3200 GULF BLVD #111 Belleair Beach, FL 33786

This rare offering WILL NOT LAST LONG. Gulf front, income producing unit with NO RENTAL RESTRICTIONS. Enjoy paradise on Belleair Beach, where you can relax in comfort and at the same time make an excellent passive income. Enjoy your days in the sun and your evenings on your Gulf front balcony enjoying sunsets at the Beach! Enjoy cooking out on the barbecue grills or strolling the beach. Close to Sand Key Plaza. Short drive to airports. The offering is a turnkey one bedroom/one bathroom updated Gulf-front condo. The floor plan is open with a bedroom that boasts a comfortable queen-sized bed with full length mirror and two nightstands. Porcelain tile flooring, white quartz countertops, glass cooktop burner, and new white appliances complete the eat-in kitchen. The condo is 35 ft from the heated pool, which also faces the Gulf of Mexico. The unit is located on the bottom floor near the elevator and ramp for easy access to parking. Currently used as a vacation rental, the unit generated over $30,000 net yearly averaged over the past 2 years at a 6.6% cap rate. We are expecting to see a substantial increase in revenue for 2021 and beyond, as the pandemic resolves. Rental income available upon request. The building is currently undergoing deferred improvements that have already been priced into the HOA fees. The condo comes fully furnished, and the current owners are willing to provide the new owner with all existing bookings and a 2 week consultation service at no charge.