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