$500,000 • living size area 2800 sqft

This very well maintained property with an 7.57% cap rate is located on the beautiful gulf of mexico and its white sandy beaches. it’s a great opportunity to own your piece of florida and is ideal for an owner/investor/retiree or a family who wants a compound with very short walk to the beach and john's pass. the interiors are updated and extremely well maintained by a manager that might be available to next owner. there are 4- 1 bed/1 bath units and 1- 2 bed/1 bath (2 story) units. there is an adorable court yard between the two buildings to relax in. there is a pay for use washer and dryer that generates about $1,200 income/yr and is very popular with the tenants. this complex is not only a great investment but an opportunity to own 5 units of beach property in desirable madeira beach at an amazing price! please look at the pictures which include details of the condition of the property. the highest and best use of the property would be to turn it back into 3-7 day rentals with full amenities or used for development purposes. this location in madeira beach is close to shopping, restaurants, golf and tennis, boat and jet-ski rentals, fishing and casino cruises; baseball and football stadiums nearby; disney world 90 minutes away, busch gardens 45 minutes and tampa international airport 30 minutes away the owners have tried to accommodate the tenants in every way possible to make beach living a pleasure.

Multi Family -

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