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117 140TH AVE E Madeira Beach, FL 33708
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Key Details
Sold Price $1,215,000
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Sold
Purchase Type For Sale
Square Footage 2,806 sqft
Price per Sqft $433
Subdivision Gulf Shores 3Rd Add Rep
MLS Listing ID U8120397
Sold Date 09/02/21
Construction Status Appraisal,Inspections
HOA Y/N No
Year Built 1971
Annual Tax Amount $10,495
Lot Size 5,227 Sqft
Acres 0.12
Property Description
Great Investment Opportunity!!! Welcome to a rare income producing property located on the intra-coastal waterways of Madeira Beach! This quadplex is turn key for any investor or for someone looking to live on the water and make instant income. Occupy the unit of your choice and let the tenants pay your mortgage. All 4 units are currently rented out with long term tenants but have the potential for 3 month minimum rentals. Each 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. All 4 units are separately metered and tenants pay for electricity. The fishing pier was recently rebuilt and could easily be permitted for two boat slips for additional potential income. Step out of the new hurricane impact sliding doors to view the beautiful intracoastal waterways or walk 322 feet across the street to beautiful Madeira Beach. Conveniently located next to coffee shops, restaurants, John's Pass, Tom Stuart Causeway, and just minutes from the 35 miles of powdery sand beaches. Do Not Disturb Tenants! All units will be available for inspection, once under contract.
Location
State FL
County Pinellas
Community Gulf Shores 3Rd Add Rep
Direction E
Rooms
Other Rooms Family Room
Interior
Interior Features Eat-in Kitchen, Kitchen/Family Room Combo, Living Room/Dining Room Combo, Open Floorplan, Solid Wood Cabinets, Thermostat, Window Treatments
Heating Electric
Cooling Central Air
Flooring Carpet, Laminate, Terrazzo
Fireplace false
Appliance Convection Oven, Cooktop, Disposal, Dryer, Electric Water Heater, Exhaust Fan, Freezer, Range, Range Hood, Refrigerator, Washer
Laundry Inside
Exterior
Exterior Feature Balcony, Lighting, Rain Gutters, Sidewalk, Sliding Doors, Storage
Garage Driveway, Parking Pad
Utilities Available BB/HS Internet Available, Cable Available, Electricity Available, Phone Available, Sewer Connected, Street Lights, Telephone Nearby, Underground Utilities, Water Connected
Waterfront true
Waterfront Description Intracoastal Waterway
View Y/N 1
Water Access 1
Water Access Desc Intracoastal Waterway
View Water
Roof Type Built-Up
Parking Type Driveway, Parking Pad
Garage false
Private Pool No
Building
Lot Description Flood Insurance Required, FloodZone, Near Golf Course, Near Marina, Near Public Transit
Entry Level Two
Foundation Slab
Lot Size Range 0 to less than 1/4
Sewer Public Sewer
Water Public
Structure Type Block,Concrete
New Construction false
Construction Status Appraisal,Inspections
Others
Senior Community No
Ownership Fee Simple
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Special Listing Condition None
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Bought with FLORIDA PROPERTY INVESTMENT
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