129 143rd Avenue E Madeira Beach, FL 33708
Listing Courtesy of: STELLAR / Century 21 Beggins Enterprises / Bob Dean / CENTURY 21 Beggins Enterprises / Amber Stodart - Contact:  800-541-9923

  129 143rd Avenue E Madeira Beach, FL 33708

Active (39 Days)
$1,265,000
5
BED
4
BATH
1,827
SQFT

Description

Discover a prime investment opportunity with this METICULOUSLY RENOVATED 4-UNIT INCOME PROPERTY, perfectly situated less than a block from the beach! Every aspect of this building has been UPDATED, ensuring a turnkey experience for investors. This property is pre-inspected, has never flooded, offers an assumable flood policy and is listed below recent appraised value. Projected annual NOI of approximately $123,000, representing a CAP RATE of nearly 10%. Every detail has been meticulously attended to in this revitalization, which includes all new HVAC systems, plumbing, new roof, hurricane impact windows and doors, electrical systems, updated kitchens, updated baths, updated flooring, interior and exterior paint, new tankless water heaters, vinyl fencing and solid block construction. Inside, each unit features beautiful kitchens adorned with quartz counters, new appliances, tile plank flooring throughout, luxury furniture, fixtures and amenities. Outside you will find a fenced yard, dedicated off-street parking, an outdoor shower and beautiful newly laid pavers. For those seeking to live near the beach, this property is ideal for owner-occupancy. Live in one unit and let the rental income from the other three units cover your expenses. This setup is perfect for those looking to reduce their cost of living while building equity and enjoying a laid back beach lifestyle! Strategically positioned just 600 feet from the sugar sands of Madeira Beach, the location is unbeatable. Occupants can easily stroll to nearby restaurants, shops, and the lively John's Pass Village. The property is being offered fully FURNISHED and turnkey, making it the perfect second home or investment and providing a hassle-free addition to any portfolio. A detailed list of property features and improvements is attached for a comprehensive review. DON'T MISS OUT ON THIS RARE OPPORTUNITY TO OWN A HIGH-YIELDING, FULLY RENOVATED INCOME PROPERTY IN A PRIME BEACHSIDE LOCATION. Whether you're an experienced investor or looking to enter the market, this property promises substantial returns and long-term growth. Contact us today to schedule a viewing and see the potential for yourself!

MLS #:
U8246564
Taxes
$6,624(2023)
Lot Size
6,055 SQFT
Type
Multifamily
Year Built
1952
County
Pinellas County

Listed By

Bob Dean, Century 21 Beggins Enterprises, Contact: 800-541-9923
Amber Stodart, CENTURY 21 Beggins Enterprises
Source
STELLAR
Last checked Jul 22 2024 at 3:52 PM GMT+0000
Bathroom Details
Interior Features
  • Built-In Features
  • Ceiling Fans(s)
  • Kitchen/Family Room Combo
  • Living Room/Dining Room Combo
  • Open Floorplan
  • Solid Surface Counters
  • Solid Wood Cabinets
  • Stone Counters
  • Window Treatments
  • Appliances: Dishwasher
  • Appliances: Disposal
  • Appliances: Electric Water Heater
  • Appliances: Freezer
  • Appliances: Ice Maker
  • Appliances: Microwave
  • Appliances: Range
  • Appliances: Refrigerator
  • Appliances: Tankless Water Heater
  • Furnished
Subdivision
  • Madeira Manor
Lot Information
  • Flood Insurance Required
  • Floodzone
  • City Limits
  • Landscaped
  • Level
  • Near Marina
  • Near Public Transit
  • Private
  • Paved
Property Features
  • Foundation: Slab
Heating and Cooling
  • Other
  • Mini-Split Unit(s)
Flooring
  • Tile
Exterior Features
  • Block
  • Concrete
  • Stucco
  • Roof: Membrane
Utility Information
  • Utilities: Cable Available, Electricity Connected, Phone Available, Public, Sewer Connected, Sprinkler Well, Water Connected, Water Source: Public
  • Sewer: Public Sewer
School Information
  • Elementary School: Orange Grove Elementary-Pn
  • Middle School: Seminole Middle-Pn
  • High School: Seminole High-Pn
Parking
  • Off Street
  • Open
  • Parking Pad
Living Area
  • 1,827 sqft
Additional Listing Info
  • Buyer Brokerage Commission: 2.5%-$425
Location
   
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Estimated Monthly Mortgage Payment

*Based on Fixed Interest Rate withe a 30 year term, principal and interest only

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Disclaimer: Listings Courtesy of “My Florida Regional MLS DBA Stellar MLS © 2024. IDX information is provided exclusively for consumers personal, non-commercial use and may not be used for any other purpose other than to identify properties consumers may be interested in purchasing. All information provided is deemed reliable but is not guaranteed and should be independently verified. Last Updated: 7/22/24 08:52