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

Heating System:: Other
Cooling System:: Mini-Split Unit(s)
Patio:: Covered, Front Porch, Wrap Around
Parking:: Off Street, Open, Parking Pad
Exterior Features:: Lighting, Irrigation System, Rain Gutters, Courtyard, Fence, Outdoor Shower, Awning(s)
Flooring:: Tile
Interior Features:: 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
Laundry Features:: Other
Sewer:: Public Sewer
Utilities:: Cable Available, Public, Electricity Connected, Phone Available, Sewer Connected, Water Connected, Sprinkler Well
Window Features:: Impact Glass/Storm Windows

Appliances

Appliances:: Range, Dishwasher, Refrigerator, Electric Water Heater, Microwave, Disposal, Ice Maker, Freezer, Tankless Water Heater

Address Map

Country:: US
State:: FL
County:: Pinellas
City:: Madeira Beach
Subdivision:: MADEIRA MANOR
Zipcode:: 33708
Street:: 143RD
Street Number:: 129
Street Suffix:: AVENUE
Longitude:: W83° 12' 16.8''
Latitude:: N27° 47' 51.2''
Directions:: From Tom Stuart Cswy, turn left onto Gulf Blvd, turn left onto 143rd Ave, property is on the right.
Mls Area Major:: 33708 - St Pete/Madeira Bch/N Redington Bch/Shores
Street Dir Suffix:: E
Zoning:: 08

Neighborhood

Elementary School:: Orange Grove Elementary-PN
High School:: Seminole High-PN
Middle School:: Seminole Middle-PN

Additional Information

Lot Size Dimensions:: 62x98
Water Source:: Public
Water Body Name:: GULF OF MEXICO
Virtual Tour:: https://www.propertypanorama.com/instaview/stellar/U8246564
On Market Date:: 2024-06-13
Number Of Units Total:: 4
Lot Features:: Paved, Private, Level, Flood Insurance Required, FloodZone, Landscaped, City Limits, Near Marina, Near Public Transit
Levels:: One
Foundation Details:: Slab
Construction Materials:: Block, Concrete, Stucco
Building Size:: 2160