145 116th Ave Treasure Island, FL 33706
Property details
About 145 116th Ave
Under contract-accepting backup offers. Prime investment opportunity in Treasure Island. This highly sought-after location is consistently in high demand from tenants, ensuring minimal vacancies and a steady stream of rental income and high potential for future appreciation in property value. This is a Turnkey 15-unit multifamily building with a mix of unit types—6 one-bedroom, one-bath units, and 9 two-bedroom, two-bath units, plus Full Washer & Dryer in each Unit. The variety allows for diverse tenant profiles. Every unit has a balcony that overlooks the scenic intracoastal waterway, adding a premium aspect that could attract tenants willing to pay a bit more for the view and waterfront living experience, plus it is just minutes walk to the Gulf Beaches. Exterior Features include Private Waterfront Pool, Dock, Outdoor Bathroom, Outdoor Shower, Grill and Bike Rack; all great features for tenants, enhancing the quality of life and making the property more appealing to renters. This building has an Elevator and Under-Building Designated parking as well as plenty of Guest Parking. 13 out of the 15 units are currently leased, with the remaining 2 used occasionnally by the owners. This shows that the property is actively rented, which can be reassuring to potential investors, as there's already an established rental income stream.
Highlights
(Pending)
Summary
- Appliances: Dishwasher, Dryer, Electric Water Heater, Range, Refrigerator, Washer
- Flooring Type: Carpet, Tile
- Interior: Ceiling Fans(s), Living Room/Dining Room Combo
- Total Bedroom Count: 24
- Private Pool: Yes
- Parking: Assigned, Covered, Guest, Under Building
- Waterfront: Intracoastal Waterway
- View: Water
- Exterior: Balcony, Irrigation System, Lighting, Outdoor Grill, Outdoor Shower, Private Mailbox, Sidewalk
- Heating: Central
- Cooling: Central Air
- List Price: $4,750,000
- Price/SqFt: $388
- Annual Tax Amount: $36,199
- Tax Year: 2023
- Lot: Flood Zone, Landscaped
- Directions: Gulf Blvd in Treasure Island to 116th Avenue to 145 116th Avenue, Jolly Roger Building on the Right.
- Year Built: 1987
- Living Area: 12,216 SqFt
- Lot Size: 0.65 Acres
- MLS Number: TB8342761
- MLS Name: MFRMLS
- Office Name: TOTAL REALTY SERVICES INC
- Office Phone: (727) 393-2534
- Listing Agent: Fatima Rapuano
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Last updated on: 5/8/2025, 11:49:28 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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$4,750,000
145 116th Ave
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Price information
Property sales
We're sorry, we currently don't have property sales data for this listing.
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2023 | $2,200,000 | $36,199 |
| 2022 | $2,200,000 | $36,454 |
| 2021 | $2,200,000 | $36,454 |
| 2020 | $2,100,000 | $36,772 |
| 2019 | $1,701,148 | $32,268 |
| 2018 | $1,546,498 | $27,819 |
| 2017 | $1,600,000 | $26,295 |
History based on county public records data.
Nearby schools
9
Gulf Beaches Elementary Magnet School
Public Magnet KG-5
2.0 mi
•8600 Boca Ciega Dr
7
Azalea Elementary
Public District PK-5
2.2 mi
•1680 74th St N
9
Pasadena Fundamental Elementary School
Public Magnet KG-5
2.2 mi
•95 72nd St N
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $59,139. Most Treasure Island, FL residents have annual incomes between $35k-100k. Most families are single, no kids. Typical level of education for residents in this area is high school diploma.
How much money do the neighbors make?
What level of education do the neighbors have?
What types of families live nearby?
Are the neighbors home owners or renters?
How old are people in this area?
What do the neighbors do for fun?
Figure Skating
Hiking/backpacking
Symphony or Opera
Where do the neighbors shop?
Chico's
Nordstrom Rack
Stein Mart
Where do the neighbors go to eat?
Bob Evans
Chipotle
Boston Market
What do the neighbors drive?
Oldsmobile
Mazda
Volvo
What do the neighbors listen to?
News
Rock
Talk/Personality
This home is located at 145 116th Ave in Treasure Island, FL and zip code 33706 in the Treasure Island Downtown neighborhood. This 12,216 square foot home, which was built in 1987, sits on a 0.65 acre lot. Features: 24 bedrooms, 24 bathrooms. It has been listed on Rocket Homes since February 13, 2025 and is currently priced at $4,750,000.
Over 0 listings were sold over their listed price in April 2025 in Treasure Island, FL. In the same period over 21 listings were sold below the listed price and 0 listings were sold for the listed price. Between March and April 2025, Treasure Island, FL real estate market has seen increase in the number of listings by 4.4%. While the average time on the market in April 2025 was 86 days, the median list price was $745,000.