Property Attributes
- MLS#U8225132
- TypeIncome
- CountyPINELLAS
- CityMADEIRA BEACH
- AreaSt Pete-Madeira Bch-N Redington Bch-Shores
- NeighborhoodPages Rep Of Mitchells Beach
- Zip33708
- StyleMulti Family
- Year Built1958
- Taxes$ 9022
- Price$ 1,000,000
- Bedrooms0
- Full Bathrooms6
- Half Bathrooms0
- Sqr Footage1890
- Lot Size0.19 Acres
Data Source:
Stellar MLS
Property Description
SUBJECT TO/CREATIVE FINANCING! Amazing 6-unit FULLY FURNISHED multifamily property in the heart of Madeira Beach. Incredible opportunity for a 1031 exchange. Situated on a DOUBLE lot with endless possibilities for adding amenities, boat parking, a pool, fire pit, beach volleyball court, amenities, and so much more. One lot consists of 6 separately metered studios and the other lot is vacant land. This is the crown jewel of any multifamily portfolio with lots of ways to add value to this already stunning property. Ability to take out the water toys on the intercostal as well as mere steps away from the sugar sand Madeira Beach and John’s Pass Village. Call today and don’t miss out on this amazing investment! Will generate income of around $144,000 per year as a seasonal rental or $126,000 per year as an annual rental. Also, owner financing available with a minimum of a $400k down payment. Please see the attached financials and creative financing options!
Price History | |
---|---|
4/2/2024 | Listed $1,050,000 |
6/10/2024 | 5% - $1,000,000 |
General Features
Interior Features | Open Floorplan,Vaulted Ceiling(s),Window Treatments |
---|---|
Sewer | Public Sewer |
Heating | Wall Units / Window Unit |
Cooling | Mini-Split Unit(s),Wall/Window Unit(s) |
Utilities | Cable Available,Cable Connected,Electricity Available,Electricity Connected,Public,Sewer Available,Sewer Connected,Water Available,Water Connected |
Roof | Shingle |
Appliances | Cooktop,Dishwasher,Microwave,Range,Refrigerator |
Exterior Features | Awning(s),Lighting |
Patio/Porch Features | Covered |
Construction Materials | Wood Frame |
Year Built | 1958 |
Levels | One |
Property SubType | Multi Family |
Tax Year | 2022 |
Percent Ownership | Fee Simple |
Gross Income | 144000 |
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),Storage |
Status | Active |
Directions | From Treasure Island Causeway,turn right on Gulf Blvd,turn right on 133rd Ave E,turn right on 3rd St E and house is on the left. |
ModificationTimestamp | 2024-06-10T22:00:02.237Z |
City | MADEIRA BEACH |
Buyer Agent Compensation | 3%-$395 |
View Y/N | No |
Senior Community Y/N | No |
NumberOfUnitsTotal | 6 |
MLS Area | 33708 - St Pete/Madeira Bch/N Redington Bch/Shores |
Lot Size Units | Square Feet |
Lot Size Square Feet | 8124 |
Waterfront Y/N | No |
Carport Y/N | No |
Street Name | 3rd |
Land Lease Y/N | No |
Tax Annual Amount | 9022.7 |
Ok to Lease | >6 Months |
Additional Parcels Y/N | No |
Virtual Tour | https://www.propertypanorama.com/instaview/stellar/U8225132 |
Days on Market | 105 |
Building Area Units | Square Feet |
Living Area Units | Square Feet |
Standard Status | Active |
Occupancy Type | Vacant |
Tax Lot | 2 |
Total Actual Rent | 12000 |
Legal Description | PAGE'S REPLAT OF MITCHELL'S BEACH BLK J,LOTS 2 AND 3 |
Water Access Y/N | No |
Water View Y/N | No |
Flood Zone Code | AE |
Interior Features
Flooring | Vinyl |
---|---|
Furnished Y/N | Turnkey |
Air Conditioning Y/N | Yes |
Heating Y/N | Yes |
Fireplace Y/N | No |
Laundry Features | None |
LivingAreaSource | Public Records |
Total Baths | 6 |
Exterior Features
Lot Features | FloodZone,Irregular Lot,Level,Near Marina,Oversized Lot |
---|---|
Water Source | Public |
Lot Size Area | 8124 |
Foundation Details | Crawlspace |
Number of Buildings | 1 |
Building Area Total | 2330 |
Lot Dimensions | 80 x 104 |
Street Suffix | STREET |
Lot Size Acres | 0.19 |
Road Surface Type | Asphalt |
Number of Separate Water Meters | 1 |
Number of Separate Electric Meters | 6 |
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