BEDS2
BATHS
SQUARE FEET926
MLS#TB8468928
STATUSActive
PROPERTY TYPEMulti Unit - Multiple
SUBDIVISIONISLE OF PALMS
Property Description
Income-Producing Treasure Island Duplex | *Walk to Beach*, Parks, Dining & ShopsWelcome to **11155 2nd St E, Treasure Island** a charming and versatile coastal duplex perfectly positioned just a short stroll to the sand, local parks, restaurants, and shops, offering the ideal blend of lifestyle and income potential.This flexible property is ideal for both investors and owner-occupants, allowing you to live in one unit and rent the other, or maximize returns by renting both units.Front Unit (2BR/1BA):Bright and inviting with abundant natural light, a cute private deck, and a dedicated laundry closet.A 12-month lease is currently in place for the front unit, providing immediate income and giving a new owner time to find the right tenant, plan a personal move-in, or reposition the property strategically while collecting rent.Rear Unit:Features a private entrance, its own private deck, and a storage shed. The layout is efficient and functional with kitchen appliances and generous closet space, making it perfect for long-term tenancy, seasonal use, or as a mortgage-supplementing rental while the owner occupies the front unit.Location Perks That Drive DemandResidents and tenants alike enjoy proximity to: Treasure Island Beach Trail, ideal for walking, biking, and enjoying Gulf sunsets Treasure Island Community Center & Park, offering green space and community amenities Treasure Bay Golf, Tennis & Pickleball, a premier waterfront recreational hub John's Pass Village & Boardwalk, featuring 100+ shops, restaurants, and water activitiesProperty Highlights & Recent Updates Separate water and electric meters for each unitCircular driveway providing valuable off-street parking Recent capital improvements, including: New roof installed late 2023 Cement shingle roof section installed in 2021 Central AC in one unit Brand-new ductless mini-split system installed in the other unit (2025) New lower kitchen cabinets and appliances installed in 2025Additional Notes Tenant-occupied - Please do not disturb tenants Showings require 24-48 hour notice Buyer to verify local short-term rental (STR) regulations Pre-qualified buyers only, pleaseWhether you're seeking a smart coastal investment or a lifestyle property with built-in income, this duplex delivers location, flexibility, and classic Treasure Island charm.
Property Features
Property Type: Multi Unit - Multiple
Cooling: Central Air, Mini-Split Unit(s)
Heating: Central, Heat Pump
Lot Size: 0.07 Acres
Roof Type: Concrete, Shingle
Stories: 1.0
Taxes: $5,831
Year Built: 1956
Amenities
Ceiling Fans(s)
Eat-in Kitchen
Kitchen/Family Room Combo
Awning(s)
Fence
Private Mailbox
Private Yard
Rain Gutters
Storage
Feature Descriptions
Annual Net Income: 29434.71
Appliances: Dryer, Microwave, Range, Refrigerator, Washer
Days on Site: 27
Directions: Gulf Blvd in Treasure Island to 112 East to 2nd St East- RT. address on Left Side
Exterior: Block, Stucco
Flood Zone Code: AE
Flooring: Ceramic Tile
Foundation: Slab
Home Warranty Y/N: No
Lease Terms: Twelve Months
Listing Terms: Cash, Conventional
Lot: Flood Insurance Required, FloodZone, City Limits, Landscaped, Near Marina, Near Public Transit, Paved
Lot Dimensions: 0.07
Other Equipment: Private Yard
Other Structures: Shed(s)
Ownership: Fee Simple
Parking: Circular Driveway, Driveway, On Street
Parking Notes: Circular Driveway, Driveway, On Street
Patio/Porch: Deck
Property Attached Y/N: Yes
Property Sub-Type: Duplex
Security: Smoke Detector(s)
Sewer: Public Sewer
Showing Instructions: Appointment Only
Special Sale Provisions: None
Units: 2
Utilities: Cable Available, Electricity Connected, Public, Sewer Connected, Water Connected
Water: Public
Water Access Y/N: No
Windows: Aluminum Frames, Blinds, Shades
Local Schools
High School: Boca Ciega High-PN
Middle School: Azalea Middle-PN
Elementary School: Azalea Elementary-PN
Listed By / Shown By
Listed By
Agency Name: HOMESCENE REALTY
Agency Contact: 727-877-5020
Shown By
Agent Name: Billy Norwood
Agent Phone: Cell: (727) 458-4154
Agency Title: Florida Executive Realty
Estimate Your Payment
Estimated Payment
$ 1,744.53 per month $1,112.78 Principal & Interest $485.92 Property Tax $145.83 Homeowner's InsuranceChange Payment Information
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11155 2nd Street E | MLS# TB8468928
This multi-family property located at 11155 2nd Street E, Treasure Island, FL 33706 is currently listed for sale with an asking price of $500,000. Search Treasure Island real estate on bnorwood.floridaexecutiverealty.com today.