$1,291,000

$460/sq ft

$106,000
Price Decreased

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Overview

Bedroom

6

Year Built

1971

Sqft

2806

Property Type

Quadruplex

Property Description

Under contract-accepting backup offers. Virtually Staged. * PRICED AT APPRAISED VALUE * TURNKEY ALERT * RARE OPPORTUNITY * OWN SOLID CONCRETE BLOCK, QUADRUPLEX (3,208 total SF) in the heart of MADEIRA BEACH * BOAT ACCESS TO GULF OF AMERICA * INTERCOASTAL WATERFRONT * 0.12 acre land with a BEACH right across the street * Newer SEAWALL, brand new private composite DOCK, and sturdy steps to enjoy KAYAKING and FISHING. Property recently FENCED-in with gates on each side, backyard with plenty of space. Brand new GUTTERS and exquisite PAVERS were recently installed. Each unit has its own electric meter, designated parking, private mail box, bike and canoe racks. Exterior and first-floor apartments (2/1 and 1/1) are freshly painted and went through remediating and total remodeling kitchens and bathrooms. New electrical including wiring and new plumbing throughout downstairs units including new water heaters, also new CPVC pipes, valves, outside copper pipes, ball & pressure valves. New duct work in unit A and all 4 HVAC systems inspected along with the roof. Everything was permitted and inspected by the City of Madeira Beach and all permits are closed. Identical layouts and sizes of the apartments upstairs (updated 2021). Downstairs apartments with timeless TERRAZZO floors throughout, spacious living/dining room, large double pane sliding doors, and brand new windows with direct WATER VIEWS, privacy blinds, and open covered patio to relax or entertain with friends and family. Modern new kitchen with GRANITE countertops, WOOD cabinets, matching brand STAINLESS steel appliances (under the WARRANTY), including a side-by-side refrigerator with ice maker and water dispenser, stove and over-the-range microwave, and a rare to find WASHER/DRYER inside each unit. Very well-maintained property, centrally located with PUBLIC BEACH ACCESS across the street, along with shops and Florida beach authentic bars and restaurants around the corner, such as MadBeach Poke Bowls, Corner Kitchen & Coffee House, and Caddy's directly on the beach, to name a few. Only 1 mile to popular JOHNS PASS Village & Boardwalk, MARINA, and PARK. About 2 miles over the DRAWBRIDGE to the shopping plaza with major supermarkets, retail stores, and restaurants. St. Petersburg COLLEGE Bay Pines STEM Center; Madeira Beach FUNDAMENTAL Elementary School; VA BAY PINES and VA MEDICAL Center with access to trails through WAR VETERANS MEMORIAL PARK and 4 miles to popular PINELLAS TRAIL to enjoy endless BIKE rides. Public transportation is close by for an easy commute. Schedule a showing to see this great income generating property and start living your FLORIDA INVESTOR/LANDLORD DREAM!

Property Details

MLS#

A4679373

Address

117 140TH

City

MADEIRA BEACH

State/county

FL

Zip/Postal Code

33708

Area

Gulf Shores 3rd Add Rep

Country

United States

HOA

No

Assoc Fee

$--

Assoc Fee Pd

Tax Amount

$12,800

Maint Fee

$--

Tax Year

2024

Dryer

Electric Water Heater

Ice Maker

Microwave

Range

Refrigerator

Washer

Water

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Boris Gelfand