, MADEIRA BEACH, FL 33708
SOLD PRICE: (?)
$445,000
Multi-Family Home 2,756 Square Feet Taxes: $4,841.00 Built in 1972 2 Garage Spaces Type: Quadruplex MLS # U8010021
Property Photo

Description of , MADEIRA BEACH, FL 33708

Superbly located 4 unit investment opportunity with significant value-add / mark-to market rent execution. Property is conveniently located in Madeira Beach. Located less than 1 mile from the popular John's Pass Village and Boardwalk, just a 5 minute walk to beach. In place cap rate of 5.1%,with a potential cap rate of 6.4%. 2 BR units have central A/C, newer roof, landscaped - this is a great property in a quiet part of Madeira Beach.Upstairs units are 2/1 with wood and tile flooring, new kitchens with granite counter tops and private elevators. All units have been updated and are 100% occupied. The 2 ground floor pre-existing units are 1BR, 1BA of approximately 500 sq ft each. Assigned off-street parking for residents and street parking for their guests. Property is just a short drive from restaurants, attractions and all the beach has to offer. Non-Disclosure Agreement required to receive detailed property information.

Features of , MADEIRA BEACH, FL 33708

Heating/Cooling

  • Central air
  • Central heat

Garage

  • Attached garage
  • Garage spaces: 2

Exterior

  • Balcony
  • Block exterior

Lot

  • Fenced lot
  • Lot acreage is: 0.10
  • Lot dimension is: 40x104
  • Lot has water view
  • Lot zoned: R

Roofing

  • Shingle roof

Construction

  • Total square feet: 2756.00
  • Units in building(s): 1

Other

  • Tax year: 2017