$835,000 Price Analysis    ♡   Madeira Beach, FL 33708 Unknown bed None bath 1,516 SqFt ($550/SqFt) 7,540SqFt lot. Built 1948 Listed 2024-05-08, Taxes $8,388 | Ⓧ USDA Ineligible due to price & location near Madeira Beach |
Here is a fantastic opportunity to secure your next turnkey investment property minutes from the sugar sands of Madeira Beach!
Located 5 minutes walking distance from Beach and near all shop s, dinning and venues Madeira beach has to offer. This Triplex underwent extensive renovations from 2021-2024 including a brand-new roof, plumbing including new clean outs for each unit, electrical panels, hurricane impact windows throughout, interior and exterior paint, landscape clean up to name a few of the major improvements. Insid each unit had all carpet/dated floors removed then leveled before designer porcelain/ ceramic wood plank tile was installed throughout, interior paint, baseboards, stainless steel appliances. The modern new kitchen features solid wood soft close cabinets, quartz countertops and all new appliances including high efficiency washer and dryers in all units.
Fully remodeled bathroom features polished porcelain tile, quartz vanity, with full size shower. each ensuite bedroom is large enough to fit a king size bed and features a vast walk-in closet. All units are the same size, see attached floor plan. Step out back and enjoy your private back patio or take a quick stroll to the beach/shops/ and all the new restaurants/beach dining options within walking distance. 2/3 units are currently occupied by long term tenants allowing the new owner to live in one unit, lease out long term or furnish and use the mid-term rental model to generate more income. This is a great asset to acquire and perform a cost-segregation and deprecation out to maximize tax benefits. Since all major improvements have been completed the new owner can focus on marketing/branding the property, while enjoying for personal use if desired. Shown by appointment only. Do not solicit or disturb tenants.
Presented by Ben Mitrano at
LPT REALTY LLC.
Property MLS #U8241958 from StellarMLS
Living Room/Dining Room Combo
Solid Wood Cabinets
Stone Counters
Thermostat
Furnished Description: Unfurnished
Flooring: Ceramic Tile, Tile
Window Features: Double Pane Windows, Insulated Windows
Disposal
Dryer
Exhaust Fan
Ice Maker
Microwave
Range
Range Hood
Refrigerator
Tankless Water Heater
Washer
Laundry Features: Inside
Heating Features: Central
Road Surface Type: Asphalt
Lot Size Square Feet: 7540
Calculated Total Monthly Association Fees: 0
Number of Units: 3
Bedrooms in Unit-1: 1
Bedrooms in Unit-2: 1
Bedrooms in Unit-3: 1
Total Bathrooms in Unit-1: 1
Total Bathrooms in Unit-2: 1
Total Bathrooms in Unit-3: 1
Lease Term: Minimum Lease: No Minimum
Tenant Pays: Electricity
Source Listing Status: Active
County: Pinellas
Directions: From Gulf Blvd turn East onto 140th Ave and continue .5 miles to Parsley Dr then turn left and the triplex will be on the left.
Tax Year: 2024
Ownership: Fee Simple
Source Property Type: Residential Income
Area: 33708 - St Pete/Madeira Bch/N Redington Bch/Shores
Source Neighborhood: GULF SHORES 6TH ADD REP
Parcel Number: 10-31-15-34452-232-0100
Postal Code Plus 4: 2396
Subdivision: GULF SHORES 6TH ADD REP
Township: 31
Property Subtype: Triplex
Source System Name: C2C
| Year | Assessments Building + Land Total | Tax |
|---|---|---|
| 2022 | $126,804 + $389,196 $516,000 | $8,388 |
| 2021 | $unknown + $unknown $250,437 | $4,887 |
| 2020 | $unknown + $unknown $227,670 | $4,590 |
| 2019 | $unknown + $unknown $206,973 | $4,119 |
| 2018 | $unknown + $unknown $188,157 | $3,677 |
| 2017 | $59,031 + $180,134 $239,165 | $3,463 |
| 2016 | $unknown + $unknown $210,246 | $3,163 |
| 2015 | $unknown + $unknown $176,806 | $2,850 |
| 2014 | $unknown + $unknown $146,235 | $2,464 |
| 2013 | $unknown + $unknown $124,471 | $2,179 |
| 2012 | $unknown + $unknown $106,210 | $1,923 |
| 2011 | $unknown + $unknown $104,181 | $1,445 |
| 2010 | $unknown + $unknown $98,619 | $1,330 |
| 2009 | $unknown + $unknown $118,020 | $1,643 |
| 2008 | $unknown + $unknown $193,200 | $3,367 |
| 2007 | $unknown + $unknown $264,500 | $4,510 |
$835,000
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Sold 1997-01-16
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Public Record
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$54,000
Public Record
Year Built: 1948
Building Area Source: Public Records
Building Area Total: 1666
Construction Materials: Block
Foundation Details: Slab
Levels: One
Property Age: 76
Property Condition: Completed
Roof: Shingle
Cable Available
Public
Water Source: Public
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The property loan eligibility may be subject to additional requirements beyond geographical location including but not limited to the condition of the property. Speak with a real estate professional to find out more about the eligibility of a specific property.