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PRICE REDUCED -- 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 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!
| DAYS ON MARKET | 374 | LAST UPDATED | 9/23/2024 |
|---|---|---|---|
| TRACT | PAGES REP OF MITCHELLS BEACH | YEAR BUILT | 1945 |
| COMMUNITY | 33708 - St Pete/Madeira Bch/N Redington Bch/Shores | COUNTY | Pinellas |
| STATUS | Active | PROPERTY TYPE(S) | Multi Family |
| Elementary School | Orange Grove Elementary-PN |
|---|---|
| Jr. High School | Seminole Middle-PN |
| High School | Seminole High-PN |
| PRICE HISTORY | |
| Prior to Sep 7, '24 | $779,000 |
|---|---|
| Sep 7, '24 - Sep 23, '24 | $774,000 |
| Sep 23, '24 - Today | $749,900 |
| ADDITIONAL DETAILS | |
| AIR | Wall/Window Unit(s) |
|---|---|
| AIR CONDITIONING | Yes |
| APPLIANCES | Dryer, Range, Refrigerator, Washer |
| AREA | 33708 - St Pete/Madeira Bch/N Redington Bch/Shores |
| CONSTRUCTION | HardiPlank Type |
| EXTERIOR | Lighting |
| INTERIOR | Open Floorplan |
| LOT | 3920 sq ft |
| LOT DESCRIPTION | Landscaped, Near Public Transit, Paved |
| LOT DIMENSIONS | 40x104 |
| SEWER | Public Sewer |
| SUBDIVISION | PAGES REP OF MITCHELLS BEACH |
| TAXES | 5444 |
| UTILITIES | Electricity Connected, Sewer Connected, Water Connected |
| WATER | Public |
MORTGAGE CALCULATOR
TOTAL MONTHLY PAYMENT
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Listing provided by Beverly Grace, GRACE REALTY & PROPERTY MGMT, 800-497-4072
The information contained herein has been provided by My Florida Regional MLS DBA Stellar MLS. IDX information is provided exclusively for consumers' personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the MLS. Listings last updated 11/1/24 9:26 PM PDT.
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