Pending

117 140TH AVE E

MADEIRA BEACH FL, 33708

$950,000


$338.56 per sqft

Pending

6 Beds

4 Baths

2,806 sqft

Multi-family

Built in 1971

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.

TB8331177

MLS ID

December 20, 2024

Listed

December 28, 2024

Updated

Map

117 140TH AVE E
MADEIRA BEACH FL, 33708

Interior Features

Total Stories

2


Bedrooms

6


Total Bathrooms

4


Interior Features

Ceiling Fans(s)


Laundry Description

None


Fireplace

No


Cooling

Yes


Cooling Description

Central Air


Heating

Yes


Heating Description

Central, Electric

Exterior/Building Features

Lot Size

0.12 Acres


Exterior Features

Balcony


Roof

Built-Up


Sewer

Public Sewer

School Information

High School

Seminole High-PN


Elementary School

Orange Grove Elementary-PN

Other Property Details

Area Name

33708 - St Pete/Madeira Bch/N Redington Bch/Shores


Taxes

$17,250


Tax Frequency

Annually


Days on Market

6


Association Fee Frequency

Monthly


Garage

No


Parking

Driveway, Parking Pad


View

Yes


View Description

Water


County

Pinellas


Municipality

31


Water Source

Public


Pool

No


Waterfront

Yes

Listing History

Date

Event

Price

12/28/2024

Pending

Listed by ENGEL & VOLKERS MADEIRA BEACH
Listing Contact: 727-394-7365 

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Data last updated 12/28/2024, 2:10 PM UTC

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