117 140th Avenue E, Madeira Beach, FL 33708

$1,215,000
2,806
SqFt
Sold Price
$1,215,000
List Price
$1,275,000
Status
Sold
Days on Market
132
Closing Date
Sep 02, 2021
MLS#
U8120397
Property Style
Quadruplex
Year Built
1971
Living Area
2,806
Lot Size
5,271
Acres
0.12
Total Acreage
0 to less than 1/4
Legal Subdivision Name
Gulf Shores 3rd Add Rep
MLS Area Major
St Pete/Madeira Bch/N Redington Bch/Shores

Property Description

Great Investment Opportunity!!! Welcome to a rare income producing property located on the intra-coastal waterways of Madeira Beach! This quadplex is turn key for any investor or for someone looking to live on the water and make instant income. Occupy the unit of your choice and let the tenants pay your mortgage. All 4 units are currently rented out with long term tenants but have the potential for 3 month minimum rentals. Each unit is completely remodeled, including new stackable washer/dryer combos, elevated A/C units, water heaters, updated kitchens and bathrooms, new ceiling fans, and flooring. All 4 units are separately metered and tenants pay for electricity. The fishing pier was recently rebuilt and could easily be permitted for two boat slips for additional potential income. Step out of the new hurricane impact sliding doors to view the beautiful intracoastal waterways or walk 322 feet across the street to beautiful Madeira Beach. Conveniently located next to coffee shops, restaurants, John's Pass, Tom Stuart Causeway, and just minutes from the 35 miles of powdery sand beaches. Do Not Disturb Tenants! All units will be available for inspection, once under contract.

Additional Information

Taxes
$10495
Minimum Lease
3 Months
Annual Gross Income
78000
Location
Flood Insurance Required, FloodZone, Near Golf Course, Near Marina, Near Public Transit
Community Features
No Deed Restriction
Property Description
Two Story
Interior Layout
Eating Space In Kitchen, Kitchen/Family Room Combo, Living Room/Dining Room Combo, Open Floorplan, Solid Wood Cabinets, Thermostat, Window Treatments
Interior Features
Eating Space In Kitchen, Kitchen/Family Room Combo, Living Room/Dining Room Combo, Open Floorplan, Solid Wood Cabinets, Thermostat, Window Treatments
Floor
Carpet, Laminate, Terrazzo
Appliances
Convection Oven, Cooktop, Disposal, Dryer, Electric Water Heater, Exhaust Fan, Freezer, Range, Range Hood, Refrigerator, Washer
Utilities
BB/HS Internet Available, Cable Available, Electricity Available, Phone Available, Sewer Connected, Street Lights, Telephone Nearby, Underground Utilities, Water Connected
Heating
Electric
Air Conditioning
Central Air
Exterior Construction
Block, Concrete
Exterior Features
Balcony, Lighting, Rain Gutters, Sidewalk, Sliding Doors, Storage
Roof
Built-Up
Foundation
Slab
Pool
No Pool
Garage Features
Driveway, Parking Pad
Water Name
Boca Ciega Bay
Water Extras
Dock - Wood, Fishing Pier, Minimum Wake Zone, Sailboat Water, Seawall - Concrete
Water View
Intracoastal Waterway
Water Access
Intracoastal Waterway
Water Frontage
Intracoastal Waterway
Flood Zone Code
AE
Parcel ID
10-31-15-34362-014-0030
Legal Description
GULF SHORES 3RD ADD REPLAT BLK N, LOT 3

Mortgage Calculator

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Term of Loan
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Calculator source: Real Geeks

Listing courtesy of KELLER WILLIAMS GULF BEACHES. Selling Office: FLORIDA PROPERTY INVESTMENT.

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