LuisaRamirez
SQUARE FEET4,635
MLS#A4708837
STATUS(Bank Owned) - Active
PROPERTY TYPECommercial - Multiple
Property Description
Virtually Staged. MADEIRA BEACH SIX-UNIT INCOME-PRODUCING PROPERTY - JUST TWO BLOCKS FROM THE BEACH! An exceptional opportunity to acquire a six-unit multifamily property in one of Madeira Beach's most desirable coastal locations. The property features a highly versatile mix of two one-bedroom units and four studio units, creating multiple avenues for rental income and long-term investment potential. Property is fully leased. The property currently generates significant income with low expenses and 6 CAP rate at list price. The combination of established income, incredible coastal location just two blocks from the beach, strong NOI, location, and six individual rental units provides an attractive foundation for both experienced multifamily investors and buyers looking to expand their income-producing portfolio. Unit sizes are approximately 700-800 square feet for the one-bedroom residences and approximately 550-650 square feet for the studios. Select units are fully furnished, providing additional flexibility for furnished, seasonal, or mid-term rental strategies where permitted. The efficient layouts and individual units provide the ability to manage and optimize rents on a unit-by-unit basis. Residents are within easy reach of the Gulf beaches, restaurants, shopping, entertainment, and the highly popular John's Pass Village & Boardwalk. The property's proximity to the beach and surrounding amenities provides strong rental appeal and supports continued demand from both local and seasonal tenants. The property presents an attractive combination of strong income, excellent location, good unit count, and future upside that is increasingly difficult to find in the Madeira Beach market. An excellent opportunity to acquire a coastal multifamily asset with current cash flow and the potential to further optimize rental performance. Buyer to independently verify all zoning, permitted uses, rental restrictions, licensing requirements, operating expenses, income, and other property information.
Property Features
Property Type: Commercial - Multiple
Cooling: Central Air
Heating: Central
Lot Size: 0.10 Acres
Roof Type: Shingle
Stories: 1.0
Taxes: $9,332
Year Built: 1948
Feature Descriptions
Appliances: Dishwasher, Microwave, Refrigerator
Directions: From Tampa, FLâ?¢ Route: Take I-275 South toward St. Petersburg, then take Exit 28 for FL-694 W / Gandy Blvd (or continue down to follow FL-694 westward via Park Blvd across the Pinellas peninsula).â?¢ Final Approach: Head west on Park Blvd (FL-694 W) tow
Exterior: Block
Flood Zone Code: AE
Flooring: Luxury Vinyl
Foundation: Slab
Home Warranty Y/N: No
Listing Terms: Owner Financing, Private Financing Available
Lot: FloodZone, Sidewalk, Street Lights, Paved
Lot Dimensions: 0.1
Ownership: Fee Simple
Property Attached Y/N: No
Property Sub-Type: Multi-Family 5+
Sale Includes: Building(s) and Land, Furniture/Fixtures, Leases
Security: Smoke Detector(s)
Sewer: Public Sewer
Showing Instructions: 24 Hour Notice, Appointment Only, Call Listing Agent, Combination Lock Box
Special Sale Provisions: Real Estate Owned
Special View Info: Water
Units: 6
Utilities: BB/HS Internet Capable, Electricity Available, Water Connected
Water: Public
Water Access: Beach
Water Access Y/N: Yes
Water View: Beach, Gulf/Ocean - Partial
Zoning: MULTI
Listed By / Shown By
Listed By
Agency Name: PREFERRED SHORE LLC
Agency Contact: 941-999-1179
Shown By
Agent Name: Luisa Ramirez
Agent Phone: Cell: (954) 415-2751
Agency Title: Realty 100
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113 145 Avenue E | MLS# A4708837
This commercial property located at 113 145 Avenue E, Madeira Beach, FL 33708 is currently listed for sale with an asking price of $1,800,000. Search Madeira Beach real estate on lramirez.realty100.com today.