$575,000
1809 Gulf Blvd Apt C1, Indian Rocks Beach, FL 33785
- 2Beds
- 2Baths
- 878SqFt
- 2Beds
- 2Baths
- 878SqFt
- Property TypeCondo
- Year Built1981
- Price per Sqft$655
- On highrises3 Days
- Garage2 Cars
Property Details
Sale is for 1 of 4 unit condo building in IRB. Del Mar Condos units all share a similar 2BED/2BATH floor plan, 878sqft each with an open kitchen concept, living room, dining area, in unit washer and dryer, and front covered balconies to enjoy sunset beach views. Enjoy Gulf sunset views from the third floor balconies. The condo units are operated as a successful STR business with no minimum rental restrictions which results in endless revenue potential for the next owner/operator. All units must be SOLD Together with all furnishings, bedding, indoor& outdoor furniture to operate STR. each unit has its own, VERY HARD TO FIND 2 car tandem garages with front and rear access roll up doors. All units have been renovated in the past to include granite countertops, solid real wood cabinets, newer appliances, newer hot water heaters, flooring, and interior Paint. DEL MAR CONDOMINIUMS sit strategically directly across street from 2 beach access points and walking distance to many venues and dinning on IRB. After a long day on the beach, you can enjoy your time in the tropical oasis backyard gas heated pool and spa that is shared only between 4 units. This property is exempt from local STR ordinances changes impacting Pinellas county & IRB due to its zoning! Buyers inquire to learn more about zoning advantages. Current financials as of 7/2025 show $27, 200/month gross revenue avg. NOI of $213K! 9% CAP RATE. Offered below replacement cost when factoring Land and todays construction cost to rebuild and furnish. This rare turn key opportunity to acquire Four (4) fee simple condominiums in one free standing building across the street from the sugary sands of IRB! Since all units are under the same ownership there are no monthly condo/HOA fees, nor assessments required! Due to 11ft elevation Flood insurance is a fraction of the cost compared to other properties in the area. Hazard insurance is grossly discounted due to all units having newer impact resistant windows and double pane sliding glass doors on all 4 balconies, and a Brand-new shingle roof installed in 9/2022. Over $250K Capital investment improvements from ownership (list available) Property recently completed a clear Phase 1 condo study with no issues or assessments required. schedule an appointment and do not walk the property or speak to guest as this may disqualify you as a buyer. All information in this listing is for informational purposes and buyer(s)/buyers agents are responsible for independently verifying any and all information.
Property Features
Other Rooms
- Total Rooms: 4
- Living Room Dimensions: 8 x 10
- Living Room Level: First
Property History
Neighborhood
Environmental Risk
Nearby Home Values
- Presented by:
- Ben Mitrano
- state license#3453922
- Brokered by:
- LPT REALTY LLC
- (877) 366-2213
Also at 1809 Gulf Blvd
