$2,600,000
$2,500,000
4.0%For more information regarding the value of a property, please contact us for a free consultation.
7,476 SqFt
SOLD DATE : 03/14/2022
Key Details
Sold Price $2,600,000
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 7,476 sqft
Price per Sqft $347
MLS Listing ID U8146958
Sold Date 03/14/22
Construction Status Inspections
HOA Y/N No
Year Built 1970
Annual Tax Amount $15,683
Lot Size 10,018 Sqft
Acres 0.23
Lot Dimensions 100x100
Property Description
Unlimited earning opportunities are on the horizon when you invest in this rare waterfront property in gorgeous Madeira Beach. Let your imagination run wild as you renovate the existing 8-unit residential complex into vacation rentals or start fresh and rebuild your waterfront dream. The 8 units consist of 5 2bd/2ba, 2 1bd/1ba, & 1 2bd/1ba and all units are individually metered keeping operating expenses super low. Upgrades include new impact windows & storm shutters. The C-3 zoning, and 10,000 square feet of land allows you build a vacation, residential, or commercial structure up to 44 ft tall. This rare offering is situated in one of Pinellas County’s most popular tourist destinations. The property’s deep-water dock not only offers a great place to fish or watch the dolphins passing by, it could generate additional income as boat slips, or water sport rentals for guests. Imagine the unlimited revenue potential in offering lower-level restaurants and shops as visitors relax above in their new guest suites. There truly are endless opportunities in the ideal zoning of this desirable location. Close to John’s Pass, the barrier beaches, and trolley transport, this area is a tourist’s dream. Get ready to make those investment dreams come true and cash in on Florida’s million-dollar tourist revenue.
Location
State FL
County Pinellas
Direction E
Interior
Heating Central, Central, Electric
Cooling Central Air
Flooring Carpet, Ceramic Tile
Appliance Dishwasher, Microwave, Refrigerator
Exterior
Garage Parking Spaces - 6 to 12
Utilities Available BB/HS Internet Capable, Electricity Available, Public, Water Connected
Waterfront true
Waterfront Description Canal - Saltwater
View Y/N 1
Water Access 1
Water Access Desc Bay/Harbor,Canal - Saltwater,Intracoastal Waterway
Roof Type Built-Up
Parking Type Parking Spaces - 6 to 12
Building
Story 2
Entry Level Two
Foundation Slab
Lot Size Range 0 to less than 1/4
Sewer Public Sewer
Water Public
Structure Type Block, Stucco, Vinyl Siding
New Construction false
Construction Status Inspections
Others
Ownership Sole Proprietor
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Special Listing Condition None
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