$950,000
117 140th Ave E, Madeira Beach, FL 33708
- 6Beds
- 4Baths
- 2806SqFt
- 6Beds
- 4Baths
- 2806SqFt
- Property TypeCondo
- Year Built1971
- Price per Sqft$339
- On highrises26 Days
Property Details
Under contract-accepting backup offers. 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.
Property Features
Bedrooms
- Bedrooms: 6
Property History
Neighborhood
Environmental Risk
Nearby Home Values
- Presented by:
- Michael Wyckoff, GRI, CRB, CNE
- state license#3006024
- Brokered by:
- Engel & Völkers Madeira Beach