14140 E PARSLEY DRIVE at

14140 E PARSLEY DRIVE

For sale Days on market 45

$299,000

$297/sq ft

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Overview

Bedroom

Year Built

1948

Garage

Sqft

1008

Property Type

Duplex

Property Description

Under contract-accepting backup offers. This Madeira Beach duplex offers a strong value-add opportunity in a high-demand coastal rental market with excellent pro-forma income potential. Each unit is a 1-bedroom, 1-bath layout, and based on recent area comparables, fully renovated units in this neighborhood can command approximately $1,800 a month per side. This positions the property for a projected gross annual income of roughly $43,000 after renovation. The structure is block-on-slab with a duplex configuration plus a detached garage that includes an additional bathroom, offering potential for added storage, workspace, or possible future income uses subject to zoning and permitting. The roofs are approximately nine years old and in good condition. The property experienced flooding during Hurricane Helene and has not been rebuilt since. This setup allows a new owner to complete improvements to their preferred standard and maximize rental income. Property is being sold as-is.

Property Details

MLS#

TB8450741

Garage

Address

14140 PARSLEY E

City

MADEIRA BEACH

State/county

Zip/Postal Code

33708

Area

Gulf Shores 6th Add Rep

Country

United States

HOA

Assoc Fee

$--

Assoc Fee Pd

Tax Amount

$7,717

Maint Fee

$--

Tax Year

2024

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