Madeira Beach, FL 33708

$445,000
2,756
SqFt
Sold Price
$445,000
List Price
$499,900
Status
Sold
Closing Date
Sep 05, 2018
MLS#
U8010021
Property Style
Quadruplex
Year Built
1972
Living Area
2,756
Lot Size
4,160
Acres
0.10
Total Acreage
Up to 10, 889 Sq. Ft.
Legal Subdivision Name
Rep
MLS Area Major
St Pete/Madeira Bch/N Redington Bch/Shores

Property Description

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.

Additional Information

Taxes
$4841
Annual Gross Income
47220
Community Features
No Deed Restriction
Zoning
R
Utilities
Public
Heating
Central
Air Conditioning
Central Air
Exterior Construction
Block
Exterior Features
Balcony, Fence
Roof
Shingle
Pool
No Pool
Garage Carport
2 Car Garage
Garage Spaces
2
Water View
Intracoastal Waterway
Flood Zone Code
A
Parcel ID
11111111
Legal Description
Desc

Mortgage Calculator

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Term of Loan
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Calculator source: Real Geeks

Listing courtesy of ROCK GROUP ADVISORS LLC. Selling Office: IMPERIAL ESTATES REALTY INC.

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