Property Description
Discover a prime investment opportunity with this METICULOUSLY RENOVATED 4-UNIT INCOME PROPERTY, perfectly situated less than a block from the beach! Every aspect of this building has been UPDATED, ensuring a turnkey experience for investors. This property is pre-inspected, has never flooded, offers an assumable flood policy and is listed below recent appraised value. Projected annual NOI of approximately $123,000, representing a CAP RATE of nearly 10%. Every detail has been meticulously attended to in this revitalization, which includes all new HVAC systems, plumbing, new roof, hurricane impact windows and doors, electrical systems, updated kitchens, updated baths, updated flooring, interior and exterior paint, new tankless water heaters, vinyl fencing and solid block construction. Inside, each unit features beautiful kitchens adorned with quartz counters, new appliances, tile plank flooring throughout, luxury furniture, fixtures and amenities. Outside you will find a fenced yard, dedicated off-street parking, an outdoor shower and beautiful newly laid pavers. For those seeking to live near the beach, this property is ideal for owner-occupancy. Live in one unit and let the rental income from the other three units cover your expenses. This setup is perfect for those looking to reduce their cost of living while building equity and enjoying a laid back beach lifestyle! Strategically positioned just 600 feet from the sugar sands of Madeira Beach, the location is unbeatable. Occupants can easily stroll to nearby restaurants, shops, and the lively John’s Pass Village. The property is being offered fully FURNISHED and turnkey, making it the perfect second home or investment and providing a hassle-free addition to any portfolio. A detailed list of property features and improvements is attached for a comprehensive review. DON’T MISS OUT ON THIS RARE OPPORTUNITY TO OWN A HIGH-YIELDING, FULLY RENOVATED INCOME PROPERTY IN A PRIME BEACHSIDE LOCATION. Whether you’re an experienced investor or looking to enter the market, this property promises substantial returns and long-term growth. Contact us today to schedule a viewing and see the potential for yourself!
Features
: Other
: Mini-Split Unit(s)
: Covered, Front Porch, Wrap Around
: Off Street, Open, Parking Pad
: Lighting, Irrigation System, Rain Gutters, Courtyard, Fence, Outdoor Shower, Awning(s)
: Tile
: Ceiling Fans(s), Open Floorplan, Living Room/Dining Room Combo, Kitchen/Family Room Combo, Window Treatments, Stone Counters, Solid Wood Cabinets, Solid Surface Counters, Built-in Features
: Other
: Public Sewer
: Cable Available, Public, Electricity Connected, Phone Available, Sewer Connected, Water Connected, Sprinkler Well
: Impact Glass/Storm Windows
Appliances
: Range, Dishwasher, Refrigerator, Electric Water Heater, Microwave, Disposal, Ice Maker, Freezer, Tankless Water Heater
Address Map
US
FL
Pinellas
Madeira Beach
MADEIRA MANOR
33708
143RD
129
AVENUE
W83° 12' 16.8''
N27° 47' 51.2''
From Tom Stuart Cswy, turn left onto Gulf Blvd, turn left onto 143rd Ave, property is on the right.
33708 - St Pete/Madeira Bch/N Redington Bch/Shores
E
08
Neighborhood
Orange Grove Elementary-PN
Seminole High-PN
Seminole Middle-PN
Additional Information
62x98
: Public
GULF OF MEXICO
https://www.propertypanorama.com/instaview/stellar/U8246564
2024-06-13
4
: Paved, Private, Level, Flood Insurance Required, FloodZone, Landscaped, City Limits, Near Marina, Near Public Transit
: One
: Slab
: Block, Concrete, Stucco
2160
Financial
6624
Listing Information
Amber Stodart
260052766
260015246
CENTURY 21 BEGGINS
260038123
260010524
Cash,Conventional,FHA,VA Loan
Canceled
2024-09-16T16:21:07Z
Stellar
: None
2024-09-16T16:19:33Z
Residential Income For Sale
129 143rd Ave E, Madeira Beach, Florida 33708
5 Bedrooms
4 Bathrooms
1,827
$1,265,000
Listing ID #U8246564
Basic Details
Property Type : Residential Income
Listing Type : For Sale
Listing ID : U8246564
Price : $1,265,000
Bedrooms : 5
Bathrooms : 4
Square Footage : 1,827
Year Built : 1952
Lot Area : 0.14 Acre
Property Sub Type : Quadruplex
Roof : Membrane