Turnkey Beachside Quadplex | Sunset Beach, Treasure Island | Fully Leased Investment Opportunity
Welcome to 135 86th Terrace, Treasure Island, an exceptional four-unit income-producing property located just steps from the sugar-white sands of Sunset Beach. Rarely does an investment opportunity combine a premier beach location, extensive renovations, professional management, and immediate… Read More cash flow into one turnkey package.
This fully leased quadplex features four spacious 1-bedroom, 1-bathroom units, each approximately 750 square feet, thoughtfully renovated with modern flooring, fresh interior paint, updated kitchens, appliances, central HVAC, and attractive finishes designed to maximize tenant appeal. Every unit is occupied with annual leases in place, creating reliable, immediate rental income from day one.
Recent capital improvements provide peace of mind for years to come, including new HVAC systems installed in 2025 with elevated condensers, new exterior decks, updated electrical panels, and convenient on-site indoor laundry facilities. Each unit also includes its own assigned outdoor storage area, providing tenants with dedicated space for beach chairs, bicycles, paddleboards, fishing gear, and other beach essentials. The low-maintenance design and recent upgrades make this a true plug-and-play investment.
Beach access is directly across the street, allowing tenants to enjoy one of Florida's most desirable coastal lifestyles. Residents are within walking distance of local favorites including Caddy's Treasure Island and Ka'Tiki, while also enjoying convenient access to St. Pete Beach, Downtown St. Petersburg, Clearwater Beach, shopping, dining, entertainment, and Tampa International Airport.
Current annual leases generate monthly rents of $1,975 (Unit 1), $1,975 (Unit 2), $1,800 (Unit 3), and $2,250 (Unit 4), providing immediate, stable cash flow in one of Tampa Bay's most desirable beach communities. Whether you're expanding your rental portfolio, completing a 1031 Exchange, or utilizing a DSCR loan to acquire a cash-flowing asset, this property checks every box for today's investor.
Opportunities like this are increasingly difficult to find—a professionally managed, fully occupied, recently renovated beachside quadplex in a prime location with immediate income and long-term appreciation potential.
PLEASE DO NOT DISTURB TENANTS OR WALK THE PROPERTY WITHOUT A CONFIRMED APPOINTMENT. Private showings are available by appointment only. Read Less
Courtesy of COLDWELL BANKER REALTY 727-360-6927
Listing Snapshot
Days Online
0
Last Updated
Property Type
Quadruplex
Beds
4
Square Ft.
3,116
Lot Size
0.09 Acres
Year Built
1941
MLS Number
TB8524476
Additional Details
Property Access
Road Surface: Paved
Appliances & Equipment
Convection Oven, Dryer, Electric Water Heater, Ice Maker, Microwave, Refrigerator, Washer
Basement
Crawl Space
Building
Built in 1941, Living area: 3116, Living area units: Square Feet
Cooling
Central Air
Floors
Laminate, Luxury Vinyl, Wood
Foundation
Pillar/Post/Pier
Heating
Electric
Interior Features
Ceiling Fans(s), Kitchen/Family Room Combo, Living Room/Dining Room Combo, Open Floorplan, Primary Bedroom Main Floor, Stone Counters, Walk-In Closet(s)
Laundry
Common Area, Electric Dryer Hookup, Inside, Outside, Same Floor As Condo Unit, Washer Hookup
Lot
0.09 acres, Dimensions: 80x50
Roof
Shingle
Sewer
Public Sewer
Taxes
Additional parcels description:, Parcel Number: 25-31-15-38412-000-0270, Public Survey Range: 15, Public Survey Section: 25, Annual Amount: $15,738, Tax Block: 000000, Tax Book Number: 21-26, Legal Description: HERRON'S SUB NO. 6 LOT 27 & THAT PART OF LOT 26 DESC BEG SE COR OF LOT 27 TH N00D02'E 50FT TH S89D58'E 11.70FT TH S00D02'W 20.50FT TH S89D58'E 16.30FT TH S00D02'W 29.50FT TH N89D58'W 28FT TO POB, Lot: 27, Year: 2024
Utilities
Electricity Connected, Public, Sewer Connected, Water Connected, Water Source: Public
Windows
Aluminum Frames
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