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19870253
19870261

14975 1st St E, Madeira Beach, FL 33708

MK
FL 595500
Buxton Properties Inc
Listed by Buxton Properties Inc
$1,390,000
640 days on market
Updated 7 days ago

Triplex Waterfront Maderia Beach

Details
Property Type Multifamily
Sub Type Apartment Building
Square Footage 2,752
Net Rentable (SqFt) 2,052
Units 3
NOI $61,500
Occupancy 100%
Price per SqFt $677
Year Built 1953
Year Renovated 2023
Buildings 1
Stories 2
Lot Size (SqFt) 5,000
Zoning Triplex
Parking Spaces 8 per unit
Investment Type Net Lease

Multifamily | 3 Units | $463,000/unit

Marketing description

Waterfront on the wide open canal, located in Madeira Beach, connected with the intercostal and the great Gulf Of Mexico, own a Triplux fully rented, block concrete updated and remodeled, new floor, fresh paint, new rewiring with new electrical panels, has located in the most beautiful desirable area, minutes to John pass by your boat or driving, own a property in that location makes feel all the year, you are on vacation, John Pass is one of the centers of the heart of the vacation in Pinallea county, close. To all kinds of Restaurants, Caffe, shopping centers, boats, and jet skies rentals, close to Tyron Mall, Walmart, and Target, and within walking distance to the most beautiful beaches in America, this property could be the best investment for your future and retirement, live in one and rent the other two, bring your Boat, if you don't have one rent the boat slip with the lifter for an extra income, the triplex consists with 2 beds/2 baths, 1 bed / 1 bath and the efficiency. With four carports, easy 8-car parking, and a nice balcony and porch, enjoy sitting and watching the Dolphins playing around with the Ducks.

Listing Contacts

MK
FL 595500
Buxton Properties Inc
Listed by Buxton Properties Inc

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Loan Amount
$0.00
Annual Debt Service
$--
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Annual Cash Flow
$61,500.00
$5,125.00/mo

Valuation Metrics

0
DSCR
4.42%
Cap Rate
4.42%
ROI

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