Property
Beds
4
Full Baths
None
1/2 Baths
None
Year Built
1947
Sq.Footage
2,871
This Solid block building directly across from the sugary sands of Sunset Beach, is a rare opportunity to own a four-unit property in the heart of the highly sought-after Sunset Beach neighborhood. Located directly across the street from Sunset Beach access, the property offers a location that consistently appeals to both long-term tenants and short-term renters. Sunset Beach is known for its quiet, walkable streets, limited inventory, and authentic coastal charm, making it one of the most desirable and tightly held areas along the Gulf Beaches.The property consists of four one-bedroom, one-bath units, all currently occupied by annual tenants and operated as unfurnished long-term rentals. Each unit is separately metered for electric, and the building includes shared laundry facilities, upstairs and downstairs patios, ample parking, and additional storage. As currently operated, the property provides steady income with an estimated cap rate of approximately 5%. For a buyer looking ahead, there is clear upside potential. Given its beachside location and layout, the highest and best use of the property is as a short-term or seasonal rental operation, where projected returns could increase to approximately 7–9%, subject to local regulations. This flexibility allows a new owner to enjoy reliable income today while maintaining the option to reposition the property in the future and take full advantage of its exceptional Sunset Beach location. Brand new coin operated landry offsets most of the common power and water for the building *Bottom 2 units were flooded during Hurricane Helene and were remediated with permits. All zoning nd other material facts should be verified by the buyer an or their agent. DO NOT DISTURB TENANTS
Features & Amenities
Interior
-
Other Interior Features
Built-in Features, Walk-In Closet(s)
-
Total Bedrooms
4
-
Bathrooms
N/A
-
Cooling YN
YES
-
Cooling
Central Air
-
Fireplace YN
YES
-
Heating YN
YES
-
Heating
Electric, Heat Pump
-
Pet friendly
Yes
Exterior
-
Garage
No
-
Construction Materials
Block
-
Other Exterior Features
Awning(s), Lighting, Rain Gutters, Storage
-
Parking
Guest, Open
-
Patio and Porch Features
Patio, Rear Porch
-
Pool
No
-
Waterfront YN
NO
Area & Lot
-
Lot Features
Landscaped, Near Public Transit, Paved
-
Lot Size(acres)
0.13
-
Property Type
Residential Income
-
Property Sub Type
Quadruplex
Price
-
Sales Price
$1,575,000
-
Sq. Footage
2, 871
-
Price/SqFt
$548
HOA
-
Association
No
School District
-
Elementary School
N/A
-
Middle School
N/A
-
High School
N/A
Property Features
-
Foundation Details
Slab
-
Ownership
Fee Simple
-
Senior Community YN
NO
-
Sewer
Public Sewer
-
Tax Lot
0031
-
Water Source
Public
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Location
County
Pinellas
Elementary School
Middle School
High School
Listing Courtesy of Shawn Dunn , GULFSIDE REALTY SALES
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