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Block, Concrete
- Foundation: Slab
- Roof: Shingle
Condition
- New construction: No
- Year built: 1987
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Cable Connected, Electricity Connected, Sewer Connected, Water Connected
Community & HOA
Community
- Security: Fire Alarm, Smoke Detector(s)
- Pet fee: $0 monthly
- Subdivision: CITY OF TREASURE ISLAND
HOA
- Has HOA: No
Location
- Region: Saint Petersburg
Financial & listing details
- Price per square foot: $336/sqft
- Annual tax amount: $38,740
- Date on market: 2/13/2025
- Cumulative days on market: 36 days
- Listing terms: Cash,Conventional,Other
- Ownership: Fee Simple
- Lease term: 12 Months
- Total actual rent: 25174
- Tenant pays: Electricity
- Electric utility on property: Yes
- Road surface type: Asphalt
Price history
| Date | Event | Price |
|---|---|---|
| 5/21/2025 | Sold | $4,100,000-13.7%$336/sqft |
Source:  Stellar MLS #TB8342761 Report a problem | ||
| 3/24/2025 | Pending sale | $4,750,000$389/sqft |
Source: Stellar MLS #TB8342761 Report a problem | ||
| 3/7/2025 | Price change | $4,750,000-9.5%$389/sqft |
Source: Stellar MLS #TB8342761 Report a problem | ||
| 2/13/2025 | Listed for sale | $5,250,000$430/sqft |
Source: Stellar MLS #TB8342761 Report a problem | ||
Public tax history
Tax history is unavailable.
Neighborhood: 33706
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Nearby schools
GreatSchools rating
- 6/10Azalea Elementary SchoolGrades: PK-5Distance: 2.2 mi
- 3/10Azalea Middle SchoolGrades: 6-8Distance: 2.1 mi
- 4/10Boca Ciega High SchoolGrades: 9-12Distance: 4 mi
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Estimated market value
$3,970,200
Get a cash offer in 3 minutes
Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$3,970,200
- Florida
- Pinellas County
- Treasure Island
- 33706
- 145 116TH AVENUE
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