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
The data relating to real estate for sale on this website comes in part from the Internet Data Exchange Program of Stellar MLS. Information provided is for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Evan & Ashley Pedone participates in the Stellar MLS Internet Data Exchange (IDX) program, allowing display of other Stellar MLS broker's listings on this site. However, may not include all listings currently available. Information is deemed reliable but not guaranteed. Listing information is provided for consumer personal, non-commercial use, solely to identify potential properties for potential purchase; all other use is strictly prohibited and may violate relevant federal and state law. Property locations as displayed on any map are best approximations only and exact locations should be independently verified.
©2025 Stellar MLS. All rights reserved.
Data last updated 12/28/2024, 2:10 PM UTC