UPDATED:
09/24/2024 02:51 PM
Key Details
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Active
Purchase Type For Sale
Square Footage 1,273 sqft
Price per Sqft $589
Subdivision Pages Rep Of Mitchells Beach
MLS Listing ID U8218713
HOA Y/N No
Originating Board Stellar MLS
Year Built 1945
Annual Tax Amount $5,444
Lot Size 3,920 Sqft
Acres 0.09
Lot Dimensions 40x104
Property Description
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 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!
Location
State FL
County Pinellas
Community Pages Rep Of Mitchells Beach
Direction E
Interior
Interior Features Open Floorplan
Heating Wall Units / Window Unit
Cooling Wall/Window Unit(s)
Fireplace false
Appliance Dryer, Range, Refrigerator, Washer
Laundry Laundry Closet, Outside
Exterior
Exterior Feature Lighting
Utilities Available Electricity Connected, Public, Sewer Connected, Street Lights, Water Connected
Waterfront false
Roof Type Shingle
Garage false
Private Pool No
Building
Lot Description Flood Insurance Required, FloodZone, Landscaped, Near Public Transit, Paved
Foundation Slab
Lot Size Range 0 to less than 1/4
Sewer Public Sewer
Water Public
Structure Type HardiPlank Type,Wood Frame
New Construction false
Schools
Elementary Schools Orange Grove Elementary-Pn
Middle Schools Seminole Middle-Pn
High Schools Seminole High-Pn
Others
Senior Community No
Ownership Fee Simple
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Special Listing Condition None
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