Unit 515 is a Hotel/Motel Condo on the highly desirable 5th.floor with balcony & a direct view of Gulf water. 515 has an excellent rental history & is remodeled with new furniture, wall paintings & is tastefully decorated. Potential $45K to $70K per year rental income.Durable driftwood Porcelain tile. Not a residential unit ,however, you can stay in your unit up to 3 months out of each year. Complete On -site Mgmt. of your unit (20%) is a bargain & your money is deposited to your bank account. Excellent turn-key operation for out-of -state owners or from another country ! The ( SIRS) Structural Integrity Study was completed with restoration & repairs made to Building including balconies in 2023/2024. The flooring & painting was redone with state of the art Sealing ! The roof was redone with a new membrane . The building is Compliant & in excellent shape & Safe for the future because of the work performed ! Also the Reserves for future repairs are Fully Funded & are in Compliance. The Property Managers for the Condo. Association & the Board of Directors have done a great job to be compliant with the new laws addressing the Safety of the Building and No future Assessments are anticipated at this time. Thats Peace of Mind for you as a Buyer !!!. We have one of the best locations on Treasure Island & we have additional parking & a Boat Dock across the street to fish off & park your boat in the water. A public boat loading Ramp is next door. We have a great Tiki Bar with food , snacks & full Bar. The Heated pool is awesome. The sunsets are absolutely gorgeous . Excellent Long-term investment with many tax advantages, perfect for a 1031 Tax Exchange .Create many lasting memories with your family on the Beach & enjoy the rental income when you are away !!! PS. Kingsize Bed, Leather Sofa Sleeper sleeps 2, Electric Leather Recliner, Internet, Cable TV, Samsung 65" Smart TV , 2 Burner Stove Top , Toaster Oven, Full size Refrigerator , Sleep 4-6 . HOA includes : Electricity,Water/Sewer, Trash , Cable TV , Internet, Bldg. Insurance & Flood Insurance , Escrow Reserves Fund, Maintenance/ Repairs of Bldg. , Pool, Grounds , & Landscaping. Extremely Comfortable room for extended stays !!! Many repeat customers & Guests who ask for this room !!!
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