117 140th Avenue E, Madeira Beach, FL 33708

$934,000
6
BD
4
BA
2,806
SqFt

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Sold Price
$934,000
List Price
$950,000
Status
Sold
Days on Market
6
Closing Date
Jan 31, 2025
MLS#
TB8331177
Property Style
Quadruplex
Year Built
1971
Bedrooms
6
Bathrooms
4
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,. less than 1 block from the beach!!! Welcome to a rare income producing property located on the intracoastal waterway in beautiful Madeira Beach. This quadplex is a great opportunity for an investor or for someone looking to live on the water and make instant income. Occupy the unit of your choice and rent the others, or maximize your income by renting all four. Easy to rent long-term or seasonally, with a 3 month minimum rental. All 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. The two lower units did suffer flood damage and will need to be renovated. All 4 units are separately metered and tenants pay for electricity. The fishing pier was recently rebuilt. Step out of the newer hurricane impact sliding doors to view the beautiful intracoastal waterway or travel just 100 yards to sugar-sand of beautiful Madeira Beach. Conveniently located near restaurants, John's Pass Village and Boardwalk, Downtown Madeira Beach, Tom Stuart Causeway, and everything else the Gulf Beaches have to offer. Just 40 minutes' drive to Tampa International Airport and an easy drive to the Orlando theme parks. These units are a rare affordable rental on the beaches, making it easy to find tenants. Please do not walk the property or disturb the tenants without a confirmed appointment.

Additional Information

Taxes
$17250
Minimum Lease
3 Months
Community Features
No Deed Restriction
Property Description
Two Story
Interior Layout
Ceiling Fans(s)
Interior Features
Ceiling Fans(s)
Utilities
Electricity Connected, Public, Sewer Connected, Water Connected
Heating
Central, Electric
Air Conditioning
Central Air
Exterior Construction
Block
Exterior Features
Balcony
Roof
Built-Up
Foundation
Slab
Pool
No Pool
Garage Features
Driveway, Parking Pad
Elementary School
Orange Grove Elementary-Pn
Middle School
Seminole Middle-Pn
High School
Seminole High-PN
Water Name
Boca Ciega Bay
Water Extras
No Wake Zone, Seawall - Concrete
Water View
Canal, Intracoastal Waterway
Water Access
Canal - Saltwater, Intracoastal Waterway
Water Frontage
Canal - Saltwater, 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

Listing courtesy of ENGEL & VOLKERS MADEIRA BEACH. 727-394-7365

Selling Office: FUTURE HOME REALTY INC.

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