Note: Unit has been upgraded with New Sliding Glass Door to meet Code ( $8500 Value ) and new Front Door to meet Code ( $2300 Value) Unit 503 is owned by a Trust. This property is for sale by owner and listed with Zillow. The unit is currently rented out by the on-site management company (Full Service ) ( includes maid service and maintenance staff ) 20% management fee or you can choose to rent it out yourself . The unit can be rented out anywhere from 1 night ,weekly to 3 months at a time . Excellent rental history. Potential Monthly Gross= $ 6,000 plus ( $200 + per night x 30 nights= $ 6,000 , especially in winter season ) Typical and average yearly gross rental income can range from $45,000 per year to $50,000 per year or more . These short term resort-style Beach Investments far exceed the rental income generated from typical residential houses without all the headaches of collecting rent, evictions and bad tenants. This is truly a turnkey operation. The on-site management company does such an excellent job to rent out your property ,manage it , make repairs for you and keep an eye on it for you even if you are out of state and you get the monthly check deposited into your account each month along with a statement. Plus you get to come stay in your unit whenever you like This is a Condo Hotel / Motel Unit, you basically are in the Hotel Business renting a Hotel Room. These are not Residential units , but you can stay in your unit for up to 3 months each year. Excellent investment for long-term appreciation with many tax deductions. This investment can be set up as your Self-directed IRA for tax advantages, see your Tax Advisor. Monthly Rental Income Statements available to view. LOCATION LOCATION LOCATION on prestigious Treasure Island . Own your piece of paradise !!!!! Have a second home on the beach for the winter months !!!! Lobby to be remodeled and many amenities are being added and a possible hot tub Jacuzzi Spa also to elevate Island Inn as a four to five star hotel Unit has been remodeled all new furniture and bedding as of January 2021. Unit is beachy and contemporary and extremely comfortable Furniture for long stays. Google Island Inn Beach Resort Unit 503 & view 3-D Tour . Consider this strategy : Many of you have money in a Bank earning low interest rates or have your savings in a 401 K Plan invested in a volatile stock market !!!! Why not invest that money in a Condo like this that can be used as a second vacation home in the winter or whenever you like and then produce monthly rental income that will give you a far better return and give you many tax deductions that will shelter the income !! Have your money work harder for you & at the same time enjoy the Prestige/Pride of Ownership of a Beachfront Condo in beautiful Treasure Island and start living life to the fullest with Florida Sunshine, beautiful Sunsets, watching the Dolphins , swimming in the clear warm waters of the Gulf of Mexico, & getting sand between your toes as you walk the beach on your way to breakfast at nearby Caddys !!!!! This is Paradise to many !!!! You only live once in life , make your dreams come true with full ownership of this condo nicknamed the " Flamingo Room " !!! This is not a time share !!! Call Glenn today, he will answer any of your questions . Rooms on the higher 5th. floor tend to earn more money than lower floors and rarely come up for sale and are more Valuable !!!! Owning one of these Beach Condos would be a Fantastic Legacy to pass down to your Children & Grandchildren !!! Call Glenn 813 787 3379 , GlennNaslund@aol.com
This property is off market, which means it's not currently listed for sale or rent on Zillow. This may be different from what's available on other websites or public sources.
