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$4,100,000

  • Sold
  • Closed
  • Multi-Family
  • 15 Units
  • 0.65 Acres
See This Home
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Prime investment opportunity in Treasure Island. This highly sought-after location is consistently in high demand from tenants, ensuring minimal vacancies and a steady stream of rental income and high potential for future appreciation in property value. This is a Turnkey 15-unit multifamily building with a mix of unit types-6 one-bedroom, one-bath units, and 9 two-bedroom, two-bath units, plus Full Washer & Dryer in each Unit. The variety allows for diverse tenant profiles. Every unit has a balcony that overlooks the scenic intracoastal waterway, adding a premium aspect that could attract tenants willing to pay a bit more for the view and waterfront living experience, plus it is just minutes walk to the Gulf Beaches. Exterior Features include Private Waterfront Pool, Dock, Outdoor Bathroom, Outdoor Shower, Grill and Bike Rack; all great features for tenants, enhancing the quality of life and making the property more appealing to renters. This building has an Elevator and Under-Building Designated parking as well as plenty of Guest Parking. 13 out of the 15 units are currently leased, with the remaining 2 used occasionnally by the owners. This shows that the property is actively rented, which can be reassuring to potential investors, as there's already an established rental income stream.

Full Property Details for 145 116th Ave

General

  • Sold For: $4,100,000
  • Taxes: $38,740 (2024)
  • Status: Closed
  • Type: Multi-Family
  • Source: MidFloridaRegionalMLS
  • MLS ID: TB8342761
  • Added to Site: 407 day(s) ago

Rental Information

  • Lease/Rent Term: 12 Months

Interior

  • Interior Features: Ceiling Fan(s), Living Room/Dining Room Combo
  • Appliances: Dishwasher, Dryer, Electric Water Heater, Range, Refrigerator, Washer
  • Furnishings: Unfurnished
  • Flooring: Carpet, Tile

Rooms

Bathrooms

  • Total Bathrooms: 24

Bedrooms

  • Total Bedrooms: 24

Other Rooms

  • Laundry: Inside

Additional Information

  • Pool: Yes
  • Private Pool: Yes
  • Pool Description: Gunite, In Ground
  • Security/Safety: Fire Alarm, Smoke Detector(s)

Exterior

  • Exterior Features: Balcony, Irrigation System, Lighting, Outdoor Grill, Outdoor Shower, Private Mailbox, Sidewalk

Parking

  • Parking Features: Assigned, Covered, Guest, Under Building

Location

  • Area: 33706 - Pass a Grille Bch/St Pete Bch/Treasure Isl
  • County: Pinellas
  • Development Name: 33706 - Pass a Grille Bch/St Pete Bch/Treasure Isl
  • Subdivision: CITY OF TREASURE ISLAND
  • Driving Directions: Gulf Blvd in Treasure Island to 116th Avenue to 145 116th Avenue, Jolly Roger Building on the Right.

Community

  • Community Name: 33706 - Pass a Grille Bch/St Pete Bch/Treasure Isl

Heating & Cooling

  • Cooling Type: Central Air
  • Heating Type: Central

Utilities

  • Sewer: Public Sewer
  • Water: Public
  • Utility Description: Cable Connected, Electricity Connected, Sewer Connected, Water Connected

Structural Information

  • # Buildings: 1
  • Exterior Const.: Block, Concrete
  • Roof: Shingle
  • Windows: Blinds
  • Stories/Levels: One
  • Square Feet: 12,216
  • Sq. Ft. Source: Public Records
  • Living Area: 12,216 Sq. Ft.
  • Year Built: 1987

Lot Features

  • Property View: Water
  • Lot Size (Acres): 0.65
  • Lot Size (Sq. Ft.): 28,157
  • Lot Size: 28157
  • Street/Road Desc.: Asphalt

Water Features

  • Water Front: Yes
  • Water View: Yes
  • Water Access: Yes
  • Water Access Desc: Intracoastal Waterway
  • Water Extras: Yes
  • Water Front Desc.: Intracoastal Waterway

Financial Considerations

  • Tax Amount: $38,740
  • Tax Year: 2024

Disclosures and Reports

  • Ownership: Fee Simple
  • Special Conditions: None
  • Legal Description: TREASURE ISLAND, CITY OF BLK G, LOTS 11, 12 & 13 TOGETHER WITH PART OF ENTRADA CONDO BLK F, PHASE 1 DESC COM NW COR OF LOT 3 OF ENTRADA CONDO BLK F, PHASE 1 TH S45D54' 47"E 120.96FT TH N52D00' 50"E 10.10FT FOR POB TH N52D00'50"E 43.16FT TO RIP RTS ALSO DESIGNATED AS POINT A TH RETURN TO POB TH S45D54'47"E 15FT TO RIP RTS ALSO DESIGNATED AS POINT B TH ALG RIP RTS LINE TO POINT A FOR CLOSING DIMENSION PER O.R. 19833/2086
  • Flood Zone Info: AE
  • APN: 233115919080070110
  • Property ID: 233115919080070110
  • Block/Lot/Section: G

Listed and Sold by Total Realty Services Inc

Listing agent

— 145 116th Ave —

  • Total Realty Services Inc

Get Pre-Approved Today

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with our affiliated lender
NMLS#: 1598647

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Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Schools serving 145 116th Ave

School District:Pinellas County School District
NameGradesDistance
Azalea Elementary School
1680 74th St N, St. Petersburg, FL 33710
PK-52.2 mi
Azalea Middle School
7855 22nd Ave N, St. Petersburg, FL 33710
6-82.1 mi
Boca Ciega High School
924 58th Street South, Gulfport, FL 33707
9-124 mi
Disclaimer: School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 145 116th Ave

Date
Details
Price
Change
Source
5/21/2025
Sold
$4,100,000
-13.68%
MLS
3/07/2025
Price Reduced
$4,750,000
-9.52%
MLS
2/13/2025
Listed
$5,250,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Listed and Sold by Total Realty Services Inc

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145 116th Avenue, Treasure Island, FL 33706 (MLS# TB8342761) is a Multi-Family property that was sold at $4,100,000 on May 21, 2025. Want to learn more about 145 116th Avenue? Do you have questions about finding other Multi-Family real estate for sale in Treasure Island? You can browse all Treasure Island real estate or contact a Coldwell Banker agent to request more information.