129 143rd Ave E

MADEIRA BEACH, FL 33708

About this property

Discover a prime investment opportunity with this METICULOUSLY RENOVATED 4-UNIT INCOME PROPERTY, perfectly situated less than a block from the beach! Every aspect of this building has been UPDATED, ensuring a turnkey experience for investors. This property is pre-inspected, has never flooded, offers an assumable flood policy and is listed below recent appraised value. Projected annual NOI of approximately $123,000, representing a CAP RATE of nearly 10%. Every detail has been meticulously attended to in this revitalization, which includes all new HVAC systems, plumbing, new roof, hurricane impact windows and doors, electrical systems, updated kitchens, updated baths, updated flooring, interior and exterior paint, new tankless water heaters, vinyl fencing and solid block construction. Inside, each unit features beautiful kitchens adorned with quartz counters, new appliances, tile plank flooring throughout, luxury furniture, fixtures and amenities. Outside you will find a fenced yard, dedicated off-street parking, an outdoor shower and beautiful newly laid pavers. For those seeking to live near the beach, this property is ideal for owner-occupancy. Live in one unit and let the rental income from the other three units cover your expenses. This setup is perfect for those looking to reduce their cost of living while building equity and enjoying a laid back beach lifestyle! Strategically positioned just 600 feet from the sugar sands of Madeira Beach, the location is unbeatable. Occupants can easily stroll to nearby restaurants, shops, and the lively John's Pass Village. The property is being offered fully FURNISHED and turnkey, making it the perfect second home or investment and providing a hassle-free addition to any portfolio. A detailed list of property features and improvements is attached for a comprehensive review. DON'T MISS OUT ON THIS RARE OPPORTUNITY TO OWN A HIGH-YIELDING, FULLY RENOVATED INCOME PROPERTY IN A PRIME BEACHSIDE LOCATION. Whether you're an experienced investor or looking to enter the market, this property promises substantial returns and long-term growth. Contact us today to schedule a viewing and see the potential for yourself!

Features and Additional Information

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$1,265,000 Active
1,827 SQFT

Presented By Bridge Point Business and Real Estate Advisor

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Get in touch today! Phone: 1-352-515-0226
Brokerage
CENTURY 21 BEGGINS
1-800-541-9923
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Area Information

33708 St Pete | Madeira Bch | N Redington Bch | Shores | Pinellas County | MADEIRA MANOR

$ 1,265,000
This listing is play_arrow 75.7% higher than the average in the area
$ 719,900 in the area
1,827 SqFt
This listing is play_arrow 60.0% larger than the average in the area
1,142 SqFt in the area
$ 692 $/SqFt
This listing is play_arrow 9.8% more than the average in the area
$ 630 $/SqFt in the area
39 days on site
This listing is play_arrow 23.5% below the average in the area
51 days on site in the area

Schools in the Area

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    Elementary School
    Orange Grove Elementary-PN
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    Middle School
    Seminole Middle-PN
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    High School
    Seminole High-PN
Listed By Bob Dean
Brokerage: CENTURY 21 BEGGINS

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