$ 934,000 $ 950,000 1.7%

117 140TH AVE E

Madeira Beach, FL 33708

  • 6 Beds
  • 4 Baths
  • 2,806 SqFt
  • 5,227 Lot Size
  • 1971 Year Built
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.
Listed by ENGEL & VOLKERS MADEIRA BEACH , Sold By FUTURE HOME REALTY INC

PROPERTY DETAIL

  • Key Details

    Sold Price $934,000

    Property Type Multi-Family

    Sub Type Quadruplex

    Listing Status Sold

    Purchase Type For Sale

    Square Footage 2, 806 sqft

    Price per Sqft $332

    Subdivision Gulf Shores 3Rd Add Rep

    MLS Listing ID TB8331177

    Sold Date 01/31/25

    Bedrooms 6

    HOA Y/N No

    Year Built 1971

    Annual Tax Amount $17,250

    Lot Size 5,227 Sqft

    Acres 0.12

    Property Sub-Type Quadruplex

    Source Stellar MLS

  • Location

    State FL

    County Pinellas

    Community Gulf Shores 3Rd Add Rep

    Area 33708 - St Pete/Madeira Bch/N Redington Bch/Shores

    Direction E

  • 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

  • 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 1

    Water Access 1

    Water Access Desc Canal - Saltwater,Intracoastal Waterway

    View Water

    Roof Type Built-Up

    Porch Rear Porch

    Garage false

    Private Pool No

  • 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

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