Hotel-Motel
117 127th Avenue
117 127th Ave, Treasure Island, FL 33706
Listing Price: $3,500,000
Cap Rate
6.66%
RevPAR
$128
Gross SF
4,502
Price/Gross SF
$777.43
Year Built
1953
Investment Overview
An 8-unit, fully furnished turnkey short-term rental property in Treasure Island, FL (Tampa Bay MSA).
117 127th Avenue
Investment Highlights
- An 8-unit, fully furnished turnkey short-term rental property
- Situated at entrance to Crabby's on the Pass redevelopment site, with prominent exposure to future mixed-use waterfront project
- Just one block to Gulf beaches and a five-minute walk to John's Pass Village & Boardwalk – a major retail, dining, and entertainment destination
- Recently renovated boutique STR asset comprised of six one-bedroom/one-bath units and two two-bedroom/one-bath units, all fully furnished
- Ownership has spent over $750,000 in capital improvements since acquisition
- Upgrades include new roofing on both structures, electric, plumbing, flooring, kitchens, bathrooms, new appliances in all units and parking lot
- All appliances and custom furnishings are included with the sale
- In-season nightly rental rates average $170+ for one-bedroom units and $210+ for two-bedroom units during the January–May peak season
Exclusively Listed By
Financing By
Listing Price: $3,500,000
Cap Rate
6.66%
RevPAR
$128
Gross SF
4,502
Price/Gross SF
$777.43
Year Built
1953
Investment Highlights
- An 8-unit, fully furnished turnkey short-term rental property
- Situated at entrance to Crabby's on the Pass redevelopment site, with prominent exposure to future mixed-use waterfront project
- Just one block to Gulf beaches and a five-minute walk to John's Pass Village & Boardwalk – a major retail, dining, and entertainment destination
- Recently renovated boutique STR asset comprised of six one-bedroom/one-bath units and two two-bedroom/one-bath units, all fully furnished
- Ownership has spent over $750,000 in capital improvements since acquisition
- Upgrades include new roofing on both structures, electric, plumbing, flooring, kitchens, bathrooms, new appliances in all units and parking lot
- All appliances and custom furnishings are included with the sale
- In-season nightly rental rates average $170+ for one-bedroom units and $210+ for two-bedroom units during the January–May peak season
Investment Overview
An 8-unit, fully furnished turnkey short-term rental property in Treasure Island, FL (Tampa Bay MSA).
Exclusively Listed By
Financing By
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