6 Unit income property in Madeira Beach. Pro-forma lies within the attachments to the MLS listing. Yearly income equals $77,700. Expenses including tax & Ins equals $25,901 for a net of $51,700 and CAP reate of 5.923 All 6 Units have been thoroughly re-conditioned. Each of the 6 units has recently been tastefully updated with new flooring throughout, new kitchens, new appliances, stoves, refrigerators, sinks and faucets, cabinets and countertops, hot water heaters and air-conditioners. New bathroom tile, flooring, showers, sinks and plumbing fixtures. Both buildings are cement block with stucco and both have NEW tile roofs. The parking area was just paved with new asphalt (not painted - paved). Four of the units enjoy a tropically landscaped courtyard. This property lies one half block to the east of the City of Madeira Beach's public "beach access" which consist of a large parking lot with amenities and bathroom facilities and of course the ever popular Madeira Beach itself. This makes it very easy to walk straight to the beach itself from the property. The property’s location also provides easy access to major area employer company headquarters, including the Home Shopping Network, Spectrum, Johns Hopkins Hospital and the University of South Florida. It is also conveniently located to the causeway, which provides easy entry and exit to and from other areas in the County & state. In total there are 2 Buildings on one lot - consisting of 3- 1 Bedrooms, ( One with a bonus room ) 3 Efficiency Apts. The two units located in the rear building are currently opened to each other making one 2 bed 2 bath. This could serve as the owners home or be split back into a 1/1 and a efficiency. ALL units are Fully Furnished. There are 6 parking spots. Roughly equidistant between Clearwater and St Petersburg, Madeira Beach is a highly desired community due to its quaint coastal ambiance, and predominance of single-family homes. Largely serving year-round residences, MB has relatively fewer tourist hotels and condos. Local John’s Pass Village is known regionally as a major nightlife and shopping hotspot making it very popular among residents, and tourists alike. MB’s near three-mile sugary-sand beaches attract devotees of sun, and the Gulf’s turquoise-emerald seas. The popularity of fishing is punctuated by MB’s annual October Seafood Festival drawing up to 130,000 for celebration of food, music, arts, and crafts. Pro-forma lies within the attachments to the MLS listing and also in the video shown below. Copy & paste the link. Due to Corona you may view this unbranded virtual video tour of the property at: https://youtu.be/RgYXDx85mSA
Listing courtesy of DALTON WADE, INC..
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