PRICE REDUCED — Charming 4-Plex in Prime Madeira Beach Location
Welcome to this fantastic investment opportunity in the heart of Madeira Beach! This well-maintained 4-plex offers a blend of two cozy efficiencies and two spacious one-bedroom, one-bathroom units. Boasting an unbeatable location, this property is less than a mile from the vibrant John’s Pass and a mere half-mile from convenient public beach access.
Key Features:
Unit Composition: This 4-plex comprises two efficiently designed studios and two comfortable one-bedroom apartments.
Prime Location: Nestled in the heart of Madeira Beach, residents enjoy easy access to the bustling John’s Pass, renowned for its shopping, dining, and entertainment options. With public beach access just a short stroll away, sand and surf enthusiasts will delight in the convenience.
Occupancy Status: Currently, all units are occupied, ensuring steady rental income. Leases are set to conclude in the spring of 2024, providing flexibility for potential adjustments.
Value Enhancement Opportunity: Rents are currently positioned at a competitive but conservative level, offering room for potential improvement. A savvy investor can optimize returns by adjusting rental rates in line with market trends.
Additional Amenities:
Dedicated parking spaces for each unit
Coin operated laundry
Landscaped grounds for a serene atmosphere
Investment Potential:
With its unbeatable location, solid occupancy rate, and the potential for increased rental income, this 4-plex presents an exceptional opportunity for both seasoned investors and those looking to enter the rental property market.
Don’t miss out on this chance to own a piece of Madeira Beach’s vibrant real estate landscape. Schedule a viewing today to explore the full potential of this investment property!
Welcome to this fantastic investment opportunity in the heart of Madeira Beach! This well-maintained 4-plex offers a blend of two cozy efficiencies and two spacious one-bedroom, one-bathroom units. Boasting an unbeatable location, this property is less than a mile from the vibrant John’s Pass and a mere half-mile from convenient public beach access.
Key Features:
Unit Composition: This 4-plex comprises two efficiently designed studios and two comfortable one-bedroom apartments.
Prime Location: Nestled in the heart of Madeira Beach, residents enjoy easy access to the bustling John’s Pass, renowned for its shopping, dining, and entertainment options. With public beach access just a short stroll away, sand and surf enthusiasts will delight in the convenience.
Occupancy Status: Currently, all units are occupied, ensuring steady rental income. Leases are set to conclude in the spring of 2024, providing flexibility for potential adjustments.
Value Enhancement Opportunity: Rents are currently positioned at a competitive but conservative level, offering room for potential improvement. A savvy investor can optimize returns by adjusting rental rates in line with market trends.
Additional Amenities:
Dedicated parking spaces for each unit
Coin operated laundry
Landscaped grounds for a serene atmosphere
Investment Potential:
With its unbeatable location, solid occupancy rate, and the potential for increased rental income, this 4-plex presents an exceptional opportunity for both seasoned investors and those looking to enter the rental property market.
Don’t miss out on this chance to own a piece of Madeira Beach’s vibrant real estate landscape. Schedule a viewing today to explore the full potential of this investment property!
Property Details
Price:
$749,900
MLS #:
U8218713
Status:
Active
Beds:
0
Baths:
0
Address:
13119 4TH STREET E
Type:
Multi Family
Subtype:
Quadruplex
Subdivision:
PAGES REP OF MITCHELLS BEACH
Neighborhood:
33708 – St Pete/Madeira Bch/N Redington Bch/Shores
City:
MADEIRA BEACH
Listed Date:
Oct 25, 2023
State:
FL
Finished Sq Ft:
1,273
ZIP:
33708
Lot Size:
4,060 sqft / 0.09 acres (approx)
Year Built:
1945
Units:
4
Schools
Elementary School:
Orange Grove Elementary-PN
Middle School:
Seminole Middle-PN
High School:
Seminole High-PN
Interior
Appliances
Dryer, Range, Refrigerator, Washer
Cooling
Wall/ Window Unit(s)
Heating
Wall Units / Window Unit
Laundry Features
Laundry Closet, Outside
Exterior
Construction Materials
Hardi Plank Type, Wood Frame
Exterior Features
Lighting
Other Structures
Shed(s)
Roof
Shingle
Financial
Tax Year
2023
Taxes
$5,444
Map
Community
- Address13119 4TH STREET E MADEIRA BEACH FL
- SubdivisionPAGES REP OF MITCHELLS BEACH
- CityMADEIRA BEACH
- CountyPinellas
- Zip Code33708
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Courtesy of GRACE REALTY & PROPERTY MGMT. Disclaimer: All data relating to real estate for sale on this page comes from the Broker Reciprocity (BR) of the Stellar MLS. Detailed information about real estate listings held by brokerage firms other than CENTURY 21 Carioti include the name of the listing broker. Neither the listing company nor CENTURY 21 Carioti shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The Broker providing this data believes it to be correct, but advises interested parties to confirm any item before relying on it in a purchase decision. Copyright 2024. Stellar MLS. All rights reserved. 13119 4TH STREET E
MADEIRA BEACH, FL
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