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9921 Gulf Blvd Treasure Island, Florida 33706 MLS# MFRT3526746
Exquisite Gulf Coast Retreat with Stunning Rooftop Views. Welcome to a meticulously renovated gem nestled in the heart of Florida's thriving Gulf Coast community. This extraordinary property has been transformed to maximize revenue potential and guest satisfaction, offering a seamless turn-key investment opportunity. Step inside to discover bespoke layouts and furnishings, highlighted by a captivating spiral staircase leading to a 400 sq ft. rooftop deck with breathtaking 360-degree views of the surrounding area. No detail has been spared in the revitalization of this property, featuring brand-new HVAC systems, a TPO membrane roof, PVC plumbing, hurricane impact windows, sound-dampening drywall and flooring, upgraded electrical systems, refreshed exterior stucco/paint, and meticulously manicured landscaping with irrigation. Constructed with solid block materials resistant to humidity, water, and salt air, this property ensures low-maintenance durability. Boasting four exquisite 582 sq. ft., 1-bedroom / 1-bathroom units, each accommodating up to 4 guests comfortably, with interconnected doorways for added flexibility. Conveniently located across from public beach access, enhanced with newly installed city crosswalks for safety and convenience. The sale includes all luxury fixtures, furnishings, and guest amenities showcased in the photos, ensuring a smooth transition for the new owner. Enjoy easy access to major highways, making vibrant cities like Tampa, Sarasota, and Orlando just a 90-minute drive away. Explore St. Petersburg’s vibrant downtown area, only 15 minutes from your doorstep, offering exceptional shopping, dining, and entertainment options. Indulge in St. Pete Beach's world-renowned soft, silky sand beaches just moments away. Projected annual occupancy for this sparkling new residence is expected to near 80% with no rental restrictions, optimizing income potential benefits from a rare, grandfathered zoning for overnight accommodations, maximizing income potential and returning guest occupancy. Projected annual NOI ranges from nearly $250,000 to $312,000, with cap rates of 8%-10% or potentially higher. Proforma conservatively crafted with assistance of management company at 70%. available upon request. This property is poised to deliver exceptional returns with minimal upkeep expenses, making it an ideal investment opportunity in a highly sought-after location. Don't miss out—schedule your private tour today!
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