El Mar Apartments – Closed on June 4, 2018

El Mar Apartments – Closed on June 4, 2018

Price: $ 1,450,000

Total Number of Units: 10

Address: 701 1st Street, Indian Rocks Beach, FL 33785, USA

  • Well-Built 1970’s Vintage Concrete Block Construction
  • Amenitized Property Consisting of a Large Courtyard, Grilling Station, and On-Site Laundry
  • Ability to Operate as Annual or Prime Seasonal Rentals
  • Current Rents are 18% Below Market Comparable Rents
  • Opportunity to Realize a 12%+ Cash-On-Cash Return Near the Beach

Lead Agent(s): Benjamin N. Skinner

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Location Highlights

  • Located Just a Two-Minute Walk from Indian Rocks Beach Public Beach Access
  • Well Positioned with Major Retailers Such as Publix, Walmart, and Starbucks Within Three Minutes From the Property
  • Situated Along the West Coast of Florida Known for its World Renown Beach

Additional Photos