129 143rd Avenue E, Madeira Beach, FL 33708

$1,265,000
5
BD
1,827
SqFt
List Price
$1,265,000
Status
Active
Days on Market
40
MLS#
U8246564
Property Style
Quadruplex
Year Built
1952
Bedrooms
5
Living Area
1,827
Lot Size
6,055
Acres
0.14
Total Acreage
0 to less than 1/4
Legal Subdivision Name
Madeira Manor
MLS Area Major
St Pete/Madeira Bch/N Redington Bch/Shores

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!

Additional Information

Taxes
$6624
Minimum Lease
3 Months
Annual Gross Income
152022
Location
Flood Insurance Required, FloodZone, City Limits, Landscaped, Level, Near Marina, Near Public Transit, Private, Paved
Community Features
No Deed Restriction
Property Description
One Story
Zoning
08
Interior Layout
Built-in Features, Ceiling Fans(s), Kitchen/Family Room Combo, Living Room/Dining Room Combo, Open Floorplan, Solid Surface Counters, Solid Wood Cabinets, Stone Counters, Window Treatments
Interior Features
Built-in Features, Ceiling Fans(s), Kitchen/Family Room Combo, Living Room/Dining Room Combo, Open Floorplan, Solid Surface Counters, Solid Wood Cabinets, Stone Counters, Window Treatments
Floor
Tile
Appliances
Dishwasher, Disposal, Electric Water Heater, Freezer, Ice Maker, Microwave, Range, Refrigerator, Tankless Water Heater
Utilities
Cable Available, Electricity Connected, Phone Available, Public, Sewer Connected, Sprinkler Well, Water Connected
Heating
Other
Air Conditioning
Mini-Split Unit(s)
Exterior Construction
Block, Concrete, Stucco
Exterior Features
Awning(s), Courtyard, Fence, Irrigation System, Lighting, Outdoor Shower, Rain Gutters
Roof
Membrane
Foundation
Slab
Pool
No Pool
Garage Features
Off Street, Open, Parking Pad
Elementary School
Orange Grove Elementary-Pn
Middle School
Seminole Middle-Pn
High School
Seminole High-PN
Water Name
Gulf Of Mexico
Water Access
Beach
Pets
Allowed
Flood Zone Code
AE
Parcel ID
09-31-15-54288-000-0150
Legal Description
MADEIRA MANOR LOT 15

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Listing courtesy of CENTURY 21 BEGGINS.

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