$499,950 • five bedroom(s) • living size area 1822 sqft

Up & coming madeira beach!!! buy now while town rebuilding - will be prime destination! selling bldg as -is from hurricanes - up to new buyers to remodel, raise up, or build new! (check with city of madeira beach for details) great investment! was continually rented since 2011. just 5 blocks to beach! "villas by the sea" was beachside community of three villas. a truly unique property, the tenants loved the extra privacy - each villa has its own private entrance, parking spaces, outdoor patio area separated by building's layout and tropical palms borders. projected rent = villa #1 - 1br+den/1ba $1950/month, villa #2 -2br/1ba $2200/month includes 1 car garage, villa #3 - 1br/1ba $1750/month. laundry room with coin operated washer & dryer brought in extra income as well! bldg has been vacant since hurricanes. history of triplex was a very successful rental for over 15 years - tenants loved it, private patios, pet friendly, parking right by each villa! approved build 3 units in writing from city of madeira beach! great opportunity - corner large lot - almost 1/3 of an acre - some water views at various elevations! see photos due to repeat flooding of building, being sold as-is for land value only. bldg is concrete block and newer roof - had flooding only. zoning 6 month minimum rental. note - property line runs thru about center of 2 car garage - see survey. community "elks club" across street, enjoy waterfront pool, clubhouse, dinner/drink specials, boat dock rentals for a small annual fee. enjoy charming madeira beach! great beach community features waterfront parks, tennis / pickleball courts, leash free dog park, baseball fields, basketball courts, kids water splash play area, marina, outdoor concert area on waterfront, fishing piers plus many public beach & intracoastal park accesses. "mad beach" has so much to offer with that small beach town feel.

Multi Family 5 bedrooms - GULF SHORES 6TH ADD for Sale

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