1517 BAY PALM BOULEVARD

INDIAN ROCKS BEACH, FL 33785

Under contract-accepting backup offers. Prime Investment Opportunity – 6-Unit Apartment Building in Indian Rocks Beach! Located just steps from Kolb Park and a short stroll to the pristine beaches of Indian Rocks Beach, this 6-unit multifamily property is a rare find in a highly sought-after vacation destination. The building consists of five 1-bedroom, 1-bath units, one studio unit, and an on-site coin-operated laundry room—making it an ideal investment for short-term rentals, which are permitted by the city! The property, built with durable block construction, sustained flooding from Hurricane Helene but has been professionally remediated and is now ready for updates. The buildings feature new roofs installed last year, providing a strong foundation for future improvements and increased rental potential. With its prime location, this property offers strong income potential as a vacation rental or long-term investment, catering to beachgoers and seasonal visitors year-round. Best of all, the seller is also offering the 2-bedroom, 1-bath home across the street (MLS# TB8357777)—a perfect option for on-site management or additional rental income. The seller prefers to sell both properties as a package and is offering owner financing with competitive rates and a substantial down payment. Don’t miss this chance to own a turnkey investment property in a booming beachside market. Contact us today for more details or to schedule a private showing!

Listing courtesy of KELLER WILLIAMS GULF BEACHES 7277420764



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Last checked: 2025-04-04 05:44 PM EDT