Hospitality Business for Sale in Treasure Island, FL

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Hospitality Business
  • Location: Treasure Island, FL 33706

Description

An 8-unit, fully furnished turnkey short-term rental property in Treasure Island, FL (Tampa Bay MSA). Investment Highlights: • An 8-unit, fully furnished turnkey short-term rental property • Situated at entrance to Crabby's on the Pass redevelopment site, with prominent exposure to future mixed-use waterfront project • Just one block to Gulf beaches and a five-minute walk to John's Pass Village & Boardwalk – a major retail, dining, and entertainment destination • Recently renovated boutique STR asset comprised of six one-bedroom/one-bath units and two two-bedroom/one-bath units, all fully furnished • Ownership has spent over $750,000 in capital improvements since acquisition • Upgrades include new roofing on both structures, electric, plumbing, flooring, kitchens, bathrooms, new appliances in all units and parking lot • All appliances and custom furnishings are included with the sale • In-season nightly rental rates average $170+ for one-bedroom units and $210+ for two-bedroom units during the January–May peak season

Market Context

This hospitality in Treasure Island, FL is listed for sale. It is offered at an approximate 7.8% capitalization rate, a key benchmark for income-producing hospitality assets. It has been on the market for 68 days. Compare it against other hospitality listings for sale in Treasure Island, FL — <a href="/search/sale/hospitality/florida/treasure-island">view the full market</a>.

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