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    13330 3RD Street E

    Madeira Beach, FL 33708
    • $937,500
    • STATUS: Active
    • ON SITE: 94 days
    • MLS #: U8095672
    UPDATED: 43 min ago
    $937,500
    • 0
      BEDS
    • 0.19
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 3,216
      SQFT
    • $292
      $/SQFT
    Type:
    Multi-Family
    Built:
    1972
    County:

    School Ratings & Info

    Description

    This offering presents a UNIQUE and RARELY available Madeira Beach investment real estate property operational as a stable, turnkey, incoming-producing asset with minimal expectation of extensive near-term capex, and exceptional land-bank potential for future development of a Luxury Beach Estate. The MB Apartments are comprised of three structures, a Beach Cottage and two Duplexes, consisting of five total units (three one-bedroom, and two two-bedrooms), each with a full bath, kitchen, and living room. Residents sign annual leases, have a history of on-time payment, and are responsible for electric utilities per separate meters. Owner pays water/sewer/trash. Current rents average $817 (one-bedroom), and $888 (two-bedrooms). HVAC are a combination of central and thru-wall / window systems. Each residence has been well-maintained. Features include expansive living area, tile, laminate, and carpet flooring. Many kitchen and bathroom upgrades have been completed. Common amenities include on-site laundry, ample off-street paved parking, and a private patio courtyard. Positioned on an expansive parcel (.2 +/- acre lot of 80 x 104), the Property has historically been 100% occupied, and is projected to operate with total expenses equal to roughly 45% of EGI. Located in a quiet, secluded residential enclave between Gulf Boulevard and the Intracoastal, the Property is ideally situated three blocks to public beach access at 133rd and 134th Avenues, and one block to a public park on the Intracoastal. Roughly equidistant between Clearwater and St Petersburg, MB is a highly desired community due to its quaint coastal ambiance, and predominance of single-family homes. Largely serving year-round residences, MB has relatively fewer tourist hotels and condos. Local Johns Pass Village is known regionally as a major nightlife and shopping hotspot making it very popular among residents, and tourists alike. MBs near three-mile sugary-sand beaches attract devotees of sun, and the Gulfs turquoise-emerald seas. The popularity of fishing is punctuated by MBs annual October Seafood Festival drawing up to 130,000 for celebration of food, music, arts, and crafts.

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    © 2020 My Florida Regional MLS DBA Stellar MLS. All rights reserved. All listings displayed pursuant to IDX. All listing information is deemed reliable but not guaranteed and should be independently verified through personal inspection by appropriate professionals. Listings displayed on this website may be subject to prior sale or removal from sale; availability of any listing should always be independently verified. Listing information is provided for consumers personal, non-commercial use, solely to identify potential properties for potential purchase; all other use is strictly prohibited and may violate relevant federal and state law. Data last updated 2020-11-28T08:39:56.963.
    www.memoryhopkinsrealestate.com/homes/109374276
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    13330 3RD Street E Madeira Beach, FL 33708

    • Price: $937,500
    • Status: Active
    • Updated: 43 min ago
    • MLS #: U8095672
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.19
    Acres
    3,216
    SQFT
    $292
    $/SQFT
    1972
    Built
    Neighborhood:
    Pages Rep Of Mitchells Beach
    County:
    Pinellas
    Area:
    St Pete/Madeira Beach/N Redington Beach/Shores
    Property Description
    This offering presents a UNIQUE and RARELY available Madeira Beach investment real estate property operational as a stable, turnkey, incoming-producing asset with minimal expectation of extensive near-term capex, and exceptional land-bank potential for future development of a Luxury Beach Estate. The MB Apartments are comprised of three structures, a Beach Cottage and two Duplexes, consisting of five total units (three one-bedroom, and two two-bedrooms), each with a full bath, kitchen, and living room. Residents sign annual leases, have a history of on-time payment, and are responsible for electric utilities per separate meters. Owner pays water/sewer/trash. Current rents average $817 (one-bedroom), and $888 (two-bedrooms). HVAC are a combination of central and thru-wall / window systems. Each residence has been well-maintained. Features include expansive living area, tile, laminate, and carpet flooring. Many kitchen and bathroom upgrades have been completed. Common amenities include on-site laundry, ample off-street paved parking, and a private patio courtyard. Positioned on an expansive parcel (.2 +/- acre lot of 80 x 104), the Property has historically been 100% occupied, and is projected to operate with total expenses equal to roughly 45% of EGI. Located in a quiet, secluded residential enclave between Gulf Boulevard and the Intracoastal, the Property is ideally situated three blocks to public beach access at 133rd and 134th Avenues, and one block to a public park on the Intracoastal. Roughly equidistant between Clearwater and St Petersburg, MB is a highly desired community due to its quaint coastal ambiance, and predominance of single-family homes. Largely serving year-round residences, MB has relatively fewer tourist hotels and condos. Local Johns Pass Village is known regionally as a major nightlife and shopping hotspot making it very popular among residents, and tourists alike. MBs near three-mile sugary-sand beaches attract devotees of sun, and the Gulfs turquoise-emerald seas. The popularity of fishing is punctuated by MBs annual October Seafood Festival drawing up to 130,000 for celebration of food, music, arts, and crafts.
    Exterior Features

    Carport Yn No Construction Materials BlockConcrete Exterior Features FencedSidewalk Foundation Details Slab Lot Size Dimensions 80X104 Pool Private Yn No Roof Shingle Water Access Yn No Water Extras Yn No Waterfront Feet Total 0 Waterfront Yn No

    Interior Features

    Cooling Central AirWall/Window Unit(S) Fireplace Yn No Heating CentralWall Units / Window Unit Sewer Public Sewer Water Source Public

    Property Features

    Additional Parcels Yn No Annual Net Income 40196.00 Association Yn No Cdd Yn No DPR No Flood Zone Code Ae Garage Yn No New Construction Yn No Property Sub Type Multi-Family Senior Community Yn No Special Listing Conditions None Tax Annual Amount 7196.33 Tax Year 2019 Total Num Buildings 3 Utilities Electricity ConnectedPublicSewer ConnectedWater Connected


    Listing information © 2020 My Florida Regional MLS DBA Stellar MLS..
    Listing provided courtesy of Coldwell Banker Residential.



    © 2020 My Florida Regional MLS DBA Stellar MLS. All rights reserved. All listings displayed pursuant to IDX. All listing information is deemed reliable but not guaranteed and should be independently verified through personal inspection by appropriate professionals. Listings displayed on this website may be subject to prior sale or removal from sale; availability of any listing should always be independently verified. Listing information is provided for consumers personal, non-commercial use, solely to identify potential properties for potential purchase; all other use is strictly prohibited and may violate relevant federal and state law. Data last updated 2020-11-28T08:39:56.963.
     
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