Property Description

This Madeira Beach duplex offers a strong value-add opportunity in a high-demand coastal rental market with excellent pro-forma income potential. Each unit is a 1-bedroom, 1-bath layout, and based on recent area comparables, fully renovated units in this neighborhood can command approximately $1,800 a month per side. This positions the property for a projected gross annual income of roughly $43,000 after renovation. The structure is block-on-slab with a duplex configuration plus a detached garage that includes an additional bathroom, offering potential for added storage, workspace, or possible future income uses subject to zoning and permitting. The roofs are approximately nine years old and in good condition. The property experienced flooding during Hurricane Helene and has not been rebuilt since. This setup allows a new owner to complete improvements to their preferred standard and maximize rental income. Property is being sold as-is.

Features

Heating System:: None
Cooling System:: None
Exterior Features:: Private Entrance
Interior Features:: Ninguno
Laundry Features:: In Garage
Sewer:: Public Sewer
Utilities:: Sewer Available, Water Available

Address Map

Country:: US
State:: FL
County:: Pinellas
City:: Madeira Beach
Subdivision:: GULF SHORES 6TH ADD REP
Zipcode:: 33708
Street:: PARSLEY
Street Number:: 14140
Street Suffix:: DRIVE
Longitude:: W83° 12' 38.6''
Latitude:: N27° 47' 56.7''
Directions:: From Gulf Blvd, turn east onto 150th Ave. Continue over the Tom Stuart Causeway into Madeira Beach. Turn right onto Duhme Road (Alt 19), then turn left onto Marguerite Drive. Follow Marguerite Drive to E Parsley Drive and turn right. Property will be on the left.
Mls Area Major:: 33708 - St Pete/Madeira Bch/N Redington Bch/Shores
Street Dir Prefix:: E