Indian Rocks Waterfront Quad

Indian Rocks Waterfront Quad

8 bed 8 bath 3918 sq ft Built in 1970 Multi-family
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85
Occupancy Status
Low High
15 /20
Level of Rehab
Heavy Light
15/20
Location of Neighborhood
Far Close
20/20
Quality of Floor Plan
Choppy Flowing
17/20
School Rating
F A
8/10
Placement in Neighborhood
Busy Calm
10/10
Property Details

This exceptional waterfront quad plex offers direct access to the Gulf of America and is a prime income-generating investment. Featuring four spacious 2-bedroom, 2-bathroom units, this property provides flexible rental opportunities, including lucrative short-term rentals. Previously utilized as an Airbnb, it is ideally situated on the picturesque Deep-Water Cove, seamlessly connecting to the Intracoastal Waterway. Investors and those seeking the ultimate Florida lifestyle will find this a dream opportunity, just blocks from the sugar-white sands of Indian Rocks Beach.

Two of the units offer breathtaking open-water views, while the other two enjoy charming street views. Inside, each unit has been modernized with updated appliances and fixtures, making them perfect for long-term, seasonal, or vacation rentals. The property boasts premier waterfront amenities, including a private dock with a 13,000-pound boat lift, two jet ski lifts, and additional space for more watercraft. Boaters will love the quick access to the Gulf, and fishing enthusiasts can cast their lines directly from the dock.

The outdoor space is equally impressive, featuring a fully brick-paved patio perfect for alfresco dining and relaxation, with frequent dolphin sightings. Additional conveniences include a shared laundry room for tenants, ample parking, a dedicated carport for each unit, and extra guest parking. The property is also near city parks equipped with tennis and basketball courts, playgrounds, and recreational facilities.

With no rental minimums and proximity to local dining, entertainment, a trolley service, and the beach, this quadplex presents endless income potential. While the bottom two units sustained damage in the last storm, extensive repairs have already been completed, including electrical, plumbing, and bathroom updates. However, finishing touches such as drywall, lower cabinets, and fixtures are still needed, allowing a new owner to add their personal touch. This is a rare opportunity to own a high-income waterfront property in a prime location.

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We recommend rent
Rental Income
$25,000 mo. / $300,000 yr.
Investor Price
$1,899,900
Property Insurance
$25,000 / yr.
Estimated Taxes
$22,859 / yr.
Property Management
$30,000 / yr.
Maintenance
$2,000 / yr.
HOA Dues
$0 / yr.
$220,141
Projected Income
10.89%
Estimated APY
Investor Price
$1,899,900
$84,100
Projected Income
3.80%
Estimated ROI

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