$950,000 pending
117 140th avenue, madeira beach, FL 33708
| Beds 6 | Baths 4 | 2,806 Sqft | 0.12 Acres |
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Property Description
Under contract-accepting backup offers. Great Investment Opportunity,. less than 1 block from the beach!!! Welcome to a rare income producing property located on the intracoastal waterway in beautiful Madeira Beach. This quadplex is a great opportunity for an investor or for someone looking to live on the water and make instant income. Occupy the unit of your choice and rent the others, or maximize your income by renting all four. Easy to rent long-term or seasonally, with a 3 month minimum rental. All unit is completely remodeled, including new stackable washer/dryer combos, elevated A/C units, water heaters, updated kitchens and bathrooms, new ceiling fans, and flooring. The two lower units did suffer flood damage and will need to be renovated. All 4 units are separately metered and tenants pay for electricity. The fishing pier was recently rebuilt and the ability to add two boat slips is there, for additional potential income. Step out of the newer hurricane impact sliding doors to view the beautiful intracoastal waterway or travel just 100 yards to sugar-sand of beautiful Madeira Beach. Conveniently located near restaurants, John's Pass Village and Boardwalk, Downtown Madeira Beach, Tom Stuart Causeway, and everything else the Gulf Beaches have to offer. Just 40 minutes' drive to Tampa International Airport and an easy drive to the Orlando theme parks. These units are a rare affordable rental on the beaches, making it easy to find tenants. Please do not walk the property or disturb the tenants without a confirmed appointment.
Waterfront
Water Name: Boca Ciega Bay
Water Description: Canal - Saltwater, Intracoastal Waterway
General Information
Sale Price: $950,000
Price/SqFt: $339
Status: Pending
MLS#: TB8331177
City: madeira beach
Post Office: madeira beach
Schools: seminole high-pn
County: Pinellas
Subdivision: gulf shores 3rd add rep
Acres: 0.12
Bedrooms:6
Bathrooms:4
House Size: 2,806 sq.ft.
Acreage: 0.12 est.
Year Built: 1971
Property Type: Quadruplex
Style:
Features & Room Sizes
Paved Road: Asphalt
Garage: No
Construction: Block
Exterior Misc: Balcony
Basement: No
Foundation : Slab
Cooling: Central Air
Heating: Central, Electric
Waste: Public Sewer
Watersource: Public
Tax, Fees & Legal
Est. Summer Taxes: $0
Est. Winter Taxes: $17,250
Legal Description: GULF SHORES 3RD ADD REPLAT BLK N, LOT 3
Information provided by My Florida Regional MLS DBA Stellar MLS, Copyright 2025
All information provided is deemed reliable but is not guaranteed and should be independently verified. Participants are required to indicate on their websites that the information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Listing By: Michael Wyckoff of ENGEL & VOLKERS MADEIRA BEACH, Phone: 727-394-7365
