117 140TH AVE E new Save Request In-Person Tour Request Virtual Tour
Madeira Beach,FL 33708
Key Details
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Active
Purchase Type For Sale
Square Footage 2,806 sqft
Price per Sqft $338
Subdivision Gulf Shores 3Rd Add Rep
MLS Listing ID TB8331177
Bedrooms 6
Year Built 1971
Annual Tax Amount $17,250
Lot Size 5,227 Sqft
Property Description
Great Investment Opportunity,. less than 1 block from the beach!!! Welcome to a rare income producing property located on the intracoastal waterway in beautiful Madeira Beach. This quadplex is a great opportunity for an investor or for someone looking to live on the water and make instant income. Occupy the unit of your choice and rent the others, or maximize your income by renting all four. Easy to rent long-term or seasonally, with a 3 month minimum rental. All unit is completely remodeled, including new stackable washer/dryer combos, elevated A/C units, water heaters, updated kitchens and bathrooms, new ceiling fans, and flooring. The two lower units did suffer flood damage and will need to be renovated. All 4 units are separately metered and tenants pay for electricity. The fishing pier was recently rebuilt and the ability to add two boat slips is there, for additional potential income. Step out of the newer hurricane impact sliding doors to view the beautiful intracoastal waterway or travel just 100 yards to sugar-sand of beautiful Madeira Beach. Conveniently located near restaurants, John's Pass Village and Boardwalk, Downtown Madeira Beach, Tom Stuart Causeway, and everything else the Gulf Beaches have to offer. Just 40 minutes' drive to Tampa International Airport and an easy drive to the Orlando theme parks. These units are a rare affordable rental on the beaches, making it easy to find tenants. Please do not walk the property or disturb the tenants without a confirmed appointment.
Location
State FL
County Pinellas
Community Gulf Shores 3Rd Add Rep
Interior
Heating Central,Electric
Cooling Central Air
Laundry None
Exterior
Exterior Feature Balcony
Parking Features Driveway,Parking Pad
Utilities Available Electricity Connected,Public,Sewer Connected,Water Connected
Waterfront Description Canal - Saltwater,Intracoastal Waterway
View Y/N Yes
Water Access Yes
View Water
Roof Type Built-Up
Building
Foundation Slab
Sewer Public Sewer
Water Public
Structure Type Block
New Construction false
Schools
Elementary Schools Orange Grove Elementary-Pn
Middle Schools Seminole Middle-Pn
High Schools Seminole High-Pn
Others
Acceptable Financing Cash,Conventional
Listing Terms Cash,Conventional
Special Listing Condition None