Homes for sale - 117 140TH AVE E, Madeira Beach, FL 33708

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Andrea Stultz Wood

andrea.stultz@engelvoelkers.com +1(941) 929-6529

$ 950,000

Est. payment -/mo

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117 140TH AVE E Madeira Beach, FL 33708

6 Beds

4 Baths

2,806 SqFt

UPDATED:

12/23/2024 07:27 PM

Key Details

Property Type Multi-Family

Sub Type Quadruplex

Listing Status Active

Purchase Type For Sale

Square Footage 2,806 sqft

Price per Sqft $338

Subdivision Gulf Shores 3Rd Add Rep

MLS Listing ID TB8331177

Bedrooms 6

HOA Y/N No

Originating Board Stellar MLS

Year Built 1971

Annual Tax Amount $17,250

Lot Size 5,227 Sqft

Acres 0.12

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 and the ability to add two boat slips is there, for additional potential income. 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.

Location

State FL

County Pinellas

Community Gulf Shores 3Rd Add Rep

Direction E

Interior

Interior Features Ceiling Fans(s)

Heating Central, Electric

Cooling Central Air

Fireplace false

Laundry None

Exterior

Exterior Feature Balcony

Parking Features Driveway, Parking Pad

Utilities Available Electricity Connected, Public, Sewer Connected, Water Connected

Waterfront Description Canal - Saltwater,Intracoastal Waterway

View Y/N Yes

Water Access Yes

Water Access Desc Canal - Saltwater,Intracoastal Waterway

View Water

Roof Type Built-Up

Porch Rear Porch

Garage false

Private Pool No

Building

Entry Level Two

Foundation Slab

Lot Size Range 0 to less than 1/4

Sewer Public Sewer

Water Public

Structure Type Block

New Construction false

Schools

Elementary Schools Orange Grove Elementary-Pn

Middle Schools Seminole Middle-Pn

High Schools Seminole High-Pn

Others

Senior Community No

Ownership Fee Simple

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Special Listing Condition None

Listed by ENGEL & VOLKERS MADEIRA BEACH

Andrea Stultz Wood

Advisor

+1(941) 929-6529

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