2400 1st Street, Indian Rocks Beach, FL 33785

Description

The location of the Indian Rocks Beach Apartments – undoubtedly its most unique, indelible and prominent feature – places it virtually across the street from the 24th Avenue North public beach access point at Gulf Boulevard, a short walk to nearly three miles of powdery white sand along the glittering waters of Florida’s Gulf Coast. Although current residents have traditional annual leases, the Property may have far greater economic potential operated as the ideal hotel alternative catering to vacationers and visitors who prefer a unique and quiet beach experience, yet still desire close proximity to lively Clearwater Beach and Downtown St Petersburg after the sun goes down. Travelers from around the world love vacationing on Indian Rocks Beach. Legendary for its laid-back character, Indian Rocks Beach is the perfect destination for vacationers seeking relaxation with a side of good food and drink where they can walk for miles looking for shells in the sand, and dolphins in the surf. Just one mile north of the Property is the modern Bellaire Causeway providing quick and trouble-free access to the Mainland where grocers, retailers, top-rated hospitals, fashionable shops and essential services can be found. Constructed in 1969 of solid block masonry on a durable concrete slab, the Property offers Studio, One-Bedroom, and Two-Bedroom floorplans. The spacious One and Two Bedroom residences are equipped with Central Air Conditioning systems while highly efficient and low-cost Package AC Units keep the Studios comfortable year-round. Fabricated of resilient metal, the Property’s distinctive silver roof enhances energy efficiency, lowers maintenance costs, and extends life expectancy. Ample off-street parking accommodates eight full-size vehicles. Upgraded windows, professionally landscaped grounds, and an enclosed courtyard with outdoor grilling and seating areas contribute to enhance the Property’s charm and coastal beach ambiance. Interiors feature distinctive terrazzo or tile floors, eat-in dining, ceiling fans, vintage Florida-inspired bathrooms, linen closets, pantries, wood plank ceilings, and a separate exit to an enclosed courtyard. Each unit has an electric meter, and hot water heater. There is a single meter for city provided water, sewer, and trash removal. After a relaxing day of fun in the sun, the energy of Clearwater Beach is only a few minutes’ drive north via the Clearwater Pass Bridge. Renowned for its top-ranked Gulf Coast cuisine, world-class resorts, lively festivals, exhibits, and music concerts Clearwater Beach also offers a multitude of outdoor activities. Every night is a celebration of the sunset at Pier 60 where artisans, crafters, and musicians amaze with spectacular feats of skill and performance. Ranked among the top beaches in the world, Clearwater Beach offers dazzling white sand, emerald waters, and unique attractions that include a fishing pier with covered pavilions, one-off boutiques, and an expansive playground popular with kids and adults alike. The Property’s extraordinary location on Indian Rocks Beach – arguably the most “AirBNB Friendly” beach community in all of Pinellas County – could make it the ideal acquisition candidate for discerning investors seeking to establish a foothold on one of the Florida Gulf Coast’s most popular beaches, satisfy a 1031 Exchange, and/or expand, enhance and further diversify their existing portfolio of high-quality commercial real estate investments.