Active

$1,100,000

Features:
  • 0 Bedrooms
  • 0 Bathrooms
  • 2523 sq ft
Overview
  • ID: MFRTB8354015
  • Bedrooms: 0
  • Bathrooms: 0
  • Size: 2523 sq ft
Property Details
Remarks
The property nets between $8,000-$9,000 per month and netted over $175K in 2023 from short-term rentals. The owner is also open to considering creative financing options on a case-by-case basis. Nestled in the heart of Madeira Beach, just a short three-minute stroll from the soft, sandy shores, this quadruplex is an exciting investment opportunity waiting to be seized. Set on a generous 14,200-square-foot lot, this property consists of four individual one-bedroom, one-bathroom units, offering both immediate rental potential and long-term value. Built in 1947, this charming concrete block structure has stood the test of time. Though it recently faced hurricane flooding, one of the units has already been beautifully renovated. With a strong foundation and a prime location in a vibrant coastal community, this is a chance to restore and reimagine a fantastic multi-unit property. Inside, the units feature modern vinyl flooring, ceiling fans, and smart-home capabilities, adding comfort and convenience. Each unit is equipped with wall-mounted air conditioning and heating, ensuring a cozy atmosphere year-round. The property is also connected to public water and sewer, along with street lights and reliable cable and electricity services. The exterior is equally impressive, boasting a spacious lot with lush landscaping and ample parking options. With eight covered carport spaces and an additional two garage spaces, parking is never an issue for tenants or guests. The covered parking, oversized driveway, and assigned spaces provide flexibility and ease. One of the biggest highlights of this property is its unbeatable location. Whether you're looking for an income-generating property or a beachside retreat, this spot has it all. Just minutes from the beach, residents can enjoy the best of coastal living, from breathtaking sunsets to morning walks along the shore. The area is also filled with shops, restaurants, and local attractions, ensuring there’s always something to do. This quadruplex is being sold as-is, presenting a rare chance for an investor or homeowner to put their personal touch on a property with so much potential. With strong rental demand in the area and a location that speaks for itself, this is a true gem waiting to shine again. Don’t miss the opportunity to own a piece of Madeira Beach—this is a project worth investing in!
Financial Considerations
Price:
$1,100,000
HOA Fee:
N/A
Tax Amount:
$13762.72
Price per SqFt:
$435.99
Tax Legal Description:
GULF SHORES 3RD ADD BLK K, LOTS 15 AND 16
Exterior Features
Lot Size:
14200
Lot Features:
FloodZone, Landscaped
Waterfront:
No
Parking Spaces:
N/A
Parking:
Covered, Curb Parking, Driveway, Other, Oversized, Parking Pad
Roof:
Built-Up
Pool:
No
Pool Features:
N/A
Interior Features
Bedrooms:
0
Bathrooms:
0
Heating:
Wall Units / Window Unit
Cooling:
Wall/Window Unit(s)
Appliances:
N/A
Furnished:
No
Floor:
Vinyl
Levels:
One
Additional Features
Property Sub Type:
Quadruplex
Style:
N/A
Year Built:
1947
Construction Type:
Block, Concrete
Garage Spaces:
Yes
Covered Spaces:
N/A
Direction Faces:
N/A
Pets Allowed:
No
Special Condition:
None
Additional Features:
Irrigation System, Lighting, Storage
Additional Features 2:
See County for Lease Restrictions.
Map
  • Address
    14060 MIRAMAR AVE
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