The property located at 18100 Gulf Blvd in Redington Shores, FL, is a 4-unit vacation rental situated in a highly desirable area just steps from the beach. This prime Gulf Coast location offers significant potential for both short-term and long-term rental income, making it an attractive opportunity for investors. The property was impacted by Hurricane Milton, resulting in varying degrees of damage across the units. One unit on the second level remains in good condition, requiring minimal repairs and suitable for immediate occupancy or rental, while the remaining three units will need renovations to restore them to rentable condition.
The property is being sold as-is, presenting an excellent value-add opportunity for buyers looking to increase equity and income potential through renovations. Zoned for short-term rentals, this property is positioned to capitalize on the high demand for vacation accommodations in Redington Shores. With its proximity to the beach, strong rental market, and competitive pricing, this property offers immediate income potential from the second-level unit while providing the opportunity to significantly enhance overall value through improvements. For an investor seeking a well-located project with substantial upside, 18100 Gulf Blvd is an exceptional opportunity.