Property Attributes
- MLS#U8218713
- TypeIncome
- CountyPINELLAS
- CityMADEIRA BEACH
- AreaSt Pete-Madeira Bch-N Redington Bch-Shores
- NeighborhoodPages Rep Of Mitchells Beach
- Zip33708
- StyleQuadruplex
- Year Built1945
- Taxes$ 5444
- Price$ 779,000
- Bedrooms0
- Full Bathrooms0
- Half Bathrooms0
- Sqr Footage1273
- Lot Size0.09 Acres
Data Source:
Stellar MLS
Property Description
Charming 4-Plex in Prime Madeira Beach Location Welcome to this fantastic investment opportunity in the heart of Madeira Beach! This well-maintained 4-plex offers a blend of two cozy efficiencies and two spacious one-bedroom, one-bathroom units. Boasting an unbeatable location, this property is less than a mile from the vibrant John's Pass and a mere half-mile from convenient public beach access. Key Features: Unit Composition: This 4-plex comprises two efficiently designed studios and two comfortable one-bedroom apartments. Prime Location: Nestled in the heart of Madeira Beach, residents enjoy easy access to the bustling John's Pass, renowned for its shopping, dining, and entertainment options. With public beach access just a short stroll away, sand and surf enthusiasts will delight in the convenience. Occupancy Status: Currently, all units are 100% occupied, ensuring steady rental income. Leases are set to conclude in the spring of 2024, providing flexibility for potential adjustments. Value Enhancement Opportunity: Rents are currently positioned at a competitive but conservative level, offering room for potential improvement. A savvy investor can optimize returns by adjusting rental rates in line with market trends. Additional Amenities: Dedicated parking spaces for each unit Coin operated laundry Landscaped grounds for a serene atmosphere Investment Potential: With its unbeatable location, solid occupancy rate, and the potential for increased rental income, this 4-plex presents an exceptional opportunity for both seasoned investors and those looking to enter the rental property market. Don't miss out on this chance to own a piece of Madeira Beach's vibrant real estate landscape. Schedule a viewing today to explore the full potential of this investment property!
Elementary School | Middle School | High School |
---|---|---|
Orange Grove Elementary-PN | Seminole Middle-PN | Seminole High-PN |
Price History | |
---|---|
10/25/2023 | Listed $779,000 |
11/30/2023 | 3% - $759,000 |
General Features
Interior Features | Open Floorplan |
---|---|
Sewer | Public Sewer |
Heating | Wall Units / Window Unit |
Cooling | Wall/Window Unit(s) |
Utilities | Electricity Connected,Public,Sewer Connected,Street Lights,Water Connected |
Roof | Shingle |
Appliances | Dryer,Range,Refrigerator,Washer |
Exterior Features | Lighting |
Construction Materials | HardiPlank Type,Wood Frame |
Year Built | 1945 |
Tenant Pays | Electricity |
Property SubType | Quadruplex |
Tax Year | 2023 |
Percent Ownership | Fee Simple |
Gross Income | 73428 |
County | Pinellas |
New Construction | No |
Property Type | Residential Income |
HOA / Comm Assn | No |
Subdivision Name | PAGES REP OF MITCHELLS BEACH |
Garage Y/N | No |
Other Structures | Shed(s) |
Status | Active |
Directions | Gulf Blvd to 133rd E to stop sign,stay right to 4th Street E. |
ModificationTimestamp | 2024-05-21T15:28:00.157Z |
High School | Seminole High-PN |
City | MADEIRA BEACH |
Buyer Agent Compensation | 2% |
Disclosures | Lead Paint,Seller Property Disclosure |
View Y/N | No |
Senior Community Y/N | No |
NumberOfUnitsTotal | 4 |
MLS Area | 33708 - St Pete/Madeira Bch/N Redington Bch/Shores |
Lot Size Units | Square Feet |
Lot Size Square Feet | 4060 |
Waterfront Y/N | No |
Carport Y/N | No |
Elementary School | Orange Grove Elementary-PN |
Land Lease Y/N | No |
Tax Annual Amount | 5444 |
Middle/Junior High School | Seminole Middle-PN |
Ok to Lease | 12 Months |
Additional Parcels Y/N | No |
Virtual Tour | https://www.propertypanorama.com/instaview/stellar/U8218713 |
Days on Market | 202 |
Building Area Units | Square Feet |
Living Area Units | Square Feet |
Standard Status | Active |
Occupancy Type | Tenant |
Tax Lot | 3 |
Legal Description | PAGE'S REPLAT OF MITCHELL'S BEACH BLK Q,LOT 3 |
Water Access Y/N | No |
Water View Y/N | No |
Flood Zone Code | AE |
Interior Features
Air Conditioning Y/N | Yes |
---|---|
Heating Y/N | Yes |
Fireplace Y/N | No |
Laundry Features | Laundry Closet,Outside |
LivingAreaSource | Public Records |
Exterior Features
Lot Features | Flood Insurance Required,FloodZone,Landscaped,Near Public Transit |
---|---|
Water Source | Public |
Lot Size Area | 4060 |
Foundation Details | Slab |
Number of Buildings | 1 |
Lot Dimensions | 40 x 104 |
Lot Size Acres | 0.09 |
Road Surface Type | Paved,Asphalt |
Road Frontage Type | Street Paved |
Road Responsibility | Public Maintained Road |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool