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Multi Family - WILLIAMS BILL MADEIRA HARBOR SUB 3RD ADD for Sale

509 129TH E, MADEIRA BEACH, FL 33708

Asking Price$1,048,000 Change Price$40,000

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  • Days on market:

    47 day(s)
  • Original Price:

    $1,088,000
  • Price per sqft:

    $503.36
  • Tax Legal Description:

    WILLIAM'S, BILL MADEIRA HARBOR SUB 3RD ADD BLK 2, LOT 6
  • Tax Year:

    2024
  • Property Type:

    Multi Family
  • Furnished Info:

    Unfurnished
  • Waterfront:

    Yes
  • Waterfront Description:

    Bay/Harbor Gulf/Ocean to Bay
  • View:

    Water
  • Elementary School:

    Orange Grove Elementary-PN
  • Middle School:

    Seminole Middle-PN
  • Senior High School:

    Seminole High-PN
  • Construction Type:

    Block
  • Roof:

    Shingle
  • Cooling Description:

    Mini-Split Unit(s)
  • Heating Description:

    Other
  • Floor Description:

    ConcreteTerrazzo
  • Interior Features:

    Primary Bedroom Main Floor
  • Exterior Features:

    SidewalkAwning(s)
  • Equipment/Appliances:

    Microwave
  • Special Listing Conditions:

    None

Description

$1,048,000 • living size area 2082 sqft • waterfront access

Welcome to this madeira beach triplex, ideally situated just steps from john's pass village and boardwalk. located on a deep-water canal with stunning views and direct access to boca ciega bay and the gulf of mexico, this property features a 14' x 20' composite dock and a 13,000 lb boat lift with electric. the triplex consists of three units: a one-bedroom, one-bathroom unit of approximately 450 square feet, another one-bedroom, one-bathroom unit of about 559 square feet, and a spacious two-bedroom, two-bathroom unit measuring roughly 1,114 square feet. the roof was replaced in 2015, and while the 1/1 units boast polished terrazzo flooring, the 2/2 unit features durable concrete flooring. additional upgrades include some impact windows, new plumbing and waste lines in the 2/2 unit, and brand-new mini-split a/c and heating units in all units. although the property did sustain flooding during recent hurricanes, it offers a blank slate for investors to reimagine the interior design. the dock could be rented for an additional $500 per month. the seller has a no substantial damage letter from the city of madeira beach so the home can get an interior repair permit and does not need to be demolished per fema's 50% rule. zoned r2 with a three-month minimum lease requirement, this triplex is within a couple of blocks of john's pass village and boardwalk, where you can enjoy an array of restaurants, breweries, nightlife, and more.

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